Price for Iron Ore and Concentrate, Non-Agglomerated in Panama - 2022

Contents:

1. Price for Iron Ore and Concentrate, Non-Agglomerated in Panama (FOB) - 2022
2. Price for Iron Ore and Concentrate, Non-Agglomerated in Panama (CIF) - 2022
3. Exports of Iron Ore and Concentrate, Non-Agglomerated in Panama
4. Imports of Iron Ore and Concentrate, Non-Agglomerated in Panama

Price for Iron Ore and Concentrate, Non-Agglomerated in Panama (FOB) - 2022

The average export price for iron ores and concentrates, non-agglomerated stood at $91 per ton in 2022, with a decrease of -17.3% against the previous year. In general, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 94% against the previous year. As a result, the export price attained the peak level of $166 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -3.6% per year.

Price for Iron Ore and Concentrate, Non-Agglomerated in Panama (CIF) - 2022

The average import price for iron ores and concentrates, non-agglomerated stood at $87 per ton in 2022, leveling off at the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. The import price peaked at $245 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -15.5% per year.

Exports of Iron Ore and Concentrate, Non-Agglomerated in Panama

Iron ore and concentrate, non-agglomerated exports from Panama surged to 66K tons in 2022, growing by 20% against the previous year's figure. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 95%. As a result, the exports attained the peak of 104K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, iron ore and concentrate, non-agglomerated exports shrank slightly to $6M in 2022. In general, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Iron Ore and Concentrate, Non-Agglomerated from Panama in 2022:

1. Canada (66.0K tons)

Imports of Iron Ore and Concentrate, Non-Agglomerated in Panama

In 2022, imports of iron ores and concentrates, non-agglomerated into Panama reached 45K tons, almost unchanged from the previous year's figure. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 999%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated imports stood at $3.9M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 704%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Panama in 2022:

1. Netherlands (45.2K tons)

Source: IndexBox Market Intelligence Platform