Price for Steel, Stainless; Ingots and Other Primary Forms in Panama - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Panama (CIF) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Panama
Price for Steel, Stainless; Ingots and Other Primary Forms in Panama (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $2,640 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 111% against the previous year. As a result, import price reached the peak level of $5,252 per ton. From 2018 to 2022, the average 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 South Korea ($3,476 per ton), while the price for China ($635 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+41.2%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Panama
In 2022, approx. 1.4 tons of steel, stainless; ingots and other primary formses were imported into Panama; shrinking by -91.3% compared with the previous year's figure. Over the period under review, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 970% against the previous year. As a result, imports reached the peak of 16 tons, and then shrank markedly in the following year.
In value terms, imports of steel, stainless; ingots and other primary formses declined markedly to $3.7K in 2022. Overall, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 960% against the previous year. As a result, imports reached the peak of $43K, and then dropped notably in the following year.
Import of Steel, Stainless; Ingots and Other Primary Forms in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.0 | 2.6 | 31.7 | 2.5 | -20.6% |
South Korea | 3.6 | 0.8 | 6.7 | 0.6 | -45.0% |
China | 0.8 | 0.2 | 1.3 | 0.1 | -50.0% |
India | N/A | N/A | 0.9 | N/A | 0% |
Others | 0.5 | 0.4 | 1.9 | 0.5 | 0.0% |
Total | 10.0 | 4.0 | 42.5 | 3.7 | -28.2% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Panama in 2022:
- United States (1063.0 kg)
- South Korea (170.0 kg)
- China (137.0 kg)
This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms in Panama.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Panama.
This report provides an in-depth analysis of the global market for stainless steel in ingots or other primary forms.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms in Panama.
This report provides an in-depth analysis of the global market for stainless steel in ingots or other primary forms.
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
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