Price for Copper; Refined and Copper Alloys, Unwrought in Panama - 2024

Contents:

  1. Price for Copper; Refined and Copper Alloys, Unwrought in Panama (CIF) - 2022
  2. Price for Copper; Refined and Copper Alloys, Unwrought in Panama (FOB) - 2022
  3. Imports of Copper; Refined and Copper Alloys, Unwrought in Panama
  4. Exports of Copper; Refined and Copper Alloys, Unwrought in Panama

Price for Copper; Refined and Copper Alloys, Unwrought in Panama (CIF) - 2022

In 2022, the average import price for copper; refined and copper alloys, unwroughts amounted to $12,514 per ton, jumping by 76% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 91%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Germany ($20,387 per ton), while the price for Free Zones ($5,032 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper; Refined and Copper Alloys, Unwrought in Panama (FOB) - 2022

In 2020, the average export price for copper; refined and copper alloys, unwroughts amounted to $4,581 per ton, waning by -48.1% against the previous year. Over the period under review, the export price saw a mild slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49%. Over the period under review, the average export prices reached the maximum at $8,821 per ton in 2019, and then dropped markedly in the following year.

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

From 2012 to 2020, the rate of growth in terms of prices for Colombia amounted to +16.7% per year.

Imports of Copper; Refined and Copper Alloys, Unwrought in Panama

In 2022, imports of copper; refined and copper alloys, unwroughts into Panama skyrocketed to 3.8 tons, picking up by 709% compared with 2021. In general, imports, however, recorded a dramatic slump.

In value terms, imports of copper; refined and copper alloys, unwroughts soared to $47K in 2022. Overall, imports, however, continue to indicate a abrupt setback.

Import of Copper; Refined and Copper Alloys, Unwrought in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A23.90%
United States21.20.7N/A13.8-13.3%
Free Zones28.2N/AN/A5.4-42.4%
FranceN/AN/AN/A4.10%
Hong Kong SARN/A9.5N/AN/A0%
China0.624.60.6N/A0.0%
Others6.01.12.7N/A-32.9%
Total56.136.03.347.2-5.6%

Top Suppliers of Copper; Refined and Copper Alloys, Unwrought to Panama in 2022:

  1. United States (1203.0 kg)
  2. Germany (1174.0 kg)
  3. Free Zones (1079.0 kg)
  4. France (316.0 kg)

Exports of Copper; Refined and Copper Alloys, Unwrought in Panama

In 2020, the amount of copper; refined and copper alloys, unwroughts exported from Panama contracted sharply to 191 kg, dropping by -94% compared with the previous year. In general, exports showed a precipitous curtailment.

In value terms, exports of copper; refined and copper alloys, unwroughts fell rapidly to $875 in 2020. Over the period under review, exports showed a dramatic curtailment.

Export of Copper; Refined and Copper Alloys, Unwrought in Panama (USD)
COUNTRY20192020CAGR,
2019-2020
Dominican RepublicN/A8750%
Others28,217N/A0%
Total28,217875-96.9%

Top Export Markets for Copper; Refined and Copper Alloys, Unwrought from Panama in 2022:

  1. Dominican Republic (191.0 kg)

Source: IndexBox Market Intelligence Platform

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