Price for Silver Compounds; Excluding Silver Nitrates in Panama - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Panama (CIF) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in Panama
Price for Silver Compounds; Excluding Silver Nitrates in Panama (CIF) - 2022
The average import price for silver compounds; excluding silver nitrateses stood at $91,320 per ton in 2022, surging by 2.2% against the previous year. In general, the import price continues to indicate a temperate increase. The pace of growth was the most pronounced in 2020 an increase of 550%. As a result, import price reached the peak level of $886,000 per ton. From 2021 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 India ($473,000 per ton), while the price for the United States ($54,136 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+40.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Silver Compounds; Excluding Silver Nitrates in Panama
For the fourth consecutive year, Panama recorded growth in purchases abroad of silver compounds; excluding silver nitrateses, which increased by 213% to 25 kg in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver compounds; excluding silver nitrates imports skyrocketed to $2.3K in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 550%. As a result, imports reached the peak of $5.3K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Silver Compounds; Excluding Silver Nitrates in Panama (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 192 | 316 | 413 | 1,191 | 83.7% |
| Germany | 384 | 243 | 133 | 619 | 17.3% |
| India | 226 | 193 | 169 | 473 | 27.9% |
| Brazil | 16.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 4,564 | N/A | N/A | 0% |
| Total | 818 | 5,316 | 715 | 2,283 | 40.8% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Panama in 2022:
- United States (22.0 kg)
- Germany (2.0 kg)
- India (1.0 kg)
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