Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Panama - 2022

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Panama (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Panama (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Panama
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Panama

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Panama (CIF) - 2022

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $6,288 per ton in 2022, falling by -13.8% against the previous year. Overall, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 71%. The import price peaked at $8,758 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($6,906 per ton), while the price for Free Zones ($3,823 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Panama (FOB) - 2022

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $9,314 per ton in 2021, increasing by 22% against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. The export price peaked at $10,378 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Guatemala amounted to +40.3% per year.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Panama

In 2022, purchases abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses was finally on the rise to reach 1.6 tons after two years of decline. Overall, imports, however, recorded a pronounced curtailment.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $10K in 2022. In general, imports, however, continue to indicate a abrupt contraction.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Panama in 2022:

1. Germany (1000.0 kg)
2. Mexico (211.0 kg)
3. Free Zones (209.0 kg)
4. Colombia (138.0 kg)
5. United States (29.0 kg)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Panama

Exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses from Panama dropped sharply to 70 kg in 2021, waning by -86.6% on the year before. In general, exports showed a precipitous contraction. The smallest decline of -66.3% was in 2020.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses declined notably to $652 in 2021. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of -65.1% was in 2020.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Panama in 2022:

1. Guatemala (70.0 kg)

Source: IndexBox Market Intelligence Platform