Colombia: Silversmiths Ware Market 2022

Silversmiths Ware Exports

Exports from Colombia

Silversmiths ware exports from Colombia surged to X kg in 2021, picking up by X% compared with the previous year. Over the period under review, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, silversmiths ware exports soared to $X in 2021. In general, exports, however, showed a deep reduction. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for silversmiths ware exports from Colombia, accounting for a X% share of total exports. Moreover, silversmiths ware exports to the United States exceeded the volume sent to the second major destination, Mexico (X kg), eightfold. Honduras (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Honduras (-X% per year).

In value terms, the United States ($X) remains the key foreign market for silversmiths ware exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and Switzerland (+X% per year).

Export Prices by Country

In 2021, the average silversmiths ware export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% year-to-year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 Honduras (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Silversmiths Ware Imports

Imports into Colombia

In 2021, the amount of articles of goldsmiths’ or silversmiths’ wares of silver imported into Colombia expanded sharply to X kg, surging by X% compared with the year before. In general, imports, however, continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, silversmiths ware imports contracted sharply to $X in 2021. Overall, imports, however, recorded a dramatic decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X kg), Panama (X kg) and India (X kg) were the main suppliers of silversmiths ware imports to Colombia, with a combined X% share of total imports. These countries were followed by France, the UK, Bolivia, Brazil, Spain, Mexico and Thailand, which together accounted for a further X 2012 to 2021, the biggest increases were in Bolivia (X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest silversmiths ware suppliers to Colombia were Panama ($X), France ($X) and Spain ($X), with a combined X% share of total imports. China, India, the UK, Thailand, Bolivia, Brazil and Mexico lagged somewhat behind, together comprising a further X, with a CAGR of -X%, saw 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 a decline.

Import Prices by Country

The average silversmiths ware import price stood at $X per ton in 2021, declining by -X% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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