Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama - 2023

Contents:

1. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (CIF) - 2022
2. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (FOB) - 2022
3. Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama
4. Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (CIF) - 2022

In 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $591 per ton, with a decrease of -9.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 28%. Over the period under review, average import prices reached the maximum at $688 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Dominican Republic ($751 per ton) and the UK ($708 per ton), while the price for Costa Rica ($514 per ton) and China ($522 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+7.6%), while the prices for the other major suppliers experienced a decline.

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama (FOB) - 2022

In 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $436 per ton, rising by 11% against the previous year. Over the period under review, the export price, however, faced a abrupt decline. Over the period under review, the average export prices hit record highs at $1,933 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Grenada.

From 2014 to 2022, the rate of growth in terms of prices for Venezuela amounted to +431.7% per year.

Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama

In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Panama declined to 535 tons, with a decrease of -14.6% compared with the previous year. Over the period under review, imports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year.

In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped rapidly to $317K in 2022. In general, imports faced a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 81%.

Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Panama in 2022:

1. China (331.2 tons)
2. Dominican Republic (78.5 tons)
3. United Kingdom (71.3 tons)
4. Costa Rica (51.0 tons)

Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Panama

In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Panama shrank significantly to 24 tons, waning by -41.4% on the year before. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 484% against the previous year. As a result, the exports attained the peak of 41 tons, and then contracted notably in the following year.

In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses shrank sharply to $10K in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 231% against the previous year. As a result, the exports reached the peak of $16K, and then declined markedly in the following year.

Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Panama in 2022:

1. Grenada (24.0 tons)

Source: IndexBox Market Intelligence Platform