Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,217 per ton, increasing by 39% against the previous year. Overall, the import price, however, saw a slight shrinkage. The growth pace was the most rapid in 2021 an increase of 68% against the previous year. Over the period under review, average import prices hit record highs at $1,924 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,740 per ton), while the price for Peru ($1,023 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $667 per ton in 2022, dropping by -1.8% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -0.3% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $679 per ton in 2021, and then declined slightly in the following year.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2022, the rate of growth in terms of prices for Mozambique amounted to +177.2% per year.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Panama surged to 5.2K tons in 2022, picking up by 30% against 2021. In general, imports, however, continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 114%.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $6.4M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 261% against the previous year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.1 | 0.6 | 2.5 | 2.7 | -13.0% |
| China | 0.9 | 0.3 | 0.7 | 2.7 | 44.2% |
| Peru | 1.1 | N/A | N/A | 0.5 | -23.1% |
| Dominican Republic | N/A | N/A | N/A | 0.3 | 0% |
| Spain | 0.2 | N/A | 0.2 | 0.1 | -20.6% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 6.4 | 1.0 | 3.5 | 6.4 | 0.0% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Panama in 2022:
- China (2268.9 tons)
- Turkey (2118.3 tons)
- Peru (461.6 tons)
- Dominican Republic (209.5 tons)
- Spain (65.4 tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama
After three years of growth, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -2.4% to 21 tons in 2022. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 11%.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses fell modestly to $14K in 2022. The total export value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 21%.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1.9 | 13.1 | 14.3 | 13.7 | 93.2% |
| Jamaica | 8.7 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 10.8 | 13.1 | 14.3 | 13.7 | 8.3% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Panama in 2022:
- Guatemala (20.5 tons)
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