Eastern Asia: Market for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal 2024

Market Size for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Eastern Asia

The East Asian market for articles of goldsmiths’ wares of base metal clad with precious metal reached $X in 2022, picking up by 2.4% against the previous year. In general, consumption saw a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Eastern Asia

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 25%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Exports in Eastern Asia

In 2022, approx. X tons of articles of goldsmiths’ wares of base metal clad with precious metal were exported in Eastern Asia; reducing by -69.1% compared with 2021. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 218%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal contracted to $X in 2022. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 139%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of articles of goldsmiths’ wares of base metal clad with precious metal, namely Hong Kong SAR, Taiwan (Chinese), South Korea and China, represented more than two-thirds of total export. Japan (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +21.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest precious metal-clad goldsmiths ware articles of base metals supplier in Eastern Asia, comprising 53% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total exports. It was followed by Hong Kong SAR, with a 19% share.

In China, exports of articles of goldsmiths’ wares of base metal clad with precious metal expanded at an average annual rate of +35.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-5.1% per year) and Hong Kong SAR (-19.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 220% against the previous year. In general, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+59.9%), while the other leaders experienced more modest paces of growth.

Imports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Imports in Eastern Asia

In 2022, imports of articles of goldsmiths’ wares of base metal clad with precious metal in Eastern Asia dropped dramatically to X tons, shrinking by -55.5% against 2021 figures. Over the period under review, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 when imports increased by 104% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal reduced notably to $X in 2022. Overall, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 149%. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) represented the largest importer of articles of goldsmiths’ wares of base metal clad with precious metal, committing 42% of total imports. Japan (X tons) took the second position in the ranking, followed by China (X tons) and South Korea (X tons). All these countries together held approx. 58% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported articles of goldsmiths’ wares of base metal clad with precious metal in Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Japan, with a 15% share.

In Taiwan (Chinese), imports of articles of goldsmiths’ wares of base metal clad with precious metal increased at an average annual rate of +37.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+25.7% per year) and Japan (+15.5% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, reducing by -2.6% against the previous year. In general, the import price, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2014 when the import price increased by 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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 Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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