Colombia: Gold Ore Market 2020

Gold Ore Market Size in Colombia

The revenue of the gold ore market in Colombia amounted to $X in 2017, picking up by X% against the previous year. Overall, gold ore consumption continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. Over the period under review, the gold ore market reached its maximum level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Gold Ore Production in Colombia

In 2017, production of gold ores and concentrates in Colombia amounted to X tons, approximately mirroring the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when the output figure increased by X% against the previous year. Colombia gold ore production peaked in 2017, and is likely to see steady growth in the immediate term.

Gold Ore Exports from Colombia

In 2017, gold ore exports from Colombia totaled X kg, waning by -X% against the previous year. Overall, gold ore exports continue to indicate a sharp descent. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Over the period under review, the gold ore exports attained its maximum volume of X tons in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

In value terms, gold ore exports stood at $X in 2017. In general, gold ore exports continue to indicate a dramatic deduction. Over the period under review, the gold ore exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Gold Ore Exports by Country from Colombia

Australia represented the main exporter of gold ores and concentrates in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2017. It was distantly followed by Russia (X tons), Turkey (X tons) and Tanzania (X tons), together mixed up X% share of total exports. Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) held the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest gold ore supplier from Colombia, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

In Australia, gold ore exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in Colombia

In 2017, the gold ore export price in Colombia amounted to $X thousand per kg, surging by X% against the previous year. Overall, gold ore export price continues to indicate a pronounced increase. The growth pace was the most rapid in 2010, when the export prices increased by X% year-to-year. Over the period under review, the export prices for gold ores and concentrates reached its maximum level in 2017, and is expected to retain its growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was Tanzania ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Gold Ore Imports into Colombia

In 2017, gold ore imports into Colombia amounted to X kg, dropping by -X% against the previous year. Overall, gold ore imports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2015, when imports increased by -X% against the previous year. Colombia imports peaked of X kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, gold ore imports stood at $X in 2017. Overall, gold ore imports continue to indicate a sharp shrinkage. Colombia imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Gold Ore Imports by Country into Colombia

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) represented the key importers of gold ores and concentrates, together generating X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gold ores and concentrates into Colombia, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in Colombia

In 2017, the gold ore import price in Colombia amounted to $X per ton, stabilizing at the previous year. Overall, gold ore import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, when it surged by X% year-to-year. In that year, the import prices for gold ores and concentrates reached their peak level of $X per ton, leveling off in the following year.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the Philippines ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform