Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Panama - 2023

Contents:

  1. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Panama (CIF) - 2022
  2. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Panama (FOB) - 2022
  3. Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Panama
  4. Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Panama

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Panama (CIF) - 2022

In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $87,131 per ton, remaining constant against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 221% against the previous year. As a result, import price reached the peak level of $346,242 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 Australia ($372,111 per ton), while the price for Ecuador ($5,298 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Panama (FOB) - 2022

The average export price for articles of precious metal or of metal clad with precious metal stood at $211,070 per ton in 2022, rising by 8.6% against the previous year. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 317% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($276,151 per ton), while the average price for exports to Spain ($1,141 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 the United States (+15.5%).

Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Panama

For the third year in a row, Panama recorded decline in overseas purchases of articles of precious metal or of metal clad with precious metal, which decreased by 0% to 84 kg in 2022. Over the period under review, imports continue to indicate prominent growth. The smallest decline of -51.6% was in 2020. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of articles of precious metal or of metal clad with precious metal amounted to $7.3K in 2022. In general, imports showed a precipitous shrinkage. The smallest decline of -64.6% was in 2020.

Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustraliaN/A5.7N/A3.3-23.9%
United StatesN/AN/AN/A2.70%
AustriaN/AN/AN/A1.10%
EcuadorN/AN/AN/A0.20%
Spain12.6N/AN/AN/A0%
Free ZonesN/A1.9N/AN/A0%
China2.7N/AN/AN/A0%
Italy2.4N/AN/AN/A0%
Others3.9N/AN/AN/A0%
Total21.57.6N/A7.3-30.2%

Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Panama in 2022:

  1. Ecuador (47.0 kg)
  2. United States (25.0 kg)
  3. Australia (9.0 kg)
  4. Austria (3.0 kg)

Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Panama

In 2022, the amount of articles of precious metal or of metal clad with precious metal exported from Panama surged to 7.9 tons, rising by 25,455% against 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of articles of precious metal or of metal clad with precious metal surged to $1.7M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/A590N/A1,65067.2%
ColombiaN/AN/AN/A12.60%
FranceN/AN/AN/A8.80%
SpainN/AN/AN/A0.70%
BoliviaN/A0.6N/AN/A0%
Others4.50.16.0N/A15.5%
Total4.55916.01,672618.9%

Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Panama in 2022:

  1. United States (6.0 tons)
  2. France (0.8 tons)
  3. Spain (0.6 tons)
  4. Colombia (0.5 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Articles of precious metal or of metal clad with precious metal - Panama