Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Colombia - 2022

Contents:

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

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

The average import price for statuettes and other ornaments; of base metal plated with precious metals stood at $677 per ton in February 2022, with a decrease of -28.3% against the previous month. Overall, the import price, however, showed moderate growth. The most prominent rate of growth was recorded in March 2021 an increase of 160% month-to-month. As a result, import price attained the peak level of $1,106 per ton. From April 2021 to February 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From February 2021 to February 2022, the rate of growth in terms of prices for China amounted to +3.9% per month.

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

The average export price for statuettes and other ornaments; of base metal plated with precious metals stood at $12,917 per ton in 2022, declining by -38.9% against the previous year. Overall, the export price saw a slight decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 63%. As a result, the export price reached the peak level of $23,451 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($17,652 per ton), while the average price for exports to Panama ($10,045 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 the United States (+7.8%), 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 Colombia

After three years of growth, supplies from abroad of statuettes and other ornaments; of base metal plated with precious metals decreased by -22.5% to 416 tons in 2022. In general, imports recorded a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. As a result, imports reached the peak of 537 tons, and then fell dramatically in the following year.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals reduced rapidly to $1.6M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 34%.

Import of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,1031,5241,7911,4609.8%
India99.688.817383.3-5.8%
Others48.160.439.949.61.0%
Total1,2511,6732,0031,5938.4%

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

  1. China (406.8 tons)
  2. India (7.0 tons)

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

For the third consecutive year, Colombia recorded decline in overseas shipments of statuettes and other ornaments; of base metal plated with precious metals, which decreased by -21.7% to 629 kg in 2022. In general, exports faced a dramatic descent.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals reduced sharply to $8.1K in 2022. Over the period under review, exports showed a sharp reduction. The smallest decline of -33.2% was in 2021.

Export of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A5.40%
Costa Rica4.010.65.42.0-20.6%
Panama32.22.21.70.7-72.1%
Ecuador5.9N/A0.2N/A-81.6%
Guatemala26.1N/A0.2N/A-91.2%
Mexico6.3N/AN/AN/A0%
Honduras3.79.72.3N/A-21.2%
Others1.03.17.1N/A166.5%
Total79.325.417.08.1-53.3%

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

  1. United States (446.0 kg)
  2. Costa Rica (115.0 kg)
  3. Panama (67.0 kg)

Source: IndexBox Market Intelligence Platform

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