Report Colombia - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 3, 2023

Colombia - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Market for Precious Metal Ores And Concentrates 2023

Market Size for Precious Metal Ores And Concentrates in Colombia

After three years of growth, the Colombian market for precious metal ores and concentrates decreased by -34.4% to $X in 2021. In general, consumption, however, showed significant growth. Precious metal ore and concentrate consumption peaked at $X in 2020, and then dropped sharply in the following year.

Production of Precious Metal Ores And Concentrates in Colombia

In value terms, precious metal ore and concentrate production fell notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 88%. Precious metal ore and concentrate production peaked at $X in 2020, and then fell significantly in the following year.

Exports of Precious Metal Ores And Concentrates

Exports from Colombia

In 2021, shipments abroad of precious metal ores and concentrates increased by 104% to X tons, rising for the sixth year in a row after three years of decline. In general, exports recorded a temperate increase. The pace of growth was the most pronounced in 2017 with an increase of 351% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, precious metal ore and concentrate exports surged to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 416%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for precious metal ore and concentrate exports from Colombia, accounting for a 76% share of total exports. Moreover, precious metal ore and concentrate exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+170.2% per year) and the United Arab Emirates (0.0% per year).

In value terms, the largest markets for precious metal ore and concentrate exported from Colombia were China ($X), India ($X) and the United Arab Emirates ($X), together accounting for 82% of total exports.

Among the main countries of destination, China, with a CAGR of +106.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for precious metal ores and concentrates amounted to $X per ton, growing by 34% against the previous year. Overall, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 74%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+98.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Precious Metal Ores And Concentrates

Imports into Colombia

In 2021, purchases abroad of precious metal ores and concentrates decreased by -2.1% to X kg, falling for the second year in a row after three years of growth. Overall, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2019 when imports increased by 447% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate imports fell to $X in 2021. In general, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 652% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest supplier of precious metal ore and concentrate to Colombia, accounting for a 82% share of total imports. Moreover, precious metal ore and concentrate imports from China exceeded the figures recorded by the second-largest supplier, Canada (X kg), sevenfold. The third position in this ranking was taken by New Zealand (X kg), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +89.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-4.0% per year) and New Zealand (-22.1% per year).

In value terms, the United States ($X) constituted the largest supplier of precious metal ore and concentrate to Colombia, comprising 94% of total imports. The second position in the ranking was taken by Canada ($X), with a 2.4% share of total imports. It was followed by New Zealand, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-9.0% per year) and New Zealand (-27.3% per year).

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2021, which is down by -9% against the previous year. Over the period under review, the import price, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 113% against the previous year. The import price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+96.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for precious metal ores and concentrates in the world?
+
China remains the largest precious metal ore and concentrate consuming country worldwide, accounting for 30% of total volume. Moreover, precious metal ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, sevenfold. Kyrgyzstan ranked third in terms of total consumption with a 4.3% share.
What are the largest producers of precious metal ores and concentrates in the world?
+
The countries with the highest volumes of production in 2021 were Kyrgyzstan, Peru and Australia, together comprising 20% of global production. These countries were followed by Russia, the United States, Brazil, India, Indonesia, Pakistan, Mexico, Bangladesh, Ecuador and Turkey, which together accounted for a further 37%.
What are the leading suppliers of precious metal ores and concentrates to Colombia?
+
In value terms, the United States constituted the largest supplier of precious metal ore and concentrate to Colombia, comprising 94% of total imports. The second position in the ranking was held by Canada $883), with a 2.4% share of total imports. It was followed by New Zealand, with a 1.8% share.
What are the leading importers of precious metal ores and concentrates from Colombia?
+
In value terms, China, India and the United Arab Emirates constituted the largest markets for precious metal ore and concentrate exported from Colombia worldwide, together comprising 82% of total exports.
What is the average export price for precious metal ores and concentrates in Colombia?
+
In 2021, the average export price for precious metal ores and concentrates amounted to $5,101 per ton, jumping by 34% against the previous year.
What is the average import price for precious metal ores and concentrates in Colombia?
+
The average import price for precious metal ores and concentrates stood at $90,287 per ton in 2021, dropping by -9% against the previous year.

This report provides an in-depth analysis of the market for precious metal ore and concentrate 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 07291400 - Precious metal ores and concentrates
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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