Eastern Asia: Silversmiths Ware Market 2022

Production By Country in Eastern 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, Japan (X tons), eightfold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in China totaled +X%. In the other countries, the average annual rates were as follows: Japan (-X% per year) and South Korea (-X% per year).

Silversmiths Ware Exports

Exports in Eastern Asia

In 2021, shipments 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, exports posted prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, silversmiths ware exports fell rapidly to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X% y-o-y. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

China represented the largest exporting country with an export of around X tons, which finished at X% of total exports. Japan (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%) and Hong Kong SAR (X%). South Korea (X kg) followed a long way behind the leaders.

China was also the fastest-growing in terms of the articles of goldsmiths’ or silversmiths’ wares of silver exports, with a CAGR of +X% from 2012 to 2021. At the same time, Taiwan (Chinese) (+X%), South Korea (+X%) and Japan (+X%) displayed positive paces of growth. By contrast, Hong Kong SAR (-X%) illustrated a downward trend over the same period. China (+X p.p.) and Taiwan (Chinese) (+X p.p.) significantly strengthened its position in terms of the total exports, while Japan and Hong Kong SAR saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest silversmiths ware supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

In China, silversmiths ware exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2021, the silversmiths ware export price in Eastern Asia amounted to $X per kg, declining by -X% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by X% year-to-year. As a result, the export price attained the peak level of $X per kg, and then shrank rapidly in the following year.

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

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

Silversmiths Ware Imports

Imports in Eastern Asia

Silversmiths ware imports fell notably to X tons in 2021, declining by -X% compared with the previous year. In general, imports recorded a dramatic slump. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silversmiths ware imports rose remarkably to $X in 2021. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) was the key importing country with an import of about X tons, which reached X% of total imports. 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%). China (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to silversmiths ware imports into Taiwan (Chinese) stood at -X%. At the same time, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Hong Kong SAR (-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.) and Japan (+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) ($X) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of silver in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Taiwan (Chinese) amounted to -X%. 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 Eastern Asia stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the import price recorded a prominent expansion. 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 ($X per ton), while South Korea ($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

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