Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $245 per ton, picking up by 14% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +39.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($319 per ton), while the average price for exports to Bangladesh ($150 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 Guatemala (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $425 per ton in 2022, rising by 26% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2020 an increase of 88% against the previous year. The import price peaked at $711 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($461 per ton), while the price for Chile ($388 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+94.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama
Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Panama shrank sharply to 203K tons in 2022, waning by -17.7% against the year before. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 88% against the previous year. As a result, the exports attained the peak of 246K tons, and then contracted rapidly in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined to $50M in 2022. In general, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 131%. As a result, the exports attained the peak of $53M, and then contracted in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 14.7 | 15.4 | 31.1 | 26.6 | 21.9% |
| Taiwan (Chinese) | 3.4 | 1.4 | 8.6 | 7.9 | 32.4% |
| India | 2.4 | 1.3 | 3.8 | 4.9 | 26.9% |
| Bangladesh | 0.2 | N/A | N/A | 2.0 | 115.4% |
| Colombia | N/A | 0.1 | 4.5 | 1.9 | 335.9% |
| Guatemala | N/A | 0.8 | 1.5 | 1.3 | 27.5% |
| South Korea | 1.7 | 2.4 | 0.4 | 1.3 | -8.6% |
| Others | 8.4 | 1.5 | 3.2 | 3.8 | -23.2% |
| Total | 30.7 | 23.0 | 53.2 | 49.7 | 17.4% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Panama in 2022:
- Thailand (104.9K tons)
- Taiwan (Chinese) (33.0K tons)
- India (18.3K tons)
- Bangladesh (13.3K tons)
- South Korea (8.5K tons)
- Guatemala (5.9K tons)
- Colombia (5.8K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama
In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Panama shrank remarkably to 193 tons, with a decrease of -60.8% against 2021. In general, imports faced a sharp decrease.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank sharply to $82K in 2022. Overall, imports saw a significant contraction. The smallest decline of -27.4% was in 2020.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,563 | 4.4 | 82.0 | 41.6 | -70.1% |
| Chile | 108 | 62.4 | 33.1 | 32.2 | -33.2% |
| Dominican Republic | N/A | N/A | N/A | 8.3 | 0% |
| Ecuador | N/A | 526 | N/A | N/A | 0% |
| Spain | 57.5 | N/A | 0.3 | N/A | -92.8% |
| Peru | N/A | 630 | 42.6 | N/A | -93.2% |
| Italy | 31.9 | N/A | N/A | N/A | 0% |
| Others | 80.4 | 113 | 8.4 | N/A | -67.7% |
| Total | 1,841 | 1,335 | 166 | 82.1 | -64.5% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Panama in 2022:
- United States (90.3 tons)
- Chile (83.0 tons)
- Dominican Republic (20.0 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Panama.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
70
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Panama.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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