Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama - 2024
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama (CIF) - 2022
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama (CIF) - 2022
In 2022, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $4,797 per ton, with a decrease of -12.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 44% against the previous year. The import price peaked at $6,679 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,805 per ton), while the price for Taiwan (Chinese) ($2,719 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $8,413 per ton, surging by 5.9% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 78%. The export price peaked at $18,183 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($33,056 per ton), while the average price for exports to Guyana ($3,635 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 Jamaica (+46.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama
In 2022, the amount of stainless steel; flat-rolled products of width less than 600mms imported into Panama surged to 88 tons, rising by 293% compared with 2021 figures. Over the period under review, imports, however, recorded a abrupt setback.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms surged to $424K in 2022. Overall, imports, however, recorded a abrupt slump.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.5 | 8.4 | 12.4 | 166 | 151.0% |
| Turkey | N/A | N/A | N/A | 76.7 | 0% |
| United States | 540 | 34.1 | 57.9 | 75.1 | -48.2% |
| India | N/A | N/A | 6.9 | 62.7 | 808.7% |
| Taiwan (Chinese) | 9.8 | 11.3 | 10.0 | 13.2 | 10.4% |
| Costa Rica | 3.6 | 5.1 | 9.1 | 11.4 | 46.8% |
| Spain | 102 | 0.4 | 3.7 | 3.5 | -67.5% |
| Peru | 27.2 | N/A | 16.0 | 0.4 | -75.5% |
| South Korea | N/A | 30.3 | N/A | N/A | 0% |
| Germany | 60.7 | N/A | N/A | N/A | 0% |
| Others | 43.1 | 5.2 | 7.5 | 14.7 | -30.1% |
| Total | 797 | 94.8 | 123 | 424 | -19.0% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Panama in 2022:
- China (35.4 tons)
- Turkey (20.0 tons)
- India (14.6 tons)
- United States (8.5 tons)
- Taiwan (Chinese) (4.8 tons)
- Costa Rica (1.9 tons)
- Spain (1.1 tons)
- Peru (0.1 tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama
For the fourth year in a row, Panama recorded growth in overseas shipments of stainless steel; flat-rolled products of width less than 600mms, which increased by 554% to 5.9 tons in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $50K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | N/A | 1.7 | N/A | 38.3 | 374.7% |
| Costa Rica | 6.9 | 3.1 | 7.2 | 9.2 | 10.1% |
| Guyana | N/A | 10.5 | N/A | 1.2 | -66.2% |
| Others | 0.2 | N/A | N/A | 1.1 | 76.5% |
| Total | 7.1 | 15.3 | 7.2 | 49.8 | 91.4% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Panama in 2022:
- Jamaica (4.4 tons)
- Costa Rica (1.1 tons)
- Guyana (0.3 tons)
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