Chile: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Chile

The Chilean colloidal precious metals market rose slightly to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a strong expansion 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Colloidal Precious Metals Production in Chile

In value terms, colloidal precious metals production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Colloidal Precious Metals Exports

Exports from Chile

In 2022, shipments abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons, falling for the second consecutive year after six years of growth. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, colloidal precious metals exports rose notably to $X in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for colloidal precious metals exports from Chile, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to X%.

Export Prices by Country

In 2022, the average colloidal precious metals export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to X% per year.

Colloidal Precious Metals Imports

Imports into Chile

In 2022, overseas purchases of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) were finally on the rise to reach X kg after three years of decline. Overall, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, colloidal precious metals imports dropped dramatically to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X kg), Italy (X kg) and India (X kg) were the main suppliers of colloidal precious metals imports to Chile, with a combined X% share of total imports. Germany, China and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest colloidal precious metals suppliers to Chile were Italy ($X), the United States ($X) and China ($X), with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to 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 ton in 2022, which is down by X% against the previous year. In general, the import price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 United States ($X,400 per ton), while the price for Spain ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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