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

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

In 2022, the Chinese market for non-silver precious metal non-jewelry articles decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, non-silver precious metal non-jewelry article production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Non-silver precious metal non-jewelry article production peaked at $X in 2021, and then reduced modestly in the following year.

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Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports from China

In 2022, the amount of non-silver precious metal non-jewelry articles exported from China stood at X tons, remaining stable against the previous year's figure. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, non-silver precious metal non-jewelry article exports shrank to $X in 2022. Over the period under review, exports enjoyed a significant expansion. 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, and then dropped in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for non-silver precious metal non-jewelry article exports from China, accounting for a X% share of total exports. Moreover, non-silver precious metal non-jewelry article exports to Hong Kong SAR exceeded the volume sent to the second major destination, South Africa (X tons), ninefold. The third position in this ranking was held by South Korea (X kg), with a X% share.

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

In value terms, Hong Kong SAR ($X) remains the key foreign market for non-silver precious metal non-jewelry articles exports from China, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Macao SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Macao 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, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per kg in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per kg), while the average price for exports to South Africa ($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 Singapore (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 China

In 2022, imports of non-silver precious metal non-jewelry articles into China contracted rapidly to X kg, which is down by X% compared with 2021 figures. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article imports expanded modestly to $X in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hong Kong SAR (X kg) constituted the largest supplier of non-silver precious metal non-jewelry article to China, with a X% share of total imports. Moreover, non-silver precious metal non-jewelry article imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, France (X kg), fourfold. The third position in this ranking was taken by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hong Kong SAR stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United States (X% per year).

In value terms, the largest non-silver precious metal non-jewelry article suppliers to China were Hong Kong SAR ($X), France ($X) and the United States ($X), with a combined X% share of total imports.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for non-silver precious metal non-jewelry articles amounted to $X per kg, rising by X% against the previous year. In general, the import price posted significant growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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