South-Eastern Asia: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in South-Eastern Asia

After three years of growth, the Southeast Asian colloidal precious metals market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2022, and then fell modestly in the following year.

Colloidal Precious Metals Production in South-Eastern Asia

In value terms, colloidal precious metals production reduced modestly to $X in 2023 estimated in export price. Overall, production, however, saw a notable expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

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Colloidal Precious Metals Exports

Exports in South-Eastern Asia

After two years of decline, shipments abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) increased by X% to X tons in 2023. In general, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, colloidal precious metals exports contracted remarkably to $X in 2023. Overall, exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) and Malaysia (X tons) were the main exporters of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) in 2023, reaching near X% and X% of total exports, respectively. It was distantly followed by Indonesia (X tons) and Thailand (X tons), together mixing up a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest colloidal precious metals supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Colloidal Precious Metals Imports

Imports in South-Eastern Asia

In 2023, supplies from abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Over the period under review, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, colloidal precious metals imports dropped sharply to $X in 2023. Overall, imports, however, saw temperate growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Malaysia (X tons) represented the major importer of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate), creating X% of total imports. It was distantly followed by Indonesia (X tons), Singapore (X tons) and Vietnam (X tons), together constituting a X% share of total imports. The following importers - Thailand (X tons) and the Philippines (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to colloidal precious metals imports into Malaysia stood at X%. At the same time, Vietnam (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Indonesia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Thailand ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Singapore, Indonesia and the Philippines lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 2023, the import price in South-Eastern Asia amounted to $X per ton, waning by X% against the previous year. In general, the import price saw a mild descent. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X,540 per ton. From 2022 to 2023, the import prices remained at a 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 Thailand ($X,607 per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform