Report Update Nov 1, 2024

Colombia - Articles of Goldsmiths’ Wares of Base Metal Clad With Precious Metal - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Market for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal 2024

Market Size for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Colombia

The Colombian market for articles of goldsmiths’ wares of base metal clad with precious metal reached $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, enjoyed strong growth. Consumption of peaked at $X in 2018; afterwards, it flattened through to 2022.

Production of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Colombia

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal totaled $X in 2022 estimated in export price. In general, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Export Prices by Country

In 2022, the average export price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X per ton, shrinking by -5.4% against the previous year. In general, the export price, however, recorded strong growth. The growth pace was the most rapid in 2018 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+20.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Imports into Colombia

In 2022, after two years of growth, there was significant decline in overseas purchases of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume decreased by -50% to X kg. Overall, imports showed a precipitous decrease. The growth pace was the most rapid in 2018 with an increase of 709% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal declined remarkably to $X in 2022. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 683%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Panama (X kg) constituted the largest precious metal-clad goldsmiths ware articles of base metals supplier to Colombia, with a 39% share of total imports. Moreover, imports of articles of goldsmiths’ wares of base metal clad with precious metal from Panama exceeded the figures recorded by the second-largest supplier, China (X kg), threefold. Italy (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Panama stood at -17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.9% per year) and Italy (-15.8% per year).

In value terms, Italy ($X), Panama ($X) and Spain ($X) constituted the largest precious metal-clad goldsmiths ware articles of base metals suppliers to Colombia, together accounting for 45% of total imports.

Italy, with a CAGR of +18.4%, 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 a decline.

Import Prices by Country

The average import price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2022, rising by 21% against the previous year. Overall, the import price showed a significant increase. The growth pace was the most rapid in 2021 an increase of 126% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of goldsmiths’ wares of base metal clad with precious metal in the world?

The countries with the highest volumes of consumption of articles of goldsmiths’ wares of base metal clad with precious metal in 2020 were Italy, China and Romania, together accounting for 43% of global consumption.

What are the largest producers of articles of goldsmiths’ wares of base metal clad with precious metal in the world?

The countries with the highest volumes of production of articles of goldsmiths’ wares of base metal clad with precious metal in 2020 were Italy, China and Romania, with a combined 44% share of global production.

What are the leading suppliers of articles of goldsmiths’ wares of base metal clad with precious metal to Colombia?

In value terms, Italy constituted the largest supplier of ware of metal clad with precious metal to Colombia, comprising 85% of total imports. The second position in the ranking was occupied by France, with a 9.4% share of total imports.

What is the average export price for articles of goldsmiths’ wares of base metal clad with precious metal in Colombia?

The average export price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $28,149 per ton in 2020, growing by 11% against the previous year.

What is the average import price for articles of goldsmiths’ wares of base metal clad with precious metal in Colombia?

The average import price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $131,136 per ton in 2020, jumping by 42% against the previous year.

This report provides an in-depth analysis of the market for precious metal-clad goldsmiths ware articles of base metals in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32121355 - Articles of goldsmiths

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023