Price for Platinum; Unwrought or in Semi-Manufactured Forms in Panama - 2023

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Panama (CIF) - 2022
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Panama (FOB) - 2022
3. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Panama
4. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Panama

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Panama (CIF) - 2022

The average import price for platinum; unwrought or in semi-manufactured formses stood at $8,035,000 per ton in 2022, declining by -40.5% against the previous year. Overall, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 68%. As a result, import price reached the peak level of $44,893 per kg. From 2014 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 the United States ($14,120,000 per ton), while the price for Canada stood at $1,950,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+81.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Panama (FOB) - 2022

The average export price for platinum; unwrought or in semi-manufactured formses stood at $1,792,750 per ton in 2022, surging by 361% against the previous year. Overall, the export price, however, showed a abrupt contraction. The export price peaked at $18,870,750 per ton in 2013; however, from 2014 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 ($5,260,000 per ton), while the average price for exports to Guatemala ($81,000 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 Venezuela (+22.1%), while the prices for the other major destinations experienced a decline.

Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Panama

After three years of growth, overseas purchases of platinum; unwrought or in semi-manufactured formses decreased by 0% to 2 kg in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 100% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of platinum; unwrought or in semi-manufactured formses shrank remarkably to $16K in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 176%. As a result, imports attained the peak of $27K, and then contracted remarkably in the following year.

Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Panama in 2022:

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

Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Panama

In 2022, shipments abroad of platinum; unwrought or in semi-manufactured formses decreased by -20% to 4 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 50%. As a result, the exports attained the peak of 6 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of platinum; unwrought or in semi-manufactured formses soared to $7.2K in 2022. Over the period under review, exports showed a sharp setback.

Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Panama in 2022:

1. United States (1.0 kg)
2. Switzerland (1.0 kg)
3. Guatemala (1.0 kg)
4. Venezuela (1.0 kg)

Source: IndexBox Market Intelligence Platform