Price for Non-Silver Precious Metal Jewelry in Panama - 2023
Contents:
- Price for Non-Silver Precious Metal Jewelry in Panama (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Panama (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Panama
- Exports of Non-Silver Precious Metal Jewelry in Panama
Price for Non-Silver Precious Metal Jewelry in Panama (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $8,879,311 per ton, growing by 47% against the previous year. In general, the import price, however, saw a deep downturn. Over the period under review, average import prices reached the maximum at $16,973,031 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($26,494,000 per ton), while the price for China ($1,887,479 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Non-Silver Precious Metal Jewelry in Panama (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $14,063,423 per ton, which is down by -27.2% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-silver precious metal jewelry export price increased by +2.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 41% against the previous year. As a result, the export price attained the peak level of $19,314 per kg, and then declined significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($19,111,231 per ton), while the average price for exports to Free Zones ($1,122,166 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 Curacao (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Panama
In 2022, imports of non-silver precious metal jewelry into Panama totaled 1.1 tons, with an increase of 3.7% compared with the year before. The total import volume increased at an average annual rate of +3.7% over the period from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-silver precious metal jewelry imports skyrocketed to $10M in 2022. In general, total imports indicated a significant increase from 2021 to 2022: its value increased at an average annual rate of +52.5% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Silver Precious Metal Jewelry in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Italy | 2.7 | 4.0 | 48.1% | ||
| United States | 2.8 | 3.0 | 7.1% | ||
| Thailand | N/A | 2.1 | 0% | ||
| France | N/A | 0.2 | 0% | ||
| Free Zones | 0.2 | 0.2 | 0.0% | ||
| Spain | 0.2 | 0.2 | 0.0% | ||
| India | 0.1 | 0.1 | 0.0% | ||
| China | 0.1 | 0.1 | 0.0% | ||
| Others | 0.3 | 0.2 | -33.3% | ||
| Total | 6.6 | 10.1 | 53.0% | ||
Top Suppliers of Non-Silver Precious Metal Jewelry to Panama in 2022:
- United States (393.0 kg)
- Italy (294.0 kg)
- Thailand (138.0 kg)
- Spain (105.0 kg)
- France (60.0 kg)
- China (48.0 kg)
- Free Zones (29.0 kg)
- India (18.0 kg)
Exports of Non-Silver Precious Metal Jewelry in Panama
After two years of decline, shipments abroad of non-silver precious metal jewelry increased by 23% to 1.5 tons in 2022. In general, exports, however, showed a abrupt contraction.
In value terms, non-silver precious metal jewelry exports dropped to $22M in 2022. Over the period under review, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 26%.
| Export of Non-Silver Precious Metal Jewelry in Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 11.4 | 3.1 | 8.6 | 7.7 | -12.3% |
| Cuba | 4.4 | 2.8 | 3.2 | 2.9 | -13.0% |
| Bolivia | 1.9 | 1.1 | 1.9 | 1.7 | -3.6% |
| United States | 1.1 | 3.2 | 1.5 | 1.4 | 8.4% |
| Chile | 1.5 | 2.2 | 1.5 | 1.3 | -4.7% |
| Ecuador | 1.3 | 1.0 | 1.3 | 1.2 | -2.6% |
| Italy | 2.4 | 0.4 | 1.2 | 1.1 | -22.9% |
| Guatemala | 1.1 | 1.5 | 0.8 | 0.8 | -10.1% |
| Peru | 0.8 | 0.3 | 0.6 | 0.6 | -9.1% |
| Costa Rica | 0.5 | 0.7 | 0.5 | 0.4 | -7.2% |
| Paraguay | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| Turkey | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Free Zones | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Others | 1.7 | 2.3 | 2.0 | 1.7 | 0.0% |
| Total | 29.0 | 19.2 | 24.1 | 21.7 | -9.2% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Panama in 2022:
- Colombia (479.0 kg)
- Cuba (190.0 kg)
- Free Zones (151.0 kg)
- Bolivia (123.0 kg)
- United States (95.0 kg)
- Chile (92.0 kg)
- Italy (77.0 kg)
- Ecuador (75.0 kg)
- Guatemala (50.0 kg)
- Peru (32.0 kg)
- Paraguay (28.0 kg)
- Costa Rica (26.0 kg)
- Turkey (19.0 kg)
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