Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $4,044 per ton, approximately mirroring the previous year. Over the period under review, the import price, however, saw a noticeable descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 34%. Over the period under review, average import prices reached the peak figure at $7,481 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.6% per year.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,177 per ton in 2022, standing approx. at the previous year. Overall, the export price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2018 an increase of 12%. As a result, the export price attained the peak level of $3,907 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Venezuela.
From 2013 to 2022, the rate of growth in terms of prices for Venezuela amounted to +16.2% per year.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama
In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms imported into Panama surged to 11 tons, with an increase of 16,022% against 2021 figures. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms skyrocketed to $44K in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.0 | N/A | 43.7 | 156.2% |
| United States | 0.5 | 4.2 | 0.3 | N/A | -22.5% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 3.4 | 6.2 | 0.3 | 43.7 | 134.2% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Panama in 2022:
- China (10.8 tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama
In 2022, overseas shipments of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by 0% to 1.6 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 235%. As a result, the exports reached the peak of 3.1 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $5K in 2022. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 203% against the previous year. As a result, the exports attained the peak of $10K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 1.8 | 9.8 | N/A | 5.0 | 40.6% |
| Colombia | 1.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.2 | N/A | N/A | -33.3% |
| Total | 3.3 | 10.0 | N/A | 5.0 | 14.9% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Panama in 2022:
- Venezuela (1.6 tons)
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