Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Panama - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Panama (CIF) - 2024
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Panama (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Panama
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Panama

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Panama (CIF) - 2024

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $7,355 per ton in July 2023, increasing by 392% against the previous month. In general, the import price showed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($32,624 per ton), while the price for China stood at $761 per ton.

From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Panama (FOB) - 2022

In 2022, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $2,674 per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 493%. The export price peaked at $25,534 per ton in 2014; however, from 2015 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 Costa Rica.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +2.5% per year.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Panama

In 2022, approx. 455 tons of alloy steel flat-rolled products, of a width of less than 600mms were imported into Panama; shrinking by -29.1% on the year before. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 440% against the previous year. As a result, imports attained the peak of 642 tons, and then shrank rapidly in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms declined to $773K in 2022. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 215%. As a result, imports attained the peak of $870K, and then fell in the following year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Panama in 2022:

1. China (407.6 tons)
2. United States (23.7 tons)
3. Costa Rica (14.6 tons)
4. Free Zones (9.0 tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Panama

For the third consecutive year, Panama recorded decline in shipments abroad of alloy steel flat-rolled products, of a width of less than 600mms, which decreased by 0% to 43 kg in 2022. Overall, exports recorded a precipitous contraction. The smallest decline of -98.7% was in 2020.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms amounted to $115 in 2022. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of -97.9% was in 2020.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from Panama in 2022:

1. Costa Rica (43.0 kg)

Source: IndexBox Market Intelligence Platform