South-Eastern Asia: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in South-Eastern Asia

The Southeast Asian silver goldsmiths non-jewelry article market expanded rapidly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated strong growth 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, consumption increased by X% against 2017 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Silver Goldsmiths Non-Jewelry Articles in South-Eastern Asia

In value terms, silver goldsmiths non-jewelry article production surged to $X in 2022 estimated in export price. The total production indicated a strong increase 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 2012 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in years to come.

Exports of Silver Goldsmiths Non-Jewelry Articles

Exports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded decline in overseas shipments of silver goldsmiths non-jewelry articles, which decreased by X% to X tons in 2022. In general, exports recorded a sharp descent. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export 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 contracted dramatically to $X in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X kg), Indonesia (X kg) and Singapore (X kg) was the major exporter of silver goldsmiths non-jewelry articles in South-Eastern Asia, creating X% of total export. It was distantly followed by Myanmar (X kg), achieving a X% share of total exports. Vietnam (X kg) and the Philippines (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest silver goldsmiths non-jewelry article supplying countries in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Singapore ($X), with a combined X% share of total exports. Myanmar, Vietnam and the Philippines lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then declined notably 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 Myanmar ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports in South-Eastern Asia

In 2022, the amount of silver goldsmiths non-jewelry articles imported in South-Eastern Asia contracted to X tons, approximately equating the previous year's figure. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silver goldsmiths non-jewelry article imports shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore was the largest importer of silver goldsmiths non-jewelry articles in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Thailand (X kg), comprising a X% share of total imports. Malaysia (X kg), Vietnam (X kg), Myanmar (X kg), Brunei Darussalam (X kg) and Indonesia (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to silver goldsmiths non-jewelry article imports into Singapore stood at X%. At the same time, Myanmar (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), Vietnam (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. Singapore (X p.p.), Myanmar (X p.p.) and Brunei Darussalam (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Thailand, Malaysia and Indonesia saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported silver goldsmiths non-jewelry articles in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Singapore, silver goldsmiths non-jewelry article imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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