Price for Metals; Platinum, Unwrought or in Powder Form in Panama - 2022

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Panama (CIF) - 2022
2. Price for Metals; Platinum, Unwrought or in Powder Form in Panama (FOB) - 2022
3. Imports of Metals; Platinum, Unwrought or in Powder Form in Panama
4. Exports of Metals; Platinum, Unwrought or in Powder Form in Panama

Price for Metals; Platinum, Unwrought or in Powder Form in Panama (CIF) - 2022

The average import price for metals; platinum, unwrought or in powder forms stood at $2,113,500 per ton in 2022, which is down by -79.7% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 217% against the previous year. Over the period under review, average import prices hit record highs at $31,579,000 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,277,000 per ton), while the price for Canada amounted to $1,950,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-14.4%).

Price for Metals; Platinum, Unwrought or in Powder Form in Panama (FOB) - 2022

The average export price for metals; platinum, unwrought or in powder forms stood at $9,899,000 per ton in 2022, falling by -5% against the previous year. Overall, the export price, however, showed tangible growth. The pace of growth appeared the most rapid in 2015 an increase of 59%. Over the period under review, the average export prices hit record highs at $21,879,500 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($18,577,000 per ton), while the average price for exports to the United States stood at $1,221,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.0%).

Imports of Metals; Platinum, Unwrought or in Powder Form in Panama

For the fourth consecutive year, Panama recorded growth in overseas purchases of metals; platinum, unwrought or in powder forms, which increased by 100% to 2 kg in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; platinum, unwrought or in powder forms shrank sharply to $4.2K in 2022. Over the period under review, imports, however, saw a sharp decline. The smallest decline of -19.9% was in 2020.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Panama in 2022:

1. United States (1.0 kg)
2. Canada (1.0 kg)

Exports of Metals; Platinum, Unwrought or in Powder Form in Panama

In 2022, exports of metals; platinum, unwrought or in powder forms from Panama stood at 2 kg, approximately mirroring the previous year. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of metals; platinum, unwrought or in powder forms declined modestly to $20K in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 12% against the previous year.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Panama in 2022:

1. United States (1.0 kg)
2. Switzerland (1.0 kg)

Source: IndexBox Market Intelligence Platform