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

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

In 2022, the East Asian market for non-silver precious metal non-jewelry articles was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, non-silver precious metal non-jewelry article production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports in Eastern Asia

Non-silver precious metal non-jewelry article exports skyrocketed to X tons in 2022, picking up by X% against the previous year. Over the period under review, exports posted slight growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, non-silver precious metal non-jewelry article exports soared to $X in 2022. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by Taiwan (Chinese) (X%). Japan (X kg) and Hong Kong SAR (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-silver precious metal non-jewelry article exports from China stood at X%. At the same time, South Korea (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, South Korea and Hong Kong SAR increased by X, X and X percentage points, respectively.

In value terms, the largest non-silver precious metal non-jewelry article supplying countries in Eastern Asia were Taiwan (Chinese) ($X), China ($X) and Hong Kong SAR ($X), together accounting for X% of total exports. South Korea and Japan lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Eastern Asia amounted to $X per kg, surging by X% against the previous year. Overall, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per kg in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per kg), while South Korea ($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.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports in Eastern Asia

In 2022, purchases abroad of non-silver precious metal non-jewelry articles increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted buoyant growth. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article imports soared to $X in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) represented the key importer of non-silver precious metal non-jewelry articles in Eastern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Hong Kong SAR (X tons) held the second position in the ranking, distantly followed by South Korea (X kg) and Macao SAR (X kg). All these countries together took near X% share of total imports. Japan (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (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 Macao SAR ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Eastern Asia amounted to $X per kg, with an increase of X% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked in 2022 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 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

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