Nickel Ore Price in Panama - 2022
Contents:
Nickel Ore Price in Panama (CIF) - 2022
The average nickel ore import price stood at $17,614 per ton in 2022, falling by -9.9% against the previous year. Overall, the import price, however, recorded a significant expansion. The growth pace was the most rapid in 2017 an increase of 478%. The import price peaked at $19,559 per ton in 2021, and then shrank in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +38.0% per year.
Nickel Ore Imports in Panama
In 2022, purchases abroad of nickel ores and concentrates was finally on the rise to reach 20 tons after two years of decline. In general, imports, however, recorded a perceptible decline.
In value terms, nickel ore imports dropped to $361K in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13%.
| Import of Nickel Ore in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 299 | 339 | 383 | 361 | 6.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 299 | 339 | 383 | 361 | 6.5% |
Top Suppliers of Nickel Ore to Panama in 2022:
- United States (20.5 tons)
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