Australia: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Australia

For the third consecutive year, the Australian colloidal precious metals market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Colloidal Precious Metals Production in Australia

In value terms, colloidal precious metals production totaled $X in 2022 estimated in export price. In general, production enjoyed notable growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Colloidal Precious Metals Exports

Exports from Australia

In 2022, colloidal precious metals exports from Australia fell significantly to X tons, waning by X% compared with the previous year's figure. Over the period under review, exports, however, showed tangible growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, colloidal precious metals exports dropped dramatically to $X in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Vietnam (X tons) and Saudi Arabia (X kg) were the main destinations of colloidal precious metals exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for colloidal precious metals exported from Australia were Germany ($X), Vietnam ($X) and Hong Kong SAR ($X), together accounting for X% of total exports.

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

Export Prices by Country

The average colloidal precious metals export price stood at $X per kg in 2022, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per kg in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per kg), while the average price for exports to Saudi Arabia ($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 Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Colloidal Precious Metals Imports

Imports into Australia

In 2022, after two years of growth, there was significant decline in overseas purchases of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate), when their volume decreased by X% to X tons. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, colloidal precious metals imports reduced to $X in 2022. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Switzerland (X tons) constituted the largest supplier of colloidal precious metals to Australia, with a X% share of total imports. Moreover, colloidal precious metals imports from Switzerland exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Germany (X% per year).

In value terms, Germany ($X) constituted the largest supplier of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) to Australia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Switzerland (X% per year).

Import Prices by Country

In 2022, the average colloidal precious metals import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X,691 per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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