Report Update: May 1, 2024

Colombia - Gold, in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights

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Semi-Manufactured Gold Price in Colombia - 2022

Semi-Manufactured Gold Price in Colombia (FOB) - 2022

The average semi-manufactured gold export price stood at $52.4M per ton in February 2022, approximately mirroring the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2021 an increase of 5.4% month-to-month. The export price peaked at $54.3M per ton in June 2021; afterwards, it flattened through to February 2022.

Average prices varied noticeably for the major external markets. In February 2022, the country with the highest price was the United States ($53.4M per ton), while the average price for exports to Switzerland totaled $51.5M per ton.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%).

Semi-Manufactured Gold Price in Colombia (CIF) - 2022

The average semi-manufactured gold import price stood at $4,690,500 per ton in 2022, which is down by -14.1% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 606%. The import price peaked at $12,005,833 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,547,167 per ton), while the price for Spain ($184,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+33.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Semi-Manufactured Gold Exports in Colombia

In 2022, overseas shipments of gold, in semi-manufactured forms were finally on the rise to reach 2.9 tons after two years of decline. In general, exports, however, recorded a deep contraction.

In value terms, semi-manufactured gold exports stood at $135M in 2022. The total export value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $135M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Semi-Manufactured Gold in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	78.1	101	122	121	15.7%
United States	2.1	3.4	2.9	3.3	16.3%
Belgium	7.9	4.3	2.9	2.4	-32.8%
Italy	0.9	1.3	1.9	2.1	32.6%
Spain	6.6	19.5	0.9	0.8	-50.5%
Others	3.3	5.2	4.3	5.1	15.6%
Total	99.0	135	135	135	10.9%

Top Export Markets for Semi-Manufactured Gold from Colombia in 2022:

Switzerland (2616.0 kg)
United States (60.0 kg)
Italy (52.0 kg)
Belgium (48.0 kg)
Spain (14.0 kg)

Semi-Manufactured Gold Imports in Colombia

Semi-manufactured gold imports into Colombia surged to 10 kg in 2022, growing by 67% on 2021 figures. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 100%. As a result, imports reached the peak of 12 kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, semi-manufactured gold imports soared to $47K in 2022. Overall, imports, however, saw a abrupt decline.

Import of Semi-Manufactured Gold in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	3.7	27.4	3.7	39.3	119.8%
Germany	1.2	9.4	0.2	5.3	64.1%
Italy	2.1	2.8	27.6	1.7	-6.8%
France	0.5	1.5	0.7	0.4	-7.2%
Spain	0.6	1.5	0.6	0.2	-30.7%
United Kingdom	N/A	18.5	N/A	N/A	0%
Canada	35.1	N/A	N/A	N/A	0%
Others	28.8	N/A	N/A	N/A	0%
Total	72.0	61.1	32.7	46.9	-13.3%

Top Suppliers of Semi-Manufactured Gold to Colombia in 2022:

United States (6.0 kg)
Germany (1.0 kg)
Italy (1.0 kg)
Spain (1.0 kg)
France (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the semi-manufactured gold market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023