Price for Chain; Articulated Link, Roller, of Iron or Steel in Panama - 2023

Contents:

  1. Price for Chain; Articulated Link, Roller, of Iron or Steel in Panama (CIF) - 2022
  2. Price for Chain; Articulated Link, Roller, of Iron or Steel in Panama (FOB) - 2022
  3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in Panama
  4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in Panama

Price for Chain; Articulated Link, Roller, of Iron or Steel in Panama (CIF) - 2022

The average import price for chain; articulated link, roller, of iron or steel stood at $13,626 per ton in 2022, surging by 47% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($23,632 per ton), while the price for South Korea ($5,570 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in Panama (FOB) - 2022

In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $12,870 per ton, approximately mirroring the previous year. In general, the export price saw strong growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 59%. Over the period under review, the average export prices reached the peak figure at $13,730 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Nicaragua ($12,928 per ton) and Venezuela ($12,915 per ton), while the average price for exports to Costa Rica ($12,341 per ton) and Guatemala ($12,871 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in Panama

In 2022, the amount of chain; articulated link, roller, of iron or steel imported into Panama dropped notably to 41 tons, which is down by -15.9% against the previous year. Over the period under review, imports faced a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 1.4% against the previous year.

In value terms, imports of chain; articulated link, roller, of iron or steel skyrocketed to $565K in 2022. Overall, imports saw a abrupt shrinkage.

Import of Chain; Articulated Link, Roller, of Iron or Steel in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany19.915.435.4178107.6%
Free Zones33.154.698.688.238.6%
United States14110010575.5-18.8%
Japan32.34.62.170.029.4%
China32511883.768.6-40.5%
South Korea35.97.75.724.9-11.5%
Colombia14.467.973.518.28.1%
Brazil28.842.723.910.6-28.3%
Taiwan (Chinese)78.615.4N/A4.6-61.2%
Hong Kong SAR23.812.5N/AN/A-47.5%
Others67.296.830.126.4-26.8%
Total799535459565-10.9%

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Panama in 2022:

  1. Free Zones (8.8 tons)
  2. Germany (8.5 tons)
  3. China (8.2 tons)
  4. South Korea (4.5 tons)
  5. United States (3.9 tons)
  6. Japan (3.0 tons)
  7. Colombia (2.9 tons)
  8. Brazil (0.4 tons)
  9. Taiwan (Chinese) (0.3 tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in Panama

Exports of chain; articulated link, roller, of iron or steel from Panama stood at 5.4 tons in 2022, flattening at 2021 figures. Over the period under review, exports faced a sharp contraction. The smallest decline of -44.5% was in 2020.

In value terms, exports of chain; articulated link, roller, of iron or steel totaled $69K in 2022. In general, exports recorded a dramatic downturn. The smallest decline of -47.2% was in 2020.

Export of Chain; Articulated Link, Roller, of Iron or Steel in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Venezuela94.014.1N/A27.3-33.8%
Nicaragua31.35.0N/A9.7-32.3%
Costa Rica6.917.1N/A9.511.2%
Guatemala5.41.4N/A1.8-30.7%
Ecuador3.718.3N/AN/A394.6%
Suriname14.015.2N/AN/A8.6%
Guyana10.17.0N/AN/A-30.7%
Colombia50.915.7N/AN/A-69.2%
HondurasN/A17.8N/AN/A0%
Jamaica6.96.3N/AN/A-8.7%
Others39.620.9N/A21.1-18.9%
Total263139N/A69.4-35.9%

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Panama in 2022:

  1. Venezuela (2.1 tons)
  2. Nicaragua (0.8 tons)
  3. Costa Rica (0.8 tons)
  4. Guatemala (0.1 tons)

Source: IndexBox Market Intelligence Platform

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