Price for Hot-Rolled Wire Rod in Coils in Panama - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Panama (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Panama (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Panama
- Exports of Hot-Rolled Wire Rod in Coils in Panama
Price for Hot-Rolled Wire Rod in Coils in Panama (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $947 per ton, picking up by 7.9% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils import price increased by +81.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 68%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Dominican Republic ($1,071 per ton) and Turkey ($978 per ton), while the price for Peru ($795 per ton) and China ($923 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Panama (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $799 per ton, shrinking by -2% against the previous year. In general, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 609% against the previous year. As a result, the export price reached the peak level of $16,741 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
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 Aruba amounted to +53.0% per year.
Imports of Hot-Rolled Wire Rod in Coils in Panama
In 2022, approx. 7.9K tons of hot-rolled wire rods in coils were imported into Panama; picking up by 95% compared with the previous year. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 114%.
In value terms, hot-rolled wire rod in coils imports skyrocketed to $7.4M in 2022. Over the period under review, imports saw a tangible expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 261%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 0.3 | 0.7 | 3.2 | 52.6% |
| Turkey | 4.1 | 0.6 | 2.5 | 3.1 | -8.9% |
| Peru | 1.1 | N/A | N/A | 0.6 | -18.3% |
| 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 | 7.4 | 5.0% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Panama in 2022:
- China (3.4K tons)
- Turkey (3.2K tons)
- Peru (0.7K tons)
- Dominican Republic (0.3K tons)
- Spain (0.1K tons)
Exports of Hot-Rolled Wire Rod in Coils in Panama
In 2022, hot-rolled wire rod in coils exports from Panama contracted to 1.8 tons, declining by -9.3% against the year before. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 225% against the previous year.
In value terms, hot-rolled wire rod in coils exports contracted to $1.4K in 2022. In general, exports faced a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 339%.
| Export of Hot-Rolled Wire Rod in Coils in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 0.6 | 0.4 | 1.6 | 1.4 | 32.6% |
| Jamaica | 2.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.2 | 0.4 | 1.6 | 1.4 | -24.1% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Panama in 2022:
- Guatemala (1.8 tons)
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