Price for Steel, Alloy; Semi-Finished Products in Panama - 2022
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Panama (FOB) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Panama (CIF) - 2022
- Exports of Steel, Alloy; Semi-Finished Products in Panama
- Imports of Steel, Alloy; Semi-Finished Products in Panama
Price for Steel, Alloy; Semi-Finished Products in Panama (FOB) - 2022
The average steel, alloy; semi-finished products export price stood at $1,261 per ton in 2022, growing by 19% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the maximum at $4,755 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($1,683 per ton), while the average price for exports to Colombia ($1,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+19.3%), while the prices for the other major destinations experienced a decline.
Price for Steel, Alloy; Semi-Finished Products in Panama (CIF) - 2022
The average steel, alloy; semi-finished products import price stood at $1,315 per ton in 2022, declining by -14.5% against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2016 an increase of 53% against the previous year. Over the period under review, average import prices hit record highs at $5,841 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($222,800 per ton), while the price for China stood at $878 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+45.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel, Alloy; Semi-Finished Products in Panama
Steel, alloy; semi-finished products exports from Panama reached 323 tons in 2022, stabilizing at the previous year's figure. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 290%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, steel, alloy; semi-finished products exports skyrocketed to $407K in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 396%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Steel, Alloy; Semi-Finished Products in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | 338 | 407 | 20.4% |
| Colombia | 1.0 | 46.6 | 0.9 | 0.2 | -41.5% |
| Switzerland | N/A | 4.0 | N/A | N/A | 0% |
| Canada | 23.5 | N/A | N/A | N/A | 0% |
| Others | 6.2 | 17.9 | 0.4 | 0.1 | -74.7% |
| Total | 30.7 | 68.4 | 339 | 407 | 136.7% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Panama in 2022:
- Brazil (322.7 tons)
- Colombia (0.2 tons)
Imports of Steel, Alloy; Semi-Finished Products in Panama
In 2022, approx. 9.2 tons of steel, alloy; semi-finished productses were imported into Panama; picking up by 15% on 2021 figures. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 242% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, steel, alloy; semi-finished products imports declined modestly to $12K in 2022. In general, imports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 270% against the previous year.
| Import of Steel, Alloy; Semi-Finished Products in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.6 | 2.4 | 7.5 | 8.1 | 2.1% |
| Others | 4.9 | 0.9 | 4.7 | 4.0 | -6.5% |
| Total | 12.5 | 3.3 | 12.2 | 12.1 | -1.1% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Panama in 2022:
- China (9.2 tons)
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