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

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

In 2022, the MERCOSUR market for non-silver precious metal non-jewelry articles decreased by X% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a mild contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, non-silver precious metal non-jewelry article production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021, and then dropped slightly in the following year.

Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports in MERCOSUR

For the fourth year in a row, MERCOSUR recorded growth in overseas shipments of non-silver precious metal non-jewelry articles, which increased by X% to X kg in 2022. Over the period under review, exports recorded prominent growth. Over the period under review, the exports attained the maximum at X kg in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article exports surged to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, amounting to X kg, which was approx. X% of total exports in 2022. Peru (X kg) held a little share of total exports.

Brazil was also the fastest-growing in terms of the non-silver precious metal non-jewelry articles exports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%) displayed positive paces of growth. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest non-silver precious metal non-jewelry article supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports.

In Brazil, non-silver precious metal non-jewelry article exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X,806 per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Peru amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%).

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports in MERCOSUR

In 2022, after two years of decline, there was significant growth in supplies from abroad of non-silver precious metal non-jewelry articles, when their volume increased by X% to X kg. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X kg. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article imports dropped notably to $X in 2022. In general, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of non-silver precious metal non-jewelry article imports in 2022 were Chile (X kg), Ecuador (X kg), Uruguay (X kg) and Guyana (X kg), together resulting at X% of total import. It was distantly followed by Brazil (X kg) and Venezuela (X kg), together generating an X% share of total imports. The following importers - Argentina (X kg) and Colombia (X kg) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guyana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-silver precious metal non-jewelry article importing markets in MERCOSUR were Ecuador ($X), Chile ($X) and Venezuela ($X), with a combined X% share of total imports. Brazil, Argentina, Colombia, Guyana and Uruguay lagged somewhat behind, together comprising a further X%.

Guyana, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per kg in 2022, waning by X% against the previous year. In general, the import price recorded a noticeable curtailment. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per kg in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Venezuela ($X per kg), while Uruguay ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :