Southern Asia: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in Southern Asia

In 2022, the South Asian silver goldsmiths non-jewelry article market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Silver Goldsmiths Non-Jewelry Articles in Southern Asia

In value terms, silver goldsmiths non-jewelry article production fell significantly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021, and then fell notably in the following year.

Exports of Silver Goldsmiths Non-Jewelry Articles

Exports in Southern Asia

In 2022, shipments abroad of silver goldsmiths 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, exports recorded significant growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, silver goldsmiths non-jewelry article exports contracted modestly to $X in 2022. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, India (X tons) was the key exporter of silver goldsmiths non-jewelry articles in Southern Asia, achieving X% of total export.

India was also the fastest-growing in terms of the silver goldsmiths non-jewelry articles exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest silver goldsmiths non-jewelry article supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X,169 per ton in 2021, and then contracted remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

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

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports in Southern Asia

In 2022, purchases abroad of silver goldsmiths non-jewelry articles was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports enjoyed a measured increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, silver goldsmiths non-jewelry article imports surged to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India was the major importer of silver goldsmiths non-jewelry articles in Southern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bhutan (X kg), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to silver goldsmiths non-jewelry article imports into India stood at X%. At the same time, Bhutan (X%) displayed positive paces of growth. Moreover, Bhutan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Bhutan increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported silver goldsmiths non-jewelry articles in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bhutan ($X), with a X% share of total imports.

In India, silver goldsmiths non-jewelry article imports decreased by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X,657 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bhutan ($X,271 per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (X%).

Source: IndexBox Platform

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