Report Update Apr 1, 2024

Malaysia - Articles of Goldsmiths’ or Silversmiths’ Wares of Silver - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in Malaysia

The Malaysian silver goldsmiths non-jewelry article market shrank sharply to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, recorded buoyant growth. Silver goldsmiths non-jewelry article consumption peaked at $X in 2021, and then fell dramatically in the following year.

Production of Silver Goldsmiths Non-Jewelry Articles in Malaysia

In value terms, silver goldsmiths non-jewelry article production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

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Exports of Silver Goldsmiths Non-Jewelry Articles

Exports from Malaysia

In 2022, shipments abroad of silver goldsmiths non-jewelry articles decreased by X% to X kg, falling for the third year in a row after two years of growth. Over the period under review, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silver goldsmiths non-jewelry article exports declined notably to $X in 2022. Overall, exports showed a dramatic curtailment. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for silver goldsmiths non-jewelry article exports from Malaysia, accounting for a X% share of total exports. Moreover, silver goldsmiths non-jewelry article exports to the United States exceeded the volume sent to the second major destination, the UK (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%.

In value terms, the United States ($X) and the UK ($X) constituted the largest markets for silver goldsmiths non-jewelry article exported from Malaysia worldwide.

Among the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average silver goldsmiths non-jewelry article export price stood at $X per kg in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per kg, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per kg), while the average price for exports to the United States stood at $X per kg.

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

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports into Malaysia

In 2022, imports of silver goldsmiths non-jewelry articles into Malaysia contracted notably to X kg, shrinking by X% against the year before. In general, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silver goldsmiths non-jewelry article imports fell remarkably to $X in 2022. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the UK (X kg) was the main silver goldsmiths non-jewelry article supplier to Malaysia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at X%.

In value terms, the UK ($X) constituted the largest supplier of silver goldsmiths non-jewelry articles to Malaysia.

From 2012 to 2022, the average annual growth rate of value from the UK totaled X%.

Import Prices by Country

In 2022, the average silver goldsmiths non-jewelry article import price amounted to $X per kg, reducing by X% against the previous year. Over the period under review, the import price, however, recorded a moderate increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per kg in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver goldsmiths non-jewelry articles in the world?

China remains the largest silver goldsmiths non-jewelry article consuming country worldwide, comprising approx. 24% of total volume. Moreover, silver goldsmiths non-jewelry article consumption in China exceeded the figures recorded by the second-largest consumer, the Dominican Republic, threefold. The third position in this ranking was held by Denmark, with a 6.8% share.

What are the largest producers of silver goldsmiths non-jewelry articles in the world?

China remains the largest silver goldsmiths non-jewelry article producing country worldwide, accounting for 36% of total volume. Moreover, silver goldsmiths non-jewelry article production in China exceeded the figures recorded by the second-largest producer, Italy, fourfold. Denmark ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of silver goldsmiths non-jewelry articles to Malaysia?

In value terms, the UK constituted the largest supplier of silver goldsmiths non-jewelry articles to Malaysia.

What are the leading importers of silver goldsmiths non-jewelry articles from Malaysia?

In value terms, the United States and the UK were the largest markets for silver goldsmiths non-jewelry article exported from Malaysia worldwide.

What is the average export price for silver goldsmiths non-jewelry articles in Malaysia?

The average silver goldsmiths non-jewelry article export price stood at $1,718 per kg in 2022, declining by -22.9% against the previous year.

What is the average import price for silver goldsmiths non-jewelry articles in Malaysia?

In 2022, the average silver goldsmiths non-jewelry article import price amounted to $584 per kg, declining by -37.7% against the previous year.

This report provides an in-depth analysis of the market for silver goldsmiths non-jewelry article in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32121351 - Articles of goldsmiths

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023