Coin Price in Panama - 2023

Contents:

1. Coin Price in Panama (CIF) - 2022
2. Coin Price in Panama (FOB) - 2022
3. Coin Imports in Panama
4. Coin Exports in Panama

Coin Price in Panama (CIF) - 2022

In 2022, the average coin import price amounted to $2,114,138 per ton, picking up by 340% against the previous year. In general, the import price saw a significant increase. The pace of growth was the most pronounced in 2021 an increase of 1,654% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,970,811 per ton), while the price for Canada ($923,578 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+100.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Coin Price in Panama (FOB) - 2022

The average coin export price stood at $52,043 per ton in 2022, which is down by -5.9% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 155% against the previous year. Over the period under review, the average export prices hit record highs at $120,923 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($64,459 per ton), while the average price for exports to Venezuela ($45 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 Costa Rica (+21.2%), while the prices for the other major destinations experienced a decline.

Coin Imports in Panama

In 2022, coin imports into Panama reduced rapidly to 167 kg, waning by -32.9% on 2021 figures. Over the period under review, imports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 1,086% against the previous year.

In value terms, coin imports skyrocketed to $353K in 2022. In general, imports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 20,695%.

Top Suppliers of Coin to Panama in 2022:

1. Canada (64.0 kg)
2. United States (37.0 kg)
3. Netherlands (31.0 kg)
4. Spain (27.0 kg)
5. Germany (4.0 kg)

Coin Exports in Panama

In 2022, overseas shipments of coins were finally on the rise to reach 258 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a precipitous shrinkage.

In value terms, coin exports expanded notably to $13K in 2022. In general, exports, however, recorded a dramatic decline.

Top Export Markets for Coin from Panama in 2022:

1. United States (205.0 kg)
2. Costa Rica (31.0 kg)
3. Venezuela (22.0 kg)

Source: IndexBox Market Intelligence Platform