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

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

In 2022, the Central Asian market for non-silver precious metal non-jewelry articles increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption continues to indicate a perceptible contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

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

In value terms, non-silver precious metal non-jewelry article production soared to $X in 2022 estimated in export price. In general, production posted significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports in Central Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of non-silver precious metal non-jewelry articles, when their volume decreased by X% to X kg. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X kg, and then reduced remarkably in the following year.

In value terms, non-silver precious metal non-jewelry article exports contracted significantly to $X in 2022. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Uzbekistan represented the major exporter of non-silver precious metal non-jewelry articles in Central Asia, with the volume of exports finishing at X kg, which was approx. X% of total exports in 2022. Mongolia (X kg) ranks second in terms of the total exports with a X% share, followed by Kazakhstan (X%) and Kyrgyzstan (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mongolia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Uzbekistan ($X) remains the largest non-silver precious metal non-jewelry article supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Mongolia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Mongolia (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per kg in 2022, dropping by X% against the previous year. Overall, the export price, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per kg, and then contracted sharply in the following year.

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 Uzbekistan ($X per kg), while Kazakhstan ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports in Central Asia

Non-silver precious metal non-jewelry article imports shrank dramatically to X kg in 2022, with a decrease of X% on 2021 figures. In general, imports faced a sharp curtailment. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X kg. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-silver precious metal non-jewelry article imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Tajikistan (X kg), distantly followed by Kyrgyzstan (X kg), Uzbekistan (X kg), Kazakhstan (X kg) and Mongolia (X kg) represented the key importers of non-silver precious metal non-jewelry articles, together comprising X% 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 Uzbekistan (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Tajikistan ($X) constitutes the largest market for imported non-silver precious metal non-jewelry articles in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Tajikistan, non-silver precious metal non-jewelry article imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per kg in 2022, rising by X% against the previous year. Overall, the import price enjoyed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per kg), while Mongolia ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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