Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama - 2024
Contents:
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama (CIF) - 2022
- Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama (FOB) - 2022
- Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama
- Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama (CIF) - 2022
In 2022, the average import price for tube or pipe threaded elbows, bends and sleeves of stainless steels amounted to $5,536 per ton, shrinking by -25.1% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 42% against the previous year. The import price peaked at $7,390 per ton in 2021, and then declined notably in the following year.
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 ($20,307 per ton), while the price for Mexico ($3,526 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama (FOB) - 2022
The average export price for tube or pipe threaded elbows, bends and sleeves of stainless steels stood at $6,524 per ton in 2022, increasing by 129% against the previous year. In general, the export price, however, showed a drastic downturn. Over the period under review, the average export prices hit record highs at $17,607 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($12,868 per ton), while the average price for exports to Jamaica ($2,776 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 Belize (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama
In 2022, approx. 146 tons of tube or pipe threaded elbows, bends and sleeves of stainless steels were imported into Panama; jumping by 62% on 2021 figures. Overall, imports, however, faced a abrupt shrinkage.
In value terms, imports of tube or pipe threaded elbows, bends and sleeves of stainless steels surged to $809K in 2022. Over the period under review, imports, however, saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 89%.
| Import of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 687 | 160 | 262 | 455 | -12.8% |
| United States | 255 | 70.6 | 118 | 106 | -25.4% |
| Free Zones | 22.1 | 26.7 | 88.5 | 88.6 | 58.9% |
| India | 71.4 | 35.7 | 68.7 | 56.1 | -7.7% |
| Mexico | 116 | 16.8 | 39.3 | 36.8 | -31.8% |
| South Korea | 33.5 | 7.2 | N/A | 7.6 | -39.0% |
| Others | 110 | 34.8 | 89.7 | 57.8 | -19.3% |
| Total | 1,295 | 352 | 666 | 809 | -14.5% |
Top Suppliers of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel to Panama in 2022:
- China (116.2 tons)
- Mexico (10.4 tons)
- Free Zones (6.0 tons)
- United States (5.2 tons)
- India (4.7 tons)
- South Korea (1.0 tons)
Exports of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama
In 2022, the amount of tube or pipe threaded elbows, bends and sleeves of stainless steels exported from Panama plummeted to 9.3 tons, falling by -75.4% on the previous year. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 309% against the previous year. As a result, the exports reached the peak of 38 tons, and then declined markedly in the following year.
In value terms, exports of tube or pipe threaded elbows, bends and sleeves of stainless steels reduced notably to $61K in 2022. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 40%. As a result, the exports attained the peak of $108K, and then shrank dramatically in the following year.
| Export of Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 20.3 | 42.8 | 35.0 | 42.1 | 27.5% |
| Jamaica | 1.9 | N/A | 2.0 | 5.9 | 45.9% |
| Trinidad and Tobago | 7.2 | 19.6 | 4.7 | 5.9 | -6.4% |
| Dominican Republic | 0.1 | 0.3 | 9.3 | 2.5 | 192.4% |
| Chile | 3.6 | 9.5 | 1.2 | 1.8 | -20.6% |
| Guatemala | 59.0 | 2.5 | 4.8 | 1.0 | -74.3% |
| Antigua and Barbuda | N/A | N/A | 43.4 | N/A | 0% |
| Others | 3.0 | 2.4 | 7.7 | 1.6 | -18.9% |
| Total | 95.0 | 77.2 | 108 | 60.8 | -13.8% |
Top Export Markets for Tube or Pipe Threaded Elbows, Bends and Sleeves of Stainless Steel from Panama in 2022:
- Costa Rica (5.9 tons)
- Jamaica (2.1 tons)
- Trinidad and Tobago (0.6 tons)
- Dominican Republic (0.3 tons)
- Guatemala (0.1 tons)
- Chile (0.1 tons)
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