Price for Pearls; Articles of Natural or Cultured Pearls in Panama - 2023

Contents:

1. Price for Pearls; Articles of Natural or Cultured Pearls in Panama (CIF) - 2022
2. Price for Pearls; Articles of Natural or Cultured Pearls in Panama (FOB) - 2022
3. Imports of Pearls; Articles of Natural or Cultured Pearls in Panama
4. Exports of Pearls; Articles of Natural or Cultured Pearls in Panama

Price for Pearls; Articles of Natural or Cultured Pearls in Panama (CIF) - 2022

The average import price for pearls; articles of natural or cultured pearlses stood at $343,714 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 59%. The import price peaked at $778,400 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2013 to 2022, the rate of growth in terms of prices for Spain amounted to +22.3% per year.

Price for Pearls; Articles of Natural or Cultured Pearls in Panama (FOB) - 2022

The average export price for pearls; articles of natural or cultured pearlses stood at $73,447 per ton in 2022, increasing by 59% against the previous year. In general, the export price, however, continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2018 an increase of 165%. Over the period under review, the average export prices hit record highs at $812,000 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($157,333 per ton), while the average price for exports to Barbados ($3,571 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pearls; Articles of Natural or Cultured Pearls in Panama

In 2022, the amount of pearls; articles of natural or cultured pearlses imported into Panama skyrocketed to 7 kg, rising by 40% compared with the year before. Over the period under review, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of pearls; articles of natural or cultured pearlses skyrocketed to $2.4K in 2022. In general, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pearls; Articles of Natural or Cultured Pearls to Panama in 2022:

1. China (7.0 kg)

Exports of Pearls; Articles of Natural or Cultured Pearls in Panama

In 2022, approx. 152 kg of pearls; articles of natural or cultured pearlses were exported from Panama; rising by 1,420% compared with 2021 figures. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of pearls; articles of natural or cultured pearlses surged to $11K in 2022. Overall, 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.

Top Export Markets for Pearls; Articles of Natural or Cultured Pearls from Panama in 2022:

1. Guatemala (141.0 kg)
2. Barbados (7.0 kg)
3. Spain (3.0 kg)

Source: IndexBox Market Intelligence Platform