Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama - 2024
Contents:
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama
- Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama (CIF) - 2022
The average import price for tube or pipe butt welding fittings, other than stainless steels stood at $2,992 per ton in 2022, rising by 80% against the previous year. Over the period under review, the import price enjoyed a mild increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($12,972 per ton), while the price for China amounted to $2,187 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama (FOB) - 2022
The average export price for tube or pipe butt welding fittings, other than stainless steels stood at $10,585 per ton in 2021, increasing by 332% against the previous year. In general, the export price showed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Chile.
From 2012 to 2021, the rate of growth in terms of prices for Costa Rica amounted to +36.7% per year.
Imports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama
After three years of growth, purchases abroad of tube or pipe butt welding fittings, other than stainless steels decreased by -39.8% to 70 tons in 2022. In general, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports attained the peak of 116 tons, and then declined markedly in the following year.
In value terms, imports of tube or pipe butt welding fittings, other than stainless steels rose notably to $209K in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 84.5 | 63.6 | 177 | 139 | 18.0% |
| South Korea | N/A | 4.6 | N/A | 43.3 | 206.8% |
| Italy | N/A | 42.8 | 2.2 | 2.9 | -74.0% |
| Hong Kong SAR | 12.2 | N/A | N/A | N/A | 0% |
| Others | 11.8 | 13.5 | 13.4 | 23.5 | 25.8% |
| Total | 108 | 125 | 192 | 209 | 24.6% |
Top Suppliers of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel to Panama in 2022:
- China (63.6 tons)
- South Korea (3.3 tons)
- Italy (0.9 tons)
Exports of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama
In 2021, approx. 41 kg of tube or pipe butt welding fittings, other than stainless steels were exported from Panama; which is down by -84.8% compared with the year before. Overall, exports saw a dramatic descent.
In value terms, exports of tube or pipe butt welding fittings, other than stainless steels declined notably to $434 in 2021. Over the period under review, exports showed a significant contraction.
| Export of Tube or Pipe Butt Welding Fittings, Other than Stainless Steel in Panama (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Chile | N/A | 0.3 | 0.4 | 33.3% |
| Ecuador | 159 | N/A | N/A | 0% |
| Guatemala | 5.7 | N/A | N/A | 0% |
| Colombia | 18.5 | N/A | N/A | 0% |
| Others | 0.5 | 0.4 | N/A | -20.0% |
| Total | 184 | 0.7 | 0.4 | -95.3% |
Top Export Markets for Tube or Pipe Butt Welding Fittings, Other than Stainless Steel from Panama in 2022:
- Chile (41.0 kg)
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