Asia-Pacific: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in Asia-Pacific

In 2022, the Asia-Pacific market for non-silver precious metal non-jewelry articles decreased by X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Non-Silver Precious Metal Non-Jewelry Articles in Asia-Pacific

In value terms, non-silver precious metal non-jewelry article production declined remarkably to $X in 2022 estimated in export price. The total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021, and then shrank dramatically in the following year.

Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports in Asia-Pacific

In 2022, non-silver precious metal non-jewelry article exports in Asia-Pacific surged to X tons, increasing by X% on the year before. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article exports surged to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Indonesia (X tons) and China (X tons) represented the main exporters of non-silver precious metal non-jewelry articles in Asia-Pacific, together comprising X% of total exports. Myanmar (X tons) took the next position in the ranking, distantly followed by Thailand (X tons) and Brunei Darussalam (X tons). All these countries together took approx. X% share of total exports. South Korea (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-silver precious metal non-jewelry article supplying countries in Asia-Pacific were Taiwan (Chinese) ($X), China ($X) and Indonesia ($X), with a combined X% share of total exports. South Korea, Myanmar, Thailand and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per kg in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per kg in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per kg), while Brunei Darussalam ($X per kg) was amongst the lowest.

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

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports in Asia-Pacific

In 2022, supplies from abroad of non-silver precious metal non-jewelry articles was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-silver precious metal non-jewelry article imports surged to $X in 2022. Over the period under review, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore (X tons) and Taiwan (Chinese) (X tons) represented roughly X% of total imports in 2022. It was distantly followed by New Zealand (X tons), Hong Kong SAR (X tons), Malaysia (X tons) and South Korea (X tons), together achieving a X% share of total imports. The following importers - Macao SAR (X kg) and Australia (X kg) - each accounted for a X% share of total imports.

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

In value terms, Taiwan (Chinese) ($X), Hong Kong SAR ($X) and New Zealand ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

New Zealand, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 Asia-Pacific stood at $X per kg in 2022, jumping by X% against the previous year. In general, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per kg), while South Korea ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :