Panama: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Panama

In 2023, the Panamanian metal screw hook market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal screw hook consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Metal Screw Hook Production in Panama

In value terms, metal screw hook production reduced to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Metal Screw Hook Exports

Exports from Panama

In 2023, after two years of growth, there was significant decline in shipments abroad of iron or steel screw hooks and screw rings, when their volume decreased by X% to X tons. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, metal screw hook exports plummeted to $X in 2023. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Belize (X tons) was the main destination for metal screw hook exports from Panama, with a X% share of total exports. Moreover, metal screw hook exports to Belize exceeded the volume sent to the second major destination, Guyana (X kg), threefold. Grenada (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Belize totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and Grenada (X% per year).

In value terms, Belize ($X) emerged as the key foreign market for iron or steel screw hooks and screw rings exports from Panama, comprising X% of total exports. The second position in the ranking was taken by Guyana ($X), with a X% share of total exports. It was followed by Grenada, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Belize amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and Grenada (X% per year).

Export Prices by Country

The average metal screw hook export price stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Barbados ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Screw Hook Imports

Imports into Panama

In 2023, purchases abroad of iron or steel screw hooks and screw rings increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, metal screw hook imports soared to $X in 2023. In general, imports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest metal screw hook supplier to Panama, with a X% share of total imports. Moreover, metal screw hook imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United States (X% per year).

In value terms, the largest metal screw hook suppliers to Panama were Brazil ($X), China ($X) and the United States ($X), together comprising X% of total imports.

Among the main suppliers, the United States, with a CAGR of X%, saw 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 2023, the average metal screw hook import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform