Metals; Platinum, Semi-Manufactured Price in Colombia - 2022

Metals; Platinum, Semi-Manufactured Price in Colombia (FOB) - 2022

In 2022, the average metals; platinum, semi-manufactured export price amounted to $642,000 per ton, increasing by 3.9% against the previous year. In general, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 740% against the previous year. As a result, the export price reached the peak level of $30,126 per kg. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,610,000 per ton), while the average price for exports to Mexico ($33,000 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 United States (-8.6%), while the prices for the other major destinations experienced a decline.

Metals; Platinum, Semi-Manufactured Price in Colombia (CIF) - 2022

In 2022, the average metals; platinum, semi-manufactured import price amounted to $1,458,600 per ton, waning by -29.1% against the previous year. In general, the import price, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 531% against the previous year. As a result, import price attained the peak level of $7,864 per kg. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,691,000 per ton), while the price for Australia ($13,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+73.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Metals; Platinum, Semi-Manufactured Exports in Colombia

In 2022, overseas shipments of metals; platinum, semi-manufactureds decreased by 0% to 5 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 265%. As a result, the exports reached the peak of 113 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metals; platinum, semi-manufactured exports expanded to $3.2K in 2022. In general, exports faced a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 2,964%. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Metals; Platinum, Semi-Manufactured in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	83.0	24.8	2.4	2.6	-68.5%
Canada	9.8	2.7	0.2	0.3	-68.7%
India	N/A	N/A	0.3	0.2	-33.3%
United Kingdom	13.5	2.7	0.2	0.1	-80.5%
Switzerland	N/A	726	N/A	N/A	0%
Mexico	2.4	0.5	N/A	N/A	-79.2%
Italy	N/A	1,325	N/A	N/A	0%
Others	2.3	1,323	N/A	N/A	57421.7%
Total	111	3,404	3.1	3.2	-69.3%

Top Export Markets for Metals; Platinum, Semi-Manufactured from Colombia in 2022:

United States (1.0 kg)
United Kingdom (1.0 kg)
India (1.0 kg)
Canada (1.0 kg)
Mexico (1.0 kg)

Metals; Platinum, Semi-Manufactured Imports in Colombia

In 2022, the amount of metals; platinum, semi-manufactureds imported into Colombia expanded remarkably to 10 kg, increasing by 11% on the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metals; platinum, semi-manufactured imports contracted sharply to $15K in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 149% against the previous year.

Import of Metals; Platinum, Semi-Manufactured in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	0.5	0.4	0.1	3.7	94.9%
Canada	0.6	1.9	8.1	3.5	80.0%
United Kingdom	N/A	6.3	0.5	2.8	-33.3%
Italy	0.1	0.3	4.8	1.7	157.1%
Brazil	0.2	0.6	2.5	1.1	76.5%
Hong Kong SAR	N/A	N/A	N/A	1.0	0%
Czech Republic	0.1	0.4	1.5	0.5	71.0%
Germany	0.1	0.2	0.7	0.3	44.2%
Switzerland	N/A	0.1	0.3	N/A	200.0%
Australia	N/A	N/A	N/A	N/A	0%
Others	2.8	0.4	N/A	N/A	-85.7%
Total	4.3	10.6	18.5	14.6	50.3%