Colombia: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in Colombia

The Colombian market for non-silver precious metal non-jewelry articles reached $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, saw a notable expansion. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Non-Silver Precious Metal Non-Jewelry Articles in Colombia

In value terms, non-silver precious metal non-jewelry article production rose rapidly to $X in 2022 estimated in export price. Overall, production saw a mild decline. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports from Colombia

Non-silver precious metal non-jewelry article exports from Colombia dropped markedly to X kg in 2022, shrinking by X% on the previous year's figure. Over the period under review, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X kg in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article exports soared to $X in 2022. Overall, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nicaragua (X kg), Panama (X kg) and Costa Rica (X kg) were the main destinations of non-silver precious metal non-jewelry article exports from Colombia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nicaragua (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Panama ($X) remains the key foreign market for non-silver precious metal non-jewelry articles exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Nicaragua (X% per year).

Export Prices by Country

The average export price for non-silver precious metal non-jewelry articles stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X,200 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Nicaragua ($X 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 Costa Rica (X%).

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports into Colombia

Non-silver precious metal non-jewelry article imports into Colombia contracted significantly to X kg in 2022, which is down by X% against the year before. Over the period under review, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X kg in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article imports declined dramatically to $X in 2022. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X kg) and France (X kg) were the main suppliers of non-silver precious metal non-jewelry article imports to Colombia.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) constituted the largest supplier of non-silver precious metal non-jewelry articles to Colombia, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%.

Import Prices by Country

The average import price for non-silver precious metal non-jewelry articles stood at $X per kg in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per kg in 2012; however, from 2013 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 ($X per kg), while the price for France stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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