Panama: Market for Forged Bars Of Stainless Steel 2025

Market Size for Forged Bars Of Stainless Steel in Panama

The Panamanian forged stainless steel bar market reduced modestly to $X in 2022, stabilizing at the previous year. In general, consumption, however, showed a relatively flat trend pattern. Forged stainless steel bar consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Forged Bars Of Stainless Steel in Panama

In value terms, forged stainless steel bar production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Forged Bars Of Stainless Steel

Exports from Panama

In 2022, overseas shipments of forged bars of stainless steel decreased by X% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, forged stainless steel bar exports stood at $X in 2022. In general, exports showed a dramatic downturn. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X kg) was the main destination for forged stainless steel bar exports from Panama, with a X% share of total exports. Moreover, forged stainless steel bar exports to Trinidad and Tobago exceeded the volume sent to the second major destination, Costa Rica (X kg), more than tenfold. The Dominican Republic (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Trinidad and Tobago totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and the Dominican Republic (X% per year).

It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Trinidad and Tobago was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

The average forged stainless steel bar export price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Costa Rica ($X 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 Colombia (X%), while the prices for the other major destinations experienced a decline.

Imports of Forged Bars Of Stainless Steel

Imports into Panama

In 2022, approx. X tons of forged bars of stainless steel were imported into Panama; rising by X% against 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, forged stainless steel bar imports skyrocketed to $X in 2022. Overall, imports saw a notable expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of forged stainless steel bar to Panama, with a X% share of total imports. Moreover, forged stainless steel bar imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X kg), fourfold. Italy (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Italy (X% per year).

In value terms, Colombia ($X), China ($X) and Free Zones ($X) were the largest forged stainless steel bar suppliers to Panama, together accounting for X% of total imports.

In terms of the main suppliers, Free Zones, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average forged stainless steel bar import price amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Free Zones ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform