ASEAN: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in ASEAN

In 2022, the ASEAN market for non-silver precious metal non-jewelry articles increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Non-Silver Precious Metal Non-Jewelry Articles in ASEAN

In value terms, non-silver precious metal non-jewelry article production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports in ASEAN

In 2022, approx. X tons of non-silver precious metal non-jewelry articles were exported in ASEAN; with an increase of X% on the previous year's figure. Overall, exports saw resilient growth. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia was the main exporter of non-silver precious metal non-jewelry articles in ASEAN, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Myanmar (X tons) held the second position in the ranking, distantly followed by Thailand (X tons) and Brunei Darussalam (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-silver precious metal non-jewelry article exports from Indonesia 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 exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Myanmar (X p.p.) and Brunei Darussalam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) emerged as the largest non-silver precious metal non-jewelry article supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per kg in 2022, waning by X% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked at $X per kg in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Indonesia ($X per kg), while Brunei Darussalam ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports in ASEAN

In 2022, overseas purchases of non-silver precious metal non-jewelry articles increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports posted a modest increase. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article imports dropped to $X in 2022. In general, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Singapore was the key importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Malaysia (X tons), constituting a X% share of total imports. The following importers - Thailand (X kg) and Indonesia (X kg) - each finished at a X% share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Indonesia increased by X and X percentage points, respectively.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per kg, which is down by X% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per kg in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per kg), while Indonesia ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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