Panama - Iron Or Steel Hot-Worked Helical Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Hot-Worked Helical Spring in Panama - 2023
Contents:
- Price for Metal Hot-Worked Helical Spring in Panama (CIF) - 2023
- Price for Metal Hot-Worked Helical Spring in Panama (FOB) - 2022
- Imports of Metal Hot-Worked Helical Spring in Panama
- Exports of Metal Hot-Worked Helical Spring in Panama
Price for Metal Hot-Worked Helical Spring in Panama (CIF) - 2023
The average metal hot-worked helical spring import price stood at $4,931 per ton in July 2023, growing by 36% against the previous month. Over the period under review, the import price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 284% against the previous month. As a result, import price attained the peak level of $11,232 per ton. From October 2022 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($30,168 per ton), while the price for China ($1,740 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Metal Hot-Worked Helical Spring in Panama (FOB) - 2022
Panama has no trade partners to describe.
Imports of Metal Hot-Worked Helical Spring in Panama
In 2022, metal hot-worked helical spring imports into Panama declined to 332 tons, dropping by -15% against 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 391 tons, and then reduced in the following year.
In value terms, metal hot-worked helical spring imports shrank sharply to $1.4M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 23%.
| Import of Metal Hot-Worked Helical Spring in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 430 | 318 | 670 | 521 | 6.6% |
| China | 161 | 191 | 322 | 350 | 29.5% |
| Colombia | 31.8 | 9.4 | 2.7 | 104 | 48.4% |
| Free Zones | 62.3 | 74.7 | 347 | 91.6 | 13.7% |
| El Salvador | N/A | 0.6 | N/A | 58.9 | 890.8% |
| Mexico | 66.5 | 89.2 | 95.3 | 28.0 | -25.0% |
| Australia | 32.1 | 522 | 26.9 | 6.2 | -42.2% |
| Dominican Republic | 128 | N/A | 3.3 | 4.0 | -68.5% |
| Others | 235 | 204 | 237 | 239 | 0.6% |
| Total | 1,147 | 1,408 | 1,704 | 1,403 | 6.9% |
Top Suppliers of Metal Hot-Worked Helical Spring to Panama in 2022:
- China (200.0 tons)
- United States (53.5 tons)
- El Salvador (33.4 tons)
- Colombia (14.2 tons)
- Free Zones (10.0 tons)
- Dominican Republic (2.4 tons)
- Australia (1.6 tons)
- Mexico (1.6 tons)
Exports of Metal Hot-Worked Helical Spring in Panama
For the third consecutive year, Panama recorded decline in overseas shipments of iron or steel hot-worked helical springs, which decreased by 0% to 2.9 tons in 2022. In general, exports showed a sharp shrinkage. The smallest decline of -30.2% was in 2020.
In value terms, metal hot-worked helical spring exports totaled $28K in 2022. Over the period under review, exports continue to indicate a sharp contraction. The smallest decline of -23.4% was in 2020.
| Export of Metal Hot-Worked Helical Spring in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 1.0 | N/A | N/A | N/A | 0% |
| Dominican Republic | 5.6 | N/A | N/A | N/A | 0% |
| Trinidad and Tobago | N/A | 0.4 | N/A | N/A | 0% |
| Costa Rica | 33.0 | N/A | N/A | N/A | 0% |
| Guyana | N/A | 1.8 | N/A | N/A | 0% |
| Cuba | 2.3 | N/A | N/A | N/A | 0% |
| Honduras | 2.6 | 2.3 | N/A | N/A | -11.5% |
| Others | 28.8 | 51.7 | N/A | 28.1 | -0.8% |
| Total | 73.3 | 56.2 | N/A | 28.1 | -27.4% |
Top Export Markets for Metal Hot-Worked Helical Spring from Panama in 2022:
This report provides an in-depth analysis of the market for metal hot-worked helical spring in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931631 - Iron or steel hot-worked helical springs
- Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
- Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
- Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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