Price for Precious Metal-Clad Jewelry of Base Metals in Panama - 2023
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Panama (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in Panama (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in Panama
- Exports of Precious Metal-Clad Jewelry of Base Metals in Panama
Price for Precious Metal-Clad Jewelry of Base Metals in Panama (CIF) - 2022
The average import price for base metal jewelry clad with precious metals stood at $674,060 per ton in 2022, with an increase of 75% against the previous year. In general, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 78%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.
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 Spain ($863,116 per ton), while the price for Free Zones ($24,974 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+66.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Precious Metal-Clad Jewelry of Base Metals in Panama (FOB) - 2022
In 2022, the average export price for base metal jewelry clad with precious metals amounted to $226,188 per ton, picking up by 62% against the previous year. In general, the export price saw a moderate increase. The growth pace was the most rapid in 2020 when the average export price increased by 80%. The export price peaked at $271,112 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for El Salvador.
From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +20.2% per year.
Imports of Precious Metal-Clad Jewelry of Base Metals in Panama
In 2022, approx. 215 kg of base metal jewelry clad with precious metals were imported into Panama; falling by -83.9% on the previous year. Overall, imports faced a significant decline. The growth pace was the most rapid in 2021 with an increase of 118% against the previous year.
In value terms, imports of base metal jewelry clad with precious metals dropped remarkably to $145K in 2022. Over the period under review, imports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year.
Import of Precious Metal-Clad Jewelry of Base Metals in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 47.4 | 48.3 | 98.4 | 104 | 29.9% |
Italy | 5.9 | N/A | N/A | 8.8 | 14.3% |
Switzerland | 61.4 | N/A | N/A | 5.9 | -54.2% |
United States | 246 | 105 | 135 | 3.3 | -76.2% |
China | 23.3 | N/A | N/A | 1.5 | -59.9% |
Free Zones | N/A | N/A | N/A | 1.0 | 0% |
Ecuador | N/A | 2.5 | 24.1 | N/A | 864.0% |
Brazil | 368 | 111 | 256 | N/A | -16.6% |
Others | 1.6 | 7.8 | 0.2 | 20.1 | 132.5% |
Total | 754 | 275 | 514 | 145 | -42.3% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Panama in 2022:
- Spain (121.0 kg)
- Free Zones (39.0 kg)
- Italy (18.0 kg)
- Switzerland (17.0 kg)
- United States (13.0 kg)
- China (4.0 kg)
Exports of Precious Metal-Clad Jewelry of Base Metals in Panama
In 2022, after three years of growth, there was significant decline in overseas shipments of base metal jewelry clad with precious metals, when their volume decreased by -25.6% to 1.1 tons. Overall, total exports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year.
In value terms, exports of base metal jewelry clad with precious metals soared to $258K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 139%. As a result, the exports attained the peak of $302K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Precious Metal-Clad Jewelry of Base Metals in Panama (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
El Salvador | 42.6 | 254 | 204 | 258 | 82.3% |
Free Zones | 64.0 | N/A | N/A | N/A | 0% |
Guatemala | N/A | 48.2 | N/A | N/A | 0% |
United Arab Emirates | N/A | N/A | 10.5 | N/A | 0% |
Jamaica | 13.5 | N/A | N/A | N/A | 0% |
Others | 6.1 | N/A | N/A | N/A | 0% |
Total | 126 | 302 | 214 | 258 | 27.0% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Panama in 2022:
- El Salvador (1.1 tons)
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