Price for Non-Silver Precious Metal Jewelry in Colombia - 2022
Contents:
- Price for Non-Silver Precious Metal Jewelry in Colombia (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in Colombia (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in Colombia
- Exports of Non-Silver Precious Metal Jewelry in Colombia
Price for Non-Silver Precious Metal Jewelry in Colombia (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $15,815,569 per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 42%. The import price peaked at $27,027,637 per ton in 2012; however, from 2013 to 2022, 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 Panama ($31,596,587 per ton), while the price for China ($2,316,049 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced a decline.
Price for Non-Silver Precious Metal Jewelry in Colombia (FOB) - 2022
The average non-silver precious metal jewelry export price stood at $28,731,107 per ton in 2022, waning by -7.7% against the previous year. Overall, the export price, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 94%. Over the period under review, the average export prices hit record highs at $31,127,501 per ton in 2021, and then declined in the following year.
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 Germany ($42,143,700 per ton), while the average price for exports to Spain ($15,830,133 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 Japan (+43.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in Colombia
In 2022, imports of non-silver precious metal jewelry into Colombia declined rapidly to 1.6 tons, which is down by -30.7% compared with 2021. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 256%. As a result, imports attained the peak of 2.3 tons, and then shrank notably in the following year.
In value terms, non-silver precious metal jewelry imports declined sharply to $25M in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 154% against the previous year. As a result, imports reached the peak of $36M, and then contracted remarkably in the following year.
| Import of Non-Silver Precious Metal Jewelry in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 9.7 | 7.7 | 21.6 | 15.1 | 15.9% |
| Panama | 0.5 | 2.4 | 4.1 | 2.9 | 79.7% |
| India | 0.4 | 0.1 | 1.5 | 1.0 | 35.7% |
| Spain | 1.2 | 0.5 | 1.4 | 1.0 | -5.9% |
| United States | 0.8 | 0.7 | 1.3 | 0.9 | 4.0% |
| China | 0.5 | 0.2 | 1.1 | 0.8 | 17.0% |
| Thailand | 0.7 | 0.6 | 1.2 | 0.8 | 4.6% |
| Switzerland | 0.9 | 0.3 | 0.9 | 0.6 | -12.6% |
| Others | 1.6 | 1.9 | 3.4 | 2.2 | 11.2% |
| Total | 16.2 | 14.3 | 36.4 | 25.4 | 16.2% |
Top Suppliers of Non-Silver Precious Metal Jewelry to Colombia in 2022:
- Italy (545.0 kg)
- China (327.0 kg)
- Thailand (181.0 kg)
- Switzerland (134.0 kg)
- United States (113.0 kg)
- Panama (92.0 kg)
- Spain (69.0 kg)
- India (39.0 kg)
Exports of Non-Silver Precious Metal Jewelry in Colombia
In 2022, overseas shipments of non-silver precious metal jewelry decreased by -18% to 291 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 262%.
In value terms, non-silver precious metal jewelry exports dropped rapidly to $8.4M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 265% against the previous year.
| Export of Non-Silver Precious Metal Jewelry in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.2 | 5.1 | 1.1 | 6.8 | 78.3% |
| Germany | 0.1 | 0.1 | 0.2 | 0.8 | 100.0% |
| Spain | 0.2 | N/A | 0.2 | 0.7 | 51.8% |
| China | N/A | 0.2 | N/A | N/A | 0% |
| Austria | N/A | 0.2 | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 9.4 | N/A | 0% |
| Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Total | 1.6 | 5.7 | 11.1 | 8.4 | 73.8% |
Top Export Markets for Non-Silver Precious Metal Jewelry from Colombia in 2022:
- United States (226.0 kg)
- Spain (45.0 kg)
- Germany (20.0 kg)
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