Price for Brass Tubes and Pipes in Panama - 2024
Contents:
- Price for Brass Tubes and Pipes in Panama (CIF) - 2022
- Price for Brass Tubes and Pipes in Panama (FOB) - 2022
- Imports of Brass Tubes and Pipes in Panama
- Exports of Brass Tubes and Pipes in Panama
Price for Brass Tubes and Pipes in Panama (CIF) - 2022
In 2022, the average brass tubes and pipes import price amounted to $17,480 per ton, surging by 63% against the previous year. Overall, the import price enjoyed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($17,575 per ton), while the price for the United States ($16,991 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Brass Tubes and Pipes in Panama (FOB) - 2022
In 2021, the average brass tubes and pipes export price amounted to $3,949 per ton, increasing by 42% against the previous year. Overall, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2019 an increase of 96%. Over the period under review, the average export prices attained the maximum at $13,681 per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Guyana ($4,007 per ton), while the average price for exports to Costa Rica stood at $3,071 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (-7.7%).
Imports of Brass Tubes and Pipes in Panama
In 2022, purchases abroad of tubes and pipes of copper-zinc base alloys (brass) decreased by -55% to 13 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 80%. As a result, imports attained the peak of 29 tons, and then declined sharply in the following year.
In value terms, brass tubes and pipes imports dropped sharply to $231K in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 89% against the previous year. As a result, imports attained the peak of $316K, and then declined significantly in the following year.
| Import of Brass Tubes and Pipes in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 89.0 | 106 | 305 | 149 | 18.7% |
| Free Zones | N/A | 4.6 | 4.6 | 46.0 | 216.2% |
| United States | 4.5 | 24.1 | 4.0 | 36.2 | 100.4% |
| China | 9.1 | 4.6 | 2.4 | N/A | -48.6% |
| Mexico | N/A | 27.9 | N/A | N/A | 0% |
| Others | 0.7 | N/A | N/A | N/A | 0% |
| Total | 103 | 167 | 316 | 231 | 30.9% |
Top Suppliers of Brass Tubes and Pipes to Panama in 2022:
- Canada (8.5 tons)
- Free Zones (2.6 tons)
- United States (2.1 tons)
Exports of Brass Tubes and Pipes in Panama
In 2021, approx. 447 kg of tubes and pipes of copper-zinc base alloys (brass) were exported from Panama; with an increase of 2,383% on 2020 figures. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, brass tubes and pipes exports skyrocketed to $1.8K in 2021. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Brass Tubes and Pipes in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Guyana | N/A | N/A | 1,679 | 0% | |
| Costa Rica | 349 | 50.0 | 86.0 | -50.4% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 349 | 50.0 | 1,765 | 124.9% | |
Top Export Markets for Brass Tubes and Pipes from Panama in 2022:
- Guyana (419.0 kg)
- Costa Rica (28.0 kg)
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