Price for Metals; Platinum, Unwrought or in Powder Form in Colombia - 2022

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Colombia (FOB) - 2022
2. Price for Metals; Platinum, Unwrought or in Powder Form in Colombia (CIF) - 2022
3. Exports of Metals; Platinum, Unwrought or in Powder Form in Colombia
4. Imports of Metals; Platinum, Unwrought or in Powder Form in Colombia

Price for Metals; Platinum, Unwrought or in Powder Form in Colombia (FOB) - 2022

In February 2022, the average export price for metals; platinum, unwrought or in powder forms amounted to $31.7M per ton, with an increase of 19% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $33.2M per ton in April 2021; afterwards, it flattened through to February 2022.

Average prices varied noticeably for the major foreign markets. In February 2022, the country with the highest price was the United States ($32.7M per ton), while the average price for exports to Italy ($27.8M per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Metals; Platinum, Unwrought or in Powder Form in Colombia (CIF) - 2022

In 2022, the average import price for metals; platinum, unwrought or in powder forms amounted to $12,079,000 per ton, surging by 40% against the previous year. Overall, the import price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2015 an increase of 713%. The import price peaked at $18,176,000 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($23,440,000 per ton), while the price for Italy totaled $4,505,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+37.7%).

Exports of Metals; Platinum, Unwrought or in Powder Form in Colombia

For the fourth year in a row, Colombia recorded growth in shipments abroad of metals; platinum, unwrought or in powder forms, which increased by 19% to 862 kg in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 213%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of metals; platinum, unwrought or in powder forms expanded significantly to $23M in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 225%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Colombia in 2022:

1. United States (597.0 kg)
2. Free Zones (165.0 kg)
3. Italy (92.0 kg)
4. France (6.0 kg)
5. Switzerland (2.0 kg)

Imports of Metals; Platinum, Unwrought or in Powder Form in Colombia

After three years of growth, overseas purchases of metals; platinum, unwrought or in powder forms decreased by -37.5% to 5 kg in 2022. In general, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 133% against the previous year.

In value terms, imports of metals; platinum, unwrought or in powder forms fell to $60K in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 832%.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Colombia in 2022:

1. Italy (3.0 kg)
2. United States (2.0 kg)

Source: IndexBox Market Intelligence Platform