Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama - 2024

Contents:

  1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama (CIF) - 2024
  2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama (FOB) - 2022
  3. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama
  4. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama (CIF) - 2024

The average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $3,229 per ton in November 2023, declining by -4.5% against the previous month. In general, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 3.5% m-o-m. As a result, import price reached the peak level of $3,698 per ton. From June 2023 to November 2023, the average import prices remained at a lower figure.

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

From January 2023 to November 2023, the rate of growth in terms of prices for China amounted to -1.0% per month.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama (FOB) - 2022

The average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $8,556 per ton in 2022, increasing by 27% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 281% against the previous year. Over the period under review, the average export prices attained the maximum at $18,466 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($19,250 per ton), while the average price for exports to Costa Rica ($5,384 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+28.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama

In 2022, approx. 7.6K tons of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s were imported into Panama; dropping by -11.8% on 2021 figures. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 69%. As a result, imports reached the peak of 8.6K tons, and then contracted in the following year.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s rose notably to $34M in 2022. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 123%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.112.028.933.153.8%
Germany1.20.40.60.2-45.0%
South Korea3.80.7N/AN/A-81.6%
Brazil4.4N/AN/AN/A0%
Others0.50.30.30.4-7.2%
Total19.013.429.833.620.9%

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Panama in 2022:

  1. China (7.5K tons)

Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama

In 2022, after three years of growth, there was significant decline in shipments abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s, when their volume decreased by -53.4% to 24 tons. Overall, exports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 137% against the previous year.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s reduced notably to $205K in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 802%. As a result, the exports reached the peak of $448K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bolivia18.1356137189118.6%
Costa Rica11.837.31.115.59.5%
El Salvador19.022.2N/A0.1-82.6%
GuatemalaN/A32.2188N/A483.9%
Others0.70.219.5N/A427.8%
Total49.744834520560.4%

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Panama in 2022:

  1. Bolivia (21.1 tons)
  2. Costa Rica (2.9 tons)

Source: IndexBox Market Intelligence Platform

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