India: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in India

For the eleventh year in a row, the Indian colloidal precious metals market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value 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, consumption increased by X% against 2012 indices. Colloidal precious metals consumption peaked in 2022 and is expected to retain growth in years to come.

Colloidal Precious Metals Production in India

In value terms, colloidal precious metals production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Colloidal Precious Metals Exports

Exports from India

In 2022, shipments abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, exports, however, saw a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, colloidal precious metals exports rose markedly to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons), France (X tons) and Italy (X tons) were the main destinations of colloidal precious metals exports from India, with a combined X% share of total exports. Sri Lanka, Turkey, Nepal, Saudi Arabia, Brazil, Australia, the United Arab Emirates and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) emerged as the key foreign market for colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exports from India, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and France (X% per year).

Export Prices by Country

The average colloidal precious metals export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Colloidal Precious Metals Imports

Imports into India

In 2022, approx. X tons of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) were imported into India; growing by X% on 2021. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, colloidal precious metals imports dropped to $X in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest colloidal precious metals supplier to India, with a X% share of total imports. Moreover, colloidal precious metals imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

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

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

Import Prices by Country

In 2022, the average colloidal precious metals import price amounted to $X per kg, waning by X% against the previous year. In general, the import price, however, saw a prominent increase. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per kg in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per kg), while the price for Taiwan (Chinese) ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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