Eastern Asia: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Eastern Asia

The East Asian colloidal precious metals market dropped to $X in 2023, declining by X% against the previous year. The total consumption indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. 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. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Colloidal Precious Metals Production in Eastern Asia

In value terms, colloidal precious metals production reduced slightly to $X in 2023 estimated in export price. Overall, production saw a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

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Colloidal Precious Metals Exports

Exports in Eastern Asia

In 2023, shipments abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons, falling for the second year in a row after three years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, colloidal precious metals exports declined dramatically to $X in 2023. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Japan represented the largest exporter of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) in Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and South Korea (X tons), together achieving a X% share of total exports. China (X tons) held a relatively small share of total exports.

Exports from Japan increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%) and Taiwan (Chinese) (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 2012-2023. By contrast, Hong Kong SAR (X%) and China (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.), Hong Kong SAR (X p.p.) and China (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in Japan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and China (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per kg, with a decrease of X% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per kg. From 2022 to 2023, the export prices failed to regain momentum.

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

In 2023, approx. X tons of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) were imported in Eastern Asia; increasing by X% against the previous year. In general, imports, however, continue to indicate a mild decrease. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, colloidal precious metals imports declined rapidly to $X in 2023. Over the period under review, imports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, China (X tons), distantly followed by Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and South Korea (X tons) were the major importers of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate), together constituting X% of total imports. Japan (X tons) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per kg in 2023, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per kg. From 2021 to 2023, the import prices remained at a somewhat lower figure.

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 Japan ($X per kg), while Hong Kong SAR ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform