Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American market for articles of goldsmiths’ wares of base metal clad with precious metal fell to $X in 2022, declining by -1.7% against the previous year. In general, consumption, however, posted a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Latin America and the Caribbean

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 52% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports in Latin America and the Caribbean

In 2022, shipments abroad of articles of goldsmiths’ wares of base metal clad with precious metal was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a sharp contraction. The most prominent rate of growth was recorded in 2017 with an increase of 337%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal surged to $X in 2022. In general, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 291% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Brazil (X kg), Argentina (X kg), Peru (X kg), Colombia (X kg) and Bolivia (X kg), together resulting at 92% of total export. The following exporters - Barbados (X kg) and Panama (X kg) - together made up 5.3% of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +15.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X) remains the largest precious metal-clad goldsmiths ware articles of base metals supplier in Latin America and the Caribbean, comprising 60% of total exports. The second position in the ranking was held by Argentina ($X), with a 15% share of total exports. It was followed by Peru, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled +25.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-10.1% per year) and Peru (-21.6% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the export price saw pronounced growth. The growth pace was the most rapid in 2015 an increase of 338%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+14.3%), while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2022, after two years of decline, there was significant growth in purchases abroad of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume increased by 11% to X tons. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 31%. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal expanded modestly to $X in 2022. In general, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2018 when imports increased by 36% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Guatemala (X tons), distantly followed by Peru (X kg), Panama (X kg), Ecuador (X kg) and Haiti (X kg) represented the main importers of articles of goldsmiths’ wares of base metal clad with precious metal, together comprising 72% of total imports. The Dominican Republic (X kg), Bolivia (X kg), Paraguay (X kg), Brazil (X kg), El Salvador (X kg), Venezuela (X kg) and Barbados (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Haiti (with a CAGR of +53.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest precious metal-clad goldsmiths ware articles of base metals importing markets in Latin America and the Caribbean were Guatemala ($X), Panama ($X) and Haiti ($X), with a combined 50% share of total imports.

Among the main importing countries, Haiti, with a CAGR of +36.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by -7.1% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for articles of goldsmiths’ wares of base metal clad with precious metal increased by +44.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 50%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Barbados ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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