Price for Precious Metal-Clad Jewelry of Base Metals in Colombia - 2022
Contents:
- Price for Precious Metal-Clad Jewelry of Base Metals in Colombia (CIF) - 2022
- Price for Precious Metal-Clad Jewelry of Base Metals in Colombia (FOB) - 2022
- Imports of Precious Metal-Clad Jewelry of Base Metals in Colombia
- Exports of Precious Metal-Clad Jewelry of Base Metals in Colombia
Price for Precious Metal-Clad Jewelry of Base Metals in Colombia (CIF) - 2022
In February 2022, the average import price for base metal jewelry clad with precious metals amounted to $418K per ton, declining by -77% against the previous month. Over the period under review, the import price, however, continues to indicate a mild expansion. The pace of growth was the most pronounced in July 2021 an increase of 356% against the previous month. The import price peaked at $1.8M per ton in January 2022, and then reduced notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was China ($4.4M per ton), while the price for Brazil ($122K per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Precious Metal-Clad Jewelry of Base Metals in Colombia (FOB) - 2022
The average export price for base metal jewelry clad with precious metals stood at $648,000 per ton in 2022, growing by 504% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +65.7% per year.
Imports of Precious Metal-Clad Jewelry of Base Metals in Colombia
In 2022, imports of base metal jewelry clad with precious metals into Colombia declined significantly to 8.4 tons, which is down by -31.8% compared with the previous year. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 563% against the previous year. As a result, imports reached the peak of 12 tons, and then plummeted in the following year.
In value terms, imports of base metal jewelry clad with precious metals contracted notably to $1.3M in 2022. Overall, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 398% against the previous year. As a result, imports attained the peak of $2.1M, and then contracted sharply in the following year.
| Import of Precious Metal-Clad Jewelry of Base Metals in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,009 | 133 | 634 | 590 | -16.4% |
| Brazil | 474 | 159 | 279 | 402 | -5.3% |
| China | 141 | 34.2 | 235 | 232 | 18.1% |
| Vietnam | N/A | N/A | 98.1 | 12.0 | -87.8% |
| Peru | N/A | 64.6 | 716 | 5.0 | -72.2% |
| Others | 92.5 | 27.5 | 121 | 73.6 | -7.3% |
| Total | 1,717 | 418 | 2,084 | 1,316 | -8.5% |
Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to Colombia in 2022:
- Brazil (4.4 tons)
- China (2.8 tons)
- Thailand (0.9 tons)
- Vietnam (0.1 tons)
Exports of Precious Metal-Clad Jewelry of Base Metals in Colombia
In 2022, after three years of growth, there was significant decline in overseas shipments of base metal jewelry clad with precious metals, when their volume decreased by 99.9% to 1 kg. Over the period under review, exports recorded a dramatic decline. The pace of growth appeared the most rapid in 2020 when exports increased by 921%.
In value terms, exports of base metal jewelry clad with precious metals contracted markedly to $648 in 2022. Overall, exports faced a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 5,201% against the previous year.
| Export of Precious Metal-Clad Jewelry of Base Metals in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 226 | 0.6 | -99.7% |
| Costa Rica | N/A | 0.6 | N/A | N/A | 0% |
| United Arab Emirates | N/A | 2.2 | 2.0 | N/A | -9.1% |
| Italy | N/A | N/A | 4.3 | N/A | 0% |
| Others | 1.4 | 68.8 | N/A | N/A | 4814.3% |
| Total | 1.4 | 71.6 | 232 | 0.6 | -24.6% |
Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from Colombia in 2022:
- United States (1.0 kg)
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