Price for Metals; Silver, Unwrought, (But Not Powder) in Colombia - 2022

Contents:

  1. Price for Metals; Silver, Unwrought, (But Not Powder) in Colombia (FOB) - 2022
  2. Price for Metals; Silver, Unwrought, (But Not Powder) in Colombia (CIF) - 2022
  3. Exports of Metals; Silver, Unwrought, (But Not Powder) in Colombia
  4. Imports of Metals; Silver, Unwrought, (But Not Powder) in Colombia

Price for Metals; Silver, Unwrought, (But Not Powder) in Colombia (FOB) - 2022

The average export price for metals; silver, unwrought, (but not powder) stood at $660K per ton in February 2022, growing by 2.2% against the previous month. Overall, the export price, however, showed a slight decrease. The pace of growth was the most pronounced in August 2021 when the average export price increased by 13% m-o-m. As a result, the export price attained the peak level of $881K per ton. From September 2021 to February 2022, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In February 2022, the highest price was recorded for prices to Chile ($780K per ton) and Uruguay ($745K per ton), while the average price for exports to Free Zones ($600K per ton) and the United States ($660K per ton) were amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Metals; Silver, Unwrought, (But Not Powder) in Colombia (CIF) - 2022

In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $693,149 per ton, waning by -7.7% against the previous year. Overall, the import price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 51% against the previous year. The import price peaked at $751,075 per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($1,141,189 per ton), while the price for Italy ($38,703 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+30.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Metals; Silver, Unwrought, (But Not Powder) in Colombia

Exports of metals; silver, unwrought, (but not powder) from Colombia shrank modestly to 6.5 tons in 2022, waning by -2.6% on 2021 figures. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 76%.

In value terms, exports of metals; silver, unwrought, (but not powder) fell to $4.4M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 85%. As a result, the exports attained the peak of $5.1M, and then declined in the following year.

Export of Metals; Silver, Unwrought, (But Not Powder) in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2297051,9872,021106.7%
Australia55458.41,02594219.4%
Chile1,8044701,172604-30.6%
Italy15.7199311294165.6%
Free Zones12.2379286256175.8%
Uruguay13715224125122.4%
Spain1,335N/A2.71.6-89.4%
United Arab Emirates199745N/AN/A274.4%
Others13574.51127.4-62.0%
Total4,4192,7835,1374,377-0.3%

Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Colombia in 2022:

  1. United States (2898.0 kg)
  2. Australia (1500.0 kg)
  3. Chile (913.0 kg)
  4. Free Zones (405.0 kg)
  5. Uruguay (401.0 kg)
  6. Italy (358.0 kg)
  7. Spain (2.0 kg)

Imports of Metals; Silver, Unwrought, (But Not Powder) in Colombia

In 2022, approx. 1.2 tons of metals; silver, unwrought, (but not powder) were imported into Colombia; which is down by -85.8% on 2021 figures. Overall, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 170%. As a result, imports reached the peak of 8.3 tons, and then fell dramatically in the following year.

In value terms, imports of metals; silver, unwrought, (but not powder) reduced remarkably to $813K in 2022. Over the period under review, imports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2021 when imports increased by 193% against the previous year. As a result, imports attained the peak of $6.2M, and then contracted notably in the following year.

Import of Metals; Silver, Unwrought, (But Not Powder) in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3,2051,8945,948725-39.1%
Mexico10517622560.5-16.8%
BrazilN/AN/A17.318.99.2%
Italy14.711.730.36.4-24.2%
China8.20.4N/A2.8-30.1%
Peru19844.0N/AN/A-77.8%
OthersN/AN/AN/AN/A0%
Total3,5302,1266,221813-38.7%

Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Colombia in 2022:

  1. United States (738.0 kg)
  2. Brazil (171.0 kg)
  3. Italy (165.0 kg)
  4. Mexico (53.0 kg)
  5. China (46.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Metals; silver, unwrought, (but not powder) - Colombia