Panama - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCored Arc-Welding Wire Price in Panama - 2023
Contents:
- Cored Arc-Welding Wire Price in Panama (CIF) - 2022
- Cored Arc-Welding Wire Price in Panama (FOB) - 2022
- Cored Arc-Welding Wire Imports in Panama
- Cored Arc-Welding Wire Exports in Panama
Cored Arc-Welding Wire Price in Panama (CIF) - 2022
In 2022, the average cored arc-welding wire import price amounted to $4,570 per ton, waning by -22.2% against the previous year. In general, the import price saw a pronounced reduction. The pace of growth was the most pronounced in 2020 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $7,176 per ton in 2012; however, from 2013 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 Free Zones ($10,541 per ton), while the price for India ($2,364 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Cored Arc-Welding Wire Price in Panama (FOB) - 2022
In 2022, the average cored arc-welding wire export price amounted to $6,811 per ton, growing by 5.3% against the previous year. Overall, the export price showed a resilient expansion. The growth pace was the most rapid in 2021 an increase of 70%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($7,236 per ton) and Colombia ($6,998 per ton), while the average price for exports to Costa Rica ($6,455 per ton) and Nicaragua ($6,462 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Cored Arc-Welding Wire Imports in Panama
Cored arc-welding wire imports into Panama soared to 178 tons in 2022, picking up by 83% on the previous year. Overall, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cored arc-welding wire imports soared to $815K in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Cored Arc-Welding Wire in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 50.5 | 117 | 303 | 464 | 109.4% |
| China | 180 | 82.4 | 76.0 | 169 | -2.1% |
| Free Zones | 11.9 | 50.3 | 65.8 | 66.2 | 77.2% |
| South Korea | N/A | N/A | N/A | 53.9 | 0% |
| Mexico | 180 | 21.6 | 60.6 | 37.9 | -40.5% |
| India | 3.3 | N/A | N/A | 6.4 | 24.7% |
| Others | 41.0 | 81.1 | 65.3 | 17.6 | -24.6% |
| Total | 467 | 353 | 571 | 815 | 20.4% |
Top Suppliers of Cored Arc-Welding Wire to Panama in 2022:
- United States (64.9 tons)
- China (64.4 tons)
- South Korea (22.3 tons)
- Mexico (15.6 tons)
- Free Zones (6.3 tons)
- India (2.7 tons)
Cored Arc-Welding Wire Exports in Panama
After two years of decline, overseas shipments of cored arc-welding wire increased by 64% to 2.9 tons in 2022. In general, exports, however, recorded a sharp decrease.
In value terms, cored arc-welding wire exports skyrocketed to $20K in 2022. Overall, exports, however, showed a sharp curtailment.
| Export of Cored Arc-Welding Wire in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 4.9 | 2.5 | 2.6 | 4.5 | -2.8% |
| Nicaragua | 15.9 | 22.2 | 2.5 | 4.3 | -35.3% |
| Colombia | 17.3 | 2.0 | 1.8 | 3.1 | -43.6% |
| Costa Rica | 9.1 | 12.0 | 1.3 | 2.3 | -36.8% |
| Trinidad and Tobago | 0.4 | 6.6 | 0.7 | 1.3 | 48.1% |
| Honduras | 1.4 | 4.3 | 0.6 | 0.9 | -13.7% |
| Guatemala | 0.5 | 4.0 | 0.5 | 0.8 | 17.0% |
| Belize | 1.8 | 0.6 | 0.2 | 0.3 | -45.0% |
| United States | 2.0 | N/A | N/A | N/A | 0% |
| Others | 10.0 | 6.1 | 1.4 | 2.4 | -37.9% |
| Total | 63.3 | 60.2 | 11.6 | 20.0 | -31.9% |
Top Export Markets for Cored Arc-Welding Wire from Panama in 2022:
- Nicaragua (662.0 kg)
- Venezuela (628.0 kg)
- Colombia (445.0 kg)
- Costa Rica (358.0 kg)
- Trinidad and Tobago (198.0 kg)
- Honduras (136.0 kg)
- Guatemala (120.0 kg)
- Belize (44.0 kg)
This report provides an in-depth analysis of the cored arc-welding wire market in Panama. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)
Country coverage:
- Panama
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Panama
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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