Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Panama - 2023

Contents:

1. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Panama (CIF) - 2022
2. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Panama (FOB) - 2022
3. Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Panama
4. Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Panama

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Panama (CIF) - 2022

The average import price for statuettes and other ornaments; of base metal plated with precious metals stood at $11,321 per ton in 2022, dropping by -35.1% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 58%. Over the period under review, average import prices attained the maximum at $17,455 per ton in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($22,577 per ton), while the price for China ($6,316 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Panama (FOB) - 2022

In 2022, the average export price for statuettes and other ornaments; of base metal plated with precious metals amounted to $13,325 per ton, jumping by 333% against the previous year. In general, the export price recorded prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Guyana ($20,663 per ton), while the average price for exports to Costa Rica ($2,148 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 Colombia (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Panama

In 2022, purchases abroad of statuettes and other ornaments; of base metal plated with precious metals increased by 12% to 9.9 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a sharp contraction.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals reduced remarkably to $112K in 2022. Over the period under review, imports, however, continue to indicate a precipitous contraction. The smallest decline of -21.7% was in 2021.

Top Suppliers of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal to Panama in 2022:

1. Free Zones (4.6 tons)
2. United States (3.1 tons)
3. China (1.3 tons)
4. Mexico (0.3 tons)
5. Colombia (0.3 tons)
6. El Salvador (0.2 tons)

Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Panama

After three years of growth, shipments abroad of statuettes and other ornaments; of base metal plated with precious metals decreased by -67% to 756 kg in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 268%.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals skyrocketed to $10K in 2022. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 318% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal from Panama in 2022:

1. Guyana (424.0 kg)
2. Costa Rica (283.0 kg)
3. Paraguay (40.0 kg)

Source: IndexBox Market Intelligence Platform