China: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in China

The Chinese colloidal precious metals market rose slightly to $X in 2022, surging by X% against the previous year. Overall, consumption showed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Colloidal Precious Metals Production in China

In value terms, colloidal precious metals production rose slightly to $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Colloidal precious metals production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Colloidal Precious Metals Exports

Exports from China

For the fifth consecutive year, China recorded decline in shipments abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate), which decreased by X% to X tons in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, colloidal precious metals exports rose rapidly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for colloidal precious metals exports from China, with a X% share of total exports. Moreover, colloidal precious metals exports to Hong Kong SAR exceeded the volume sent to the second major destination, Singapore (X tons), twofold. The third position in this ranking was held by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the United States (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exports from China, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and India (X% per year).

Export Prices by Country

The average colloidal precious metals export price stood at $X per kg in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per kg), while the average price for exports to Singapore ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Colloidal Precious Metals Imports

Imports into China

In 2022, overseas purchases of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, colloidal precious metals imports reduced notably to $X in 2022. Overall, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Japan (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of colloidal precious metals imports to China, together comprising X% of total imports. Taiwan (Chinese), the UK, the United States, Italy and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest colloidal precious metals suppliers to China were Germany ($X), the United States ($X) and the UK ($X), together comprising X% of total imports.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average colloidal precious metals import price amounted to $X per kg, reducing by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price 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, colloidal precious metals import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per kg in 2021, and then shrank in the following year.

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 the United States ($X per kg), while the price for South Korea ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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