Ecuador: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Ecuador

The Ecuadorian colloidal precious metals market totaled $X in 2023, picking up by X% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Colloidal precious metals consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Colloidal Precious Metals Production in Ecuador

In value terms, colloidal precious metals production expanded to $X in 2023 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Colloidal Precious Metals Exports

Exports from Ecuador

Colloidal precious metals exports from Ecuador declined to X kg in 2023, falling by X% on 2022. Overall, exports recorded a noticeable slump. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, colloidal precious metals exports reduced to $X in 2023. In general, exports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Colombia (X kg) was the main destination for colloidal precious metals exports from Ecuador, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Colombia was relatively modest.

In value terms, Colombia ($X) also remains the key foreign market for colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exports from Ecuador.

From 2012 to 2023, the average annual rate of growth in terms of value to Colombia stood at X%.

Export Prices by Country

The average colloidal precious metals export price stood at $X per kg in 2023, increasing by X% against the previous year. Overall, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per kg in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2023, the rate of growth in terms of prices for Colombia amounted to X% per year.

Colloidal Precious Metals Imports

Imports into Ecuador

In 2023, colloidal precious metals imports into Ecuador reached X kg, picking up by X% compared with the previous year. In general, imports, however, continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, colloidal precious metals imports soared to $X in 2023. Overall, imports, however, saw a deep contraction. Imports peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Peru (X kg) constituted the largest supplier of colloidal precious metals to Ecuador, with a X% share of total imports. Moreover, colloidal precious metals imports from Peru exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), threefold. The third position in this ranking was taken by Argentina (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Peru totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Argentina (X% per year).

In value terms, Colombia ($X), Brazil ($X) and Peru ($X) were the largest colloidal precious metals suppliers to Ecuador, with a combined X% share of total imports. Argentina, Switzerland, France, the United States, China, India, Italy, Germany, Australia and the Netherlands lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average colloidal precious metals import price stood at $X per kg in 2023, picking up by X% against the previous year. Over the period under review, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform