Price for Winding Wire of Copper in Panama - 2024
Contents:
- Price for Winding Wire of Copper in Panama (CIF) - 2022
- Price for Winding Wire of Copper in Panama (FOB) - 2022
- Imports of Winding Wire of Copper in Panama
- Exports of Winding Wire of Copper in Panama
Price for Winding Wire of Copper in Panama (CIF) - 2022
In 2022, the average winding wire of copper import price amounted to $13,160 per ton, rising by 17% against the previous year. Overall, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 100%. Over the period under review, average import prices hit record highs at $15,719 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($13,911 per ton), while the price for China ($8,281 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Panama (FOB) - 2022
The average winding wire of copper export price stood at $9,347 per ton in 2022, dropping by -16.3% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 317%. Over the period under review, the average export prices hit record highs at $14,214 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($17,441 per ton), while the average price for exports to Guyana ($2,800 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 the United States (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire of Copper in Panama
In 2022, approx. 64 tons of winding wire of coppers were imported into Panama; falling by -21% against the previous year's figure. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year.
In value terms, winding wire of copper imports shrank sharply to $682K in 2022. In general, imports showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 71%.
| Import of Winding Wire of Copper in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 366 | 294 | 325 | 354 | -1.1% |
| Free Zones | 424 | 39.5 | 460 | 256 | -15.5% |
| Mexico | 2.4 | 99.3 | 44.5 | 40.9 | 157.3% |
| China | 65.8 | 51.7 | 8.9 | 18.1 | -35.0% |
| Spain | 43.5 | 8.0 | 8.0 | 1.6 | -66.7% |
| South Africa | 84.9 | N/A | N/A | N/A | 0% |
| Others | 135 | 44.8 | 70.0 | 11.8 | -55.6% |
| Total | 1,122 | 537 | 917 | 682 | -15.3% |
Top Suppliers of Winding Wire of Copper to Panama in 2022:
- United States (29.2 tons)
- Free Zones (28.2 tons)
- Mexico (2.9 tons)
- China (2.2 tons)
- Spain (0.3 tons)
Exports of Winding Wire of Copper in Panama
Winding wire of copper exports from Panama fell notably to 998 kg in 2022, with a decrease of -46.4% compared with the year before. In general, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year.
In value terms, winding wire of copper exports declined rapidly to $9.2K in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 56%.
| Export of Winding Wire of Copper in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.3 | 6.6 | 6.6 | 6.6 | 26.0% |
| Guyana | N/A | 1.2 | N/A | 1.5 | 11.8% |
| Barbados | 0.1 | 0.2 | 2.2 | 0.5 | 71.0% |
| Antigua and Barbuda | 0.3 | 1.1 | 0.5 | 0.4 | 10.1% |
| Guatemala | 0.8 | 1.0 | 0.1 | N/A | -64.6% |
| Belize | 1.0 | N/A | N/A | N/A | 0% |
| Jamaica | 1.9 | 0.1 | 3.0 | N/A | 25.7% |
| Others | 0.1 | 1.4 | 1.7 | 0.2 | 26.0% |
| Total | 7.5 | 11.7 | 14.0 | 9.2 | 7.0% |
Top Export Markets for Winding Wire of Copper from Panama in 2022:
- Guyana (520.0 kg)
- United States (376.0 kg)
- Barbados (55.0 kg)
- Antigua and Barbuda (42.0 kg)
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