Colombia: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Colombia

The Colombian colloidal precious metals market rose slightly to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a slight shrinkage. Colloidal precious metals consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Colloidal Precious Metals Production in Colombia

In value terms, colloidal precious metals production expanded to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Colloidal precious metals production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Colloidal Precious Metals Exports

Exports from Colombia

In 2022, after three years of decline, there was growth in overseas shipments of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate), when their volume increased by X% to X tons. In general, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, colloidal precious metals exports contracted to $X in 2022. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for colloidal precious metals exports from Colombia, with a X% share of total exports. Moreover, colloidal precious metals exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), fourfold. Guatemala (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, the UK ($X) remains the key foreign market for colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exports from Colombia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by France, with a X% share.

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

Export Prices by Country

The average colloidal precious metals export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mexico ($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 the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Colloidal Precious Metals Imports

Imports into Colombia

After two years of growth, overseas purchases of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced rapidly in the following year.

In value terms, colloidal precious metals imports stood at $X in 2022. In general, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, India (X tons) constituted the largest colloidal precious metals supplier to Colombia, accounting for a X% share of total imports. Moreover, colloidal precious metals imports from India exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. Italy (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 amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Italy (X% per year).

In value terms, Peru ($X) constituted the largest supplier of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) to Colombia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Peru totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

The average colloidal precious metals import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price saw a perceptible expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. 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 the United States ($X,390 per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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