Report Update Nov 1, 2024

Colombia - Silver Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Silver Nitrate Market 2024

Silver Nitrate Market Size in Colombia

After four years of growth, the Colombian silver nitrate market decreased by -91.1% to $X in 2021. In general, consumption, however, enjoyed a strong expansion. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Silver Nitrate Exports

Exports from Colombia

In 2021, silver nitrate exports from Colombia stood at X kg, leveling off at the year before. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 200%. The exports peaked at X kg in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, silver nitrate exports expanded rapidly to $X in 2021. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 173%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X kg) was the main destination for silver nitrate exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to -14.6%.

In value terms, Mexico ($X) also remains the key foreign market for silver nitrate exports from Colombia.

From 2012 to 2021, the average annual growth rate of value to Mexico stood at -4.8%.

Export Prices by Country

In 2021, the average silver nitrate export price amounted to $X per ton, picking up by 6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 76% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +41.3% per year.

Silver Nitrate Imports

Imports into Colombia

In 2021, after four years of growth, there was significant decline in overseas purchases of silver nitrate, when their volume decreased by -91% to X kg. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 282% against the previous year. As a result, imports reached the peak of X tons, and then fell sharply in the following year.

In value terms, silver nitrate imports declined rapidly to $X in 2021. In general, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2020 when imports increased by 339% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2021, the Netherlands (X kg) constituted the largest silver nitrate supplier to Colombia, accounting for a 33% share of total imports. Moreover, silver nitrate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X kg), fourfold. Germany (X kg) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Germany (+10.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of silver nitrate to Colombia, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 3% share of total imports. It was followed by Spain, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.5% per year) and Spain (-3.9% per year).

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2021, picking up by 7.5% against the previous year. Overall, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 64%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+672.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver nitrate in the world?

The countries with the highest volumes of silver nitrate consumption in 2021 were the Netherlands, Germany and South Africa, with a combined 41% share of global consumption. France, the Czech Republic, Poland, Italy, Spain, Canada, Turkey, Brazil, India and Saudi Arabia lagged somewhat behind, together accounting for a further 46%.

What are the largest producers of silver nitrate in the world?

The countries with the highest volumes of silver nitrate production in 2021 were the UK, Germany and Belgium, together accounting for 64% of global production. These countries were followed by South Africa, the United States, France, Italy and Brazil, which together accounted for a further 27%.

What are the leading suppliers of silver nitrate to Colombia?

In value terms, the Netherlands constituted the largest supplier of silver nitrate to Colombia, comprising 74% of total imports. The second position in the ranking was occupied by Peru, with a 13% share of total imports. It was followed by Germany, with a 6.9% share.

What are the leading importers of silver nitrate from Colombia?

In value terms, Mexico remains the key foreign market for silver nitrate exports from Colombia.

What is the average export price for silver nitrate in Colombia?

The average silver nitrate export price stood at $439,669 per ton in 2021, with a decrease of -23.1% against the previous year.

What is the average import price for silver nitrate in Colombia?

In 2021, the average silver nitrate import price amounted to $219,753 per ton, growing by 14% against the previous year.

This report provides an in-depth analysis of the silver nitrate market 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 20135183 - Silver nitrate

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