Argentina: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Argentina

The Argentinian colloidal precious metals market amounted to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Colloidal precious metals consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Colloidal Precious Metals Production in Argentina

In value terms, colloidal precious metals production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Colloidal Precious Metals Exports

Exports from Argentina

In 2022, the amount of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exported from Argentina dropped to X tons, standing approx. at the year before. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, colloidal precious metals exports contracted slightly to $X in 2022. In general, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined slightly in the following year.

Exports by Country

The United States (X kg) was the main destination for colloidal precious metals exports from Argentina, with a X% share of total exports. Moreover, colloidal precious metals exports to the United States exceeded the volume sent to the second major destination, India (X kg), threefold. The third position in this ranking was held by Brazil (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Brazil (X% per year).

In value terms, the United States ($X), India ($X) and Brazil ($X) were the largest markets for colloidal precious metals exported from Argentina worldwide, with a combined X% share of total exports. Japan, China, Germany and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X%, saw 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 2022, the average colloidal precious metals export price amounted to $X per kg, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price 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, colloidal precious metals export price increased by X% against 2013 indices. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per kg, leveling off in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per kg), while the average price for exports to the United States ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Colloidal Precious Metals Imports

Imports into Argentina

In 2022, overseas purchases of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, colloidal precious metals imports declined to $X in 2022. Overall, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of colloidal precious metals to Argentina, with a X% share of total imports. Moreover, colloidal precious metals imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X kg), twofold. The United States (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United States (X% per year).

In value terms, India ($X), Brazil ($X) and the UK ($X) appeared to be the largest colloidal precious metals suppliers to Argentina, together accounting for X% of total imports. The United States and Switzerland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Switzerland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average colloidal precious metals import price stood at $X per kg in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The import price peaked at $X per kg in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 UK ($X per kg), while the price for Switzerland ($X per kg) was amongst the lowest.

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 a decline.

Source: IndexBox Platform

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