Asia-Pacific: Silversmiths Ware Market 2022

Production By Country in Asia-Pacific

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.

In China, silversmiths ware production expanded at an average annual rate of +X% over the period from 2012-2021. 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-Pacific

In 2021, overseas shipments of articles of goldsmiths’ or silversmiths’ wares of silver increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports recorded a notable increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, silversmiths ware exports dropped rapidly to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% year-to-year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

China (X tons) and India (X tons) represented roughly X% of total exports of articles of goldsmiths’ or silversmiths’ wares of silver in 2021. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together achieving a X% share of total exports. The following exporters - Hong Kong SAR (X tons), Indonesia (X tons) and South Korea (X tons) - together made up X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (+X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest silversmiths ware supplying countries in Asia-Pacific were China ($X), India ($X) and Japan ($X), together accounting for X% of total exports.

India, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among 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

The silversmiths ware export price in Asia-Pacific stood at $X per kg in 2021, reducing by -X% against the previous year. In general, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2020 when the export price increased by X% y-o-y. As a result, the export price attained the peak level of $X per kg, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per kg), while Indonesia ($X per kg) 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-Pacific

In 2021, approx. X tons of articles of goldsmiths’ or silversmiths’ wares of silver were imported in Asia-Pacific; reducing by -X% on the previous year's figure. Over the period under review, imports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silversmiths ware imports fell to $X in 2021. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) prevails in silversmiths ware imports structure, amounting to X tons, which was approx. X% of total imports in 2021. South Korea (X tons) held an X% share (based on tons) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Japan (X%). India (X tons), Maldives (X tons), Singapore (X tons), Australia (X tons), Thailand (X tons), New Zealand (X tons) and China (X tons) followed a long way behind the leaders.

Imports into Taiwan (Chinese) decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Maldives (+X%), New Zealand (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2012-2021. By contrast, India (-X%), Hong Kong SAR (-X%), Singapore (-X%), Thailand (-X%), Australia (-X%), Japan (-X%) and China (-X%) illustrated a downward trend over the same period. While the share of South Korea (+X p.p.), Hong Kong SAR (+X p.p.), Japan (+X p.p.), India (+X p.p.), Maldives (+X p.p.), Singapore (+X p.p.), New Zealand (+X p.p.), Australia (+X p.p.) and Thailand (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Taiwan (Chinese), silversmiths ware imports contracted by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (-X% per year) and China (-X% per year).

Import Prices by Country

The silversmiths ware import price in Asia-Pacific stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while Maldives ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :