Price for Tube or Pipe Flanges, Other than Stainless Steel in Panama - 2024
Contents:
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Panama (CIF) - 2022
- Price for Tube or Pipe Flanges, Other than Stainless Steel in Panama (FOB) - 2022
- Imports of Tube or Pipe Flanges, Other than Stainless Steel in Panama
- Exports of Tube or Pipe Flanges, Other than Stainless Steel in Panama
Price for Tube or Pipe Flanges, Other than Stainless Steel in Panama (CIF) - 2022
The average import price for tube or pipe flanges, other than stainless steels stood at $2,959 per ton in 2022, surging by 21% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tube or pipe flanges, other than stainless steels increased by +36.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 60% against the previous year. As a result, import price reached the peak level of $3,619 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($12,561 per ton), while the price for China ($2,208 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Flanges, Other than Stainless Steel in Panama (FOB) - 2022
In 2022, the average export price for tube or pipe flanges, other than stainless steels amounted to $7,064 per ton, which is down by -92.7% against the previous year. In general, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2021 when the average export price increased by 715% against the previous year. As a result, the export price reached the peak level of $97,153 per ton, and then declined sharply in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($11,895 per ton), while the average price for exports to Costa Rica ($5,026 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 Trinidad and Tobago (-2.0%), while the prices for the other major destinations experienced a decline.
Imports of Tube or Pipe Flanges, Other than Stainless Steel in Panama
In 2022, approx. 123 tons of tube or pipe flanges, other than stainless steels were imported into Panama; with an increase of 16% against 2021. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of tube or pipe flanges, other than stainless steels soared to $364K in 2022. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Tube or Pipe Flanges, Other than Stainless Steel in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 108 | 54.5 | 146 | 250 | 32.3% |
United States | 35.7 | 21.8 | 18.2 | 49.6 | 11.6% |
Spain | 59.7 | 12.2 | 25.7 | 18.3 | -32.6% |
South Korea | 8.2 | 3.2 | N/A | 9.0 | 3.2% |
Free Zones | 36.5 | 10.5 | 54.5 | 6.3 | -44.3% |
Others | 33.7 | 32.2 | 14.6 | 31.2 | -2.5% |
Total | 281 | 134 | 259 | 364 | 9.0% |
Top Suppliers of Tube or Pipe Flanges, Other than Stainless Steel to Panama in 2022:
- China (113.2 tons)
- United States (4.0 tons)
- Spain (1.6 tons)
- South Korea (1.4 tons)
- Free Zones (0.8 tons)
Exports of Tube or Pipe Flanges, Other than Stainless Steel in Panama
In 2022, the amount of tube or pipe flanges, other than stainless steels exported from Panama reached 6.1 tons, almost unchanged from the year before. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 206% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of tube or pipe flanges, other than stainless steels contracted rapidly to $43K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 2,389% against the previous year. As a result, the exports attained the peak of $586K, and then contracted dramatically in the following year.
Export of Tube or Pipe Flanges, Other than Stainless Steel in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Costa Rica | 0.4 | 0.2 | 2.8 | 21.5 | 277.4% |
Trinidad and Tobago | 0.4 | 4.6 | 2.4 | 16.3 | 244.1% |
Jamaica | 0.7 | 12.1 | 5.9 | 4.5 | 85.9% |
Ecuador | 5.0 | N/A | N/A | N/A | 0% |
Aruba | 1.1 | N/A | N/A | N/A | 0% |
Belgium | N/A | 2.6 | N/A | N/A | 0% |
Antigua and Barbuda | N/A | N/A | 6.6 | N/A | 0% |
Others | N/A | 3.9 | 568 | 0.8 | -54.7% |
Total | 7.6 | 23.5 | 586 | 43.1 | 78.3% |
Top Export Markets for Tube or Pipe Flanges, Other than Stainless Steel from Panama in 2022:
- Costa Rica (4.3 tons)
- Trinidad and Tobago (1.4 tons)
- Jamaica (0.4 tons)
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Global Steel Pipe Fitting Market: In 2017, the volume of the global steel tube fittings consumption stood at approx. X tons. After a noticeable contraction in 2009, the volume of consumption recovered over the next three years and then levelled of
Global tube or pipe fitting imports stood at X tons in 2016, moving up by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
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