Thailand: Market for Precious Metal-Clad Goldsmiths Articles of Base Metals 2024

Market Size for Precious Metal-Clad Goldsmiths Articles of Base Metals in Thailand

In 2022, the Thai market for precious metal-clad goldsmiths articles of base metals decreased by X% to $X, falling for the seventh consecutive year after two years of growth. Overall, consumption continues to indicate a deep downturn. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Precious Metal-Clad Goldsmiths Articles of Base Metals in Thailand

In value terms, production of precious metal-clad goldsmiths articles of base metals declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Production of peaked at $X in 2021, and then fell in the following year.

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Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports from Thailand

Exports of precious metal-clad goldsmiths articles of base metals from Thailand soared to X kg in 2022, with an increase of X% against 2021 figures. In general, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of precious metal-clad goldsmiths articles of base metals expanded markedly to $X in 2022. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X kg) was the main destination for exports of precious metal-clad goldsmiths articles of base metals from Thailand, with a X% share of total exports. Moreover, exports of precious metal-clad goldsmiths articles of base metals to Vietnam exceeded the volume sent to the second major destination, Poland (X kg), twofold. The UK (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the UK (X% per year).

In value terms, Australia ($X) remains the key foreign market for precious metal-clad goldsmiths articles of base metals exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the UK (X% per year).

Export Prices by Country

The average export price for precious metal-clad goldsmiths articles of base metals stood at $X per kg in 2022, which is down by X% against the previous year. Overall, the export price, however, saw significant growth. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per kg in 2021, and then contracted sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to the Netherlands ($X per kg) was amongst the lowest.

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

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports into Thailand

In 2022, purchases abroad of precious metal-clad goldsmiths articles of base metals decreased by X% to X kg, falling for the seventh year in a row after two years of growth. Over the period under review, imports continue to indicate a sharp slump. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports of reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of precious metal-clad goldsmiths articles of base metals fell rapidly to $X in 2022. In general, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X kg), France (X kg) and the United States (X kg) were the main suppliers of imports of precious metal-clad goldsmiths articles of base metals to Thailand, together accounting for X% of total imports. China, Italy, Malaysia and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of precious metal-clad goldsmiths articles of base metals to Thailand, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Hong Kong SAR totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for precious metal-clad goldsmiths articles of base metals amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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