Asia-Pacific: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Asia-Pacific

The Asia-Pacific colloidal precious metals market contracted to $X in 2023, dropping by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Colloidal Precious Metals Production in Asia-Pacific

In value terms, colloidal precious metals production fell modestly to $X in 2023 estimated in export price. The total production indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Colloidal Precious Metals Exports

Exports in Asia-Pacific

In 2023, overseas shipments of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) were finally on the rise to reach X tons after two years of decline. In general, exports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, colloidal precious metals exports contracted significantly to $X in 2023. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, India (X tons) represented the major exporter of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate), constituting X% of total exports. It was distantly followed by Japan (X tons), Singapore (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons), together constituting a X% share of total exports. Hong Kong SAR (X tons) and South Korea (X tons) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest colloidal precious metals supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by India, with a X% share.

In Japan, colloidal precious metals exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per kg, shrinking by X% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per kg in 2022, and then dropped significantly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Colloidal Precious Metals Imports

Imports in Asia-Pacific

After four years of growth, purchases abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons in 2023. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, colloidal precious metals imports reduced to $X in 2023. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Malaysia dominates imports structure, accounting for X tons, which was near X% of total imports in 2023. India (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), Pakistan (X%) and China (X%). The following importers - Singapore (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to colloidal precious metals imports into Malaysia stood at X%. At the same time, Pakistan (X%), India (X%), Vietnam (X%), Indonesia (X%) and China (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), India (X p.p.), Pakistan (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Singapore saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2023, the average annual growth rate of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per kg in 2023, dropping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per kg in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per kg), while Pakistan ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform