Southern Asia: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Southern Asia

In 2023, after eleven years of growth, there was significant decline in the South Asian colloidal precious metals market, when its value decreased by X% to $X. The total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2022, and then declined in the following year.

Colloidal Precious Metals Production in Southern Asia

In value terms, colloidal precious metals production reduced to $X in 2023 estimated in export price. The total production indicated buoyant 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2023.

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Colloidal Precious Metals Exports

Exports in Southern Asia

In 2023, shipments abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, colloidal precious metals exports surged to $X in 2023. In general, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate), namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest colloidal precious metals supplier in Southern Asia.

In India, colloidal precious metals exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then contracted dramatically 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 2023, the rate of growth in terms of prices for India amounted to X% per year.

Colloidal Precious Metals Imports

Imports in Southern Asia

In 2023, approx. X tons of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) were imported in Southern Asia; picking up by X% compared with 2022 figures. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, colloidal precious metals imports dropped to $X in 2023. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

India represented the main importer of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) in Southern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by Pakistan (X tons), comprising a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of X%).

In value terms, India ($X) constitutes the largest market for imported colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with less than X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per kg, shrinking by X% against the previous year. Overall, the import price, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per kg in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform