Malaysia - Articles Of Goldsmiths’ Or Silversmiths’ Wares Of Silver - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Malaysia - Articles Of Goldsmiths’ Or Silversmiths’ Wares Of Silver - Market Analysis, Forecast, Size, Trends And Insights

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Price for Silver Goldsmiths Ware Articles in Malaysia - 2021

Contents:

  1. Price for Silver Goldsmiths Ware Articles in Malaysia (CIF) - 2022
  2. Price for Silver Goldsmiths Ware Articles in Malaysia (FOB) - 2022
  3. Imports of Silver Goldsmiths Ware Articles in Malaysia
  4. Exports of Silver Goldsmiths Ware Articles in Malaysia

Price for Silver Goldsmiths Ware Articles in Malaysia (CIF) - 2022

The average silver goldsmiths ware articles import price stood at $853,743 per ton in 2022, declining by -8.2% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silver goldsmiths ware articles import price increased by +12.7% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 107% against the previous year. The import price peaked at $1,272,028 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Sri Lanka ($13,243,600 per ton), while the price for Hong Kong SAR ($145,750 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+104.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silver Goldsmiths Ware Articles in Malaysia (FOB) - 2022

In 2022, the average silver goldsmiths ware articles export price amounted to $1,504,456 per ton, with an increase of 43% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 44% against the previous year. The export price peaked at $1,756,755 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($2,452,000 per ton), while the average price for exports to Brunei Darussalam ($1,000 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 Arab Emirates (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silver Goldsmiths Ware Articles in Malaysia

In 2022, the amount of articles of goldsmiths or silversmiths wares of silver imported into Malaysia fell significantly to 756 kg, shrinking by -26.8% against the previous year. In general, imports, however, showed slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by 137%. As a result, imports attained the peak of 1 tons, and then reduced notably in the following year.

In value terms, silver goldsmiths ware articles imports dropped markedly to $645K in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 192% against the previous year. As a result, imports attained the peak of $961K, and then reduced remarkably in the following year.

Import of Silver Goldsmiths Ware Articles in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sri Lanka11486.825019920.4%
India60.411.519815236.0%
Taiwan (Chinese)52.637.117311529.8%
Lebanon66.735.169.638.2-17.0%
United Kingdom23686.211926.3-51.9%
Singapore70.234.162.724.4-29.7%
France1.16.41.017.5151.5%
China6.28.431.017.441.1%
Australia5.63.79.56.76.2%
Others21.920.347.748.630.4%
Total6343309616450.6%

Top Suppliers of Silver Goldsmiths Ware Articles to Malaysia in 2022:

  1. Taiwan (Chinese) (320.0 kg)
  2. India (148.0 kg)
  3. France (73.0 kg)
  4. Lebanon (56.0 kg)
  5. Singapore (34.0 kg)
  6. China (25.0 kg)
  7. United Kingdom (20.0 kg)
  8. Sri Lanka (15.0 kg)
  9. Australia (12.0 kg)

Exports of Silver Goldsmiths Ware Articles in Malaysia

After two years of decline, shipments abroad of articles of goldsmiths or silversmiths wares of silver increased by 108% to 79 kg in 2022. Over the period under review, exports, however, showed a precipitous shrinkage.

In value terms, silver goldsmiths ware articles exports skyrocketed to $119K in 2022. In general, exports, however, showed a sharp setback.

Export of Silver Goldsmiths Ware Articles in Malaysia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR1.13.319.073.2305.2%
Japan96.282.47.016.1-44.9%
Taiwan (Chinese)11515.06.612.8-51.9%
Saudi Arabia37.732.32.76.3-44.9%
Thailand44.132.92.44.9-51.9%
Argentina12.210.50.92.0-45.3%
United Arab Emirates13.89.00.61.0-58.3%
Qatar2.11.20.10.1-63.8%
Singapore23.03.50.10.1-83.7%
CongoN/A0.1N/AN/A0%
Others10.27.40.72.1-41.0%
Total35519840.1119-30.5%

Top Export Markets for Silver Goldsmiths Ware Articles from Malaysia in 2022:

  1. Hong Kong SAR (33.0 kg)
  2. Japan (12.0 kg)
  3. Taiwan (Chinese) (8.0 kg)
  4. Saudi Arabia (5.0 kg)
  5. Thailand (2.0 kg)
  6. Qatar (1.0 kg)
  7. Singapore (1.0 kg)
  8. United Arab Emirates (1.0 kg)
  9. Argentina (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for silver goldsmiths non-jewelry article in Malaysia. 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 32121351 - Articles of goldsmiths

Country coverage:

  • Malaysia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Malaysia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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