Australia: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in Australia

The Australian market for non-silver precious metal non-jewelry articles soared to $X in 2022, jumping by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Non-silver precious metal non-jewelry article consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Silver Precious Metal Non-Jewelry Articles in Australia

In value terms, non-silver precious metal non-jewelry article production amounted to less than $X in 2022 estimated in export price. Overall, production saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports from Australia

In 2022, shipments abroad of non-silver precious metal non-jewelry articles decreased by X% to X kg, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article exports contracted notably to $X in 2022. Overall, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X kg) was the main destination for non-silver precious metal non-jewelry article exports from Australia, accounting for a X% share of total exports. Moreover, non-silver precious metal non-jewelry article exports to New Zealand exceeded the volume sent to the second major destination, Austria (X kg), sixfold. New Caledonia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and New Caledonia (X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for non-silver precious metal non-jewelry articles exports from Australia, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average export price for non-silver precious metal non-jewelry articles amounted to $X per kg, waning by X% against the previous year. Over the period under review, the export price, however, posted a moderate increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per kg in 2021, and then fell dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per kg), while the average price for exports to Austria ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports into Australia

Non-silver precious metal non-jewelry article imports into Australia surged to X kg in 2022, picking up by X% against 2021 figures. In general, imports, however, recorded a mild contraction. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article imports soared to $X in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X kg), New Zealand (X kg) and the UK (X kg) were the main suppliers of non-silver precious metal non-jewelry article imports to Australia, with a combined X% share of total imports. The United Arab Emirates, Sri Lanka, the United States, Hong Kong SAR and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) constituted the largest supplier of non-silver precious metal non-jewelry articles to Australia, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

Import Prices by Country

The average import price for non-silver precious metal non-jewelry articles stood at $X per kg in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per kg in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 the United Arab Emirates ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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