Panama: Metal Chain Market 2025

Metal Chain Market Size in Panama

In 2022, the Panamanian metal chain market decreased by -1.2% to $X, falling for the third consecutive year after five years of growth. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.8% against 2019 indices. Metal chain consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal Chain Production in Panama

In value terms, metal chain production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 90%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Chain Exports

Exports from Panama

In 2022, metal chain exports from Panama soared to X tons, with an increase of 48% compared with the previous year's figure. In general, exports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 190%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal chain exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 202% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Colombia (X tons) and Guatemala (X tons) were the main destinations of metal chain exports from Panama, together accounting for 53% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +43.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Colombia ($X) and Peru ($X) were the largest markets for metal chain exported from Panama worldwide, with a combined 52% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +46.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, with an increase of 23% against the previous year. Overall, the export price continues to indicate a measured increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 45%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Spain ($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 Nicaragua (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Imports

Imports into Panama

In 2022, overseas purchases of iron or steel chain decreased by -19.2% to X tons, falling for the fourth year in a row after three years of growth. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 184%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, metal chain imports soared to $X in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 153% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Free Zones (X tons), China (X tons) and the United States (X tons) were the main suppliers of metal chain imports to Panama, with a combined 64% share of total imports. France, Mexico, India, Sweden, Taiwan (Chinese), Costa Rica, Italy and the Netherlands lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +13,758.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X), the United States ($X) and France ($X) constituted the largest metal chain suppliers to Panama, together accounting for 56% of total imports. Mexico, China, India, Sweden, Italy, Costa Rica, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 43%.

Sweden, with a CAGR of +15,314.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 metal chain import price amounted to $X per ton, picking up by 78% against the previous year. Overall, the import price enjoyed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform