Asia: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Asia

The Asian colloidal precious metals market rose notably to $X in 2022, picking up by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Colloidal Precious Metals Production in Asia

In value terms, colloidal precious metals production amounted to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Colloidal Precious Metals Exports

Exports in Asia

In 2022, approx. X tons of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) were exported in Asia; picking up by X% compared with 2021 figures. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, colloidal precious metals exports contracted to $X in 2022. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Indonesia dominates exports structure, reaching X tons, which was near X% of total exports in 2022. Saudi Arabia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%). India (X tons) took a relatively small share of total exports.

Indonesia 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 2022. At the same time, Saudi Arabia (X%), India (X%) and Japan (X%) displayed positive paces of growth. While the share of Indonesia (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, Japan ($X) remains the largest colloidal precious metals supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per kg in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per kg in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per kg), while Indonesia ($X per kg) was amongst the lowest.

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

Colloidal Precious Metals Imports

Imports in Asia

In 2022, the amount of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) imported in Asia surged to X tons, picking up by X% against the previous year. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, colloidal precious metals imports fell to $X in 2022. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Malaysia represented the largest importing country with an import of around X tons, which accounted for X% of total imports. South Korea (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%), Indonesia (X%), Pakistan (X%) and Singapore (X%). China (X tons), Vietnam (X tons), Turkey (X tons), Taiwan (Chinese) (X tons), Iran (X tons), Thailand (X tons) and Hong Kong SAR (X tons) took a relatively small share of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), India (X%), Pakistan (X%), Vietnam (X%), Turkey (X%), South Korea (X%), Indonesia (X%), China (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), Hong Kong SAR (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, India, South Korea, Pakistan, Vietnam, Iran and Turkey increased by X, X, X, X, X, X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) in Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Malaysia, with an X% share.

In India, colloidal precious metals imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per kg in 2022, shrinking by X% against the previous year. Overall, the import price, however, saw a slight expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per kg in 2021, and then fell markedly in the following year.

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 India ($X per kg), while Pakistan ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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