Colombia: Market for Precious Metal-Clad Goldsmiths Articles of Base Metals 2024

Market Size for Precious Metal-Clad Goldsmiths Articles of Base Metals in Colombia

In 2022, the Colombian market for precious metal-clad goldsmiths articles of base metals decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption showed a noticeable downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Precious Metal-Clad Goldsmiths Articles of Base Metals in Colombia

In value terms, production of precious metal-clad goldsmiths articles of base metals stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports from Colombia

In 2022, overseas shipments of precious metal-clad goldsmiths articles of base metals increased by X% to X kg, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a sharp shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of precious metal-clad goldsmiths articles of base metals expanded notably to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) and Canada (X kg) were the main destinations of exports of precious metal-clad goldsmiths articles of base metals 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 the Netherlands (with a CAGR of X%).

In value terms, the largest markets for precious metal-clad goldsmiths article of base metals exported from Colombia were the Netherlands ($X) and Canada ($X).

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average export price for precious metal-clad goldsmiths articles of base metals stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports into Colombia

In 2022, imports of precious metal-clad goldsmiths articles of base metals into Colombia fell sharply to X kg, with a decrease of X% compared with the previous year's figure. Over the period under review, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of precious metal-clad goldsmiths articles of base metals contracted rapidly to $X in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

France (X kg), China (X kg) and Italy (X kg) were the main suppliers of imports of precious metal-clad goldsmiths articles of base metals to Colombia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, France ($X), Italy ($X) and China ($X) appeared to be the largest precious metal-clad goldsmiths article of base metals suppliers to Colombia.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for precious metal-clad goldsmiths articles of base metals stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price, however, recorded moderate growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :