Asia: Silversmiths Ware Market 2022

Production By Country in Asia

China (X tons) constituted the country with the largest volume of silversmiths ware production, comprising approx. X% of total volume. Moreover, silversmiths ware production in China exceeded the figures recorded by the second-largest producer, India (X tons), twofold. The third position in this ranking was occupied by Pakistan (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in China amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Pakistan (+X% per year).

Silversmiths Ware Exports

Exports in Asia

Silversmiths ware exports shrank modestly to X tons in 2021, waning by -X% against the year before. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silversmiths ware exports dropped sharply to $X in 2021. Overall, exports saw a mild contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% year-to-year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The shipments of the three major exporters of articles of goldsmiths’ or silversmiths’ wares of silver, namely China, India and Turkey, represented more than two-thirds of total export. Japan (X tons) held the next position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together occupied near X% share of total exports. The following exporters - Hong Kong SAR (X tons) and Indonesia (X tons) - each reached a X% share of total exports.

From 2012 to 2021, the biggest increases were in China (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

Turkey, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the silversmiths ware export price in Asia amounted to $X per ton, which is down by -X% against the previous year. In general, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of X% y-o-y. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the other leaders experienced a decline in the export price figures.

Silversmiths Ware Imports

Imports in Asia

In 2021, supplies from abroad of articles of goldsmiths’ or silversmiths’ wares of silver increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a drastic downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silversmiths ware imports surged to $X in 2021. In general, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Cyprus was the largest importer of articles of goldsmiths’ or silversmiths’ wares of silver in Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2021. Israel (X tons) ranks second in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%) and Turkey (X%). The following importers - the United Arab Emirates (X tons), Oman (X tons) and South Korea (X tons) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to silversmiths ware imports into Cyprus stood at +X%. At the same time, Israel (+X%), Oman (+X%), South Korea (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. By contrast, the United Arab Emirates (-X%) and Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cyprus, Israel, Turkey, Oman and the United Arab Emirates increased by +X, +X, +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of silver in Asia, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In Israel, silversmiths ware imports increased at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

In 2021, the silversmiths ware import price in Asia amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price, however, posted a strong increase. The pace of growth was the most pronounced in 2019 when the import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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