Malaysia: Market for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal 2025

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

In 2022, the Malaysian market for articles of goldsmiths’ wares of base metal clad with precious metal decreased by -0.2% to $X, falling for the third year in a row after four years of growth. In general, consumption, however, saw a strong expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 84%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Export Prices by Country

In 2022, the average export price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X per kg, with a decrease of -9.1% against the previous year. Over the period under review, the export price, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2019 an increase of 165%. Over the period under review, the average export prices reached the maximum at $X per kg in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per kg), while the average price for exports to Thailand ($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 Japan (+14.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Malaysia

In 2022, after five years of growth, there was significant decline in purchases abroad of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume decreased by -54.8% to X tons. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 254%. As a result, imports reached the peak of X tons, and then reduced remarkably in the following year.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal fell significantly to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 403% against the previous year. Imports peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

Thailand (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of articles of goldsmiths’ wares of base metal clad with precious metal to Malaysia, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +101.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and Switzerland ($X) constituted the largest precious metal-clad goldsmiths ware articles of base metals suppliers to Malaysia, with a combined 96% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +158.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2022, jumping by 44% against the previous year. In general, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 76% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Switzerland ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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