Malaysia: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Malaysia

The Malaysian semi-manufactured gold market reduced remarkably to $X in 2022, dropping by -28.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2021, and then dropped notably in the following year.

Semi-Manufactured Gold Exports

Exports from Malaysia

In 2022, semi-manufactured gold exports from Malaysia fell to X tons, which is down by -6.1% against 2021. In general, exports saw a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 260% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured gold exports fell to $X in 2022. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 309%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X kg), Japan (X kg) and Singapore (X kg) were the main destinations of semi-manufactured gold exports from Malaysia, with a combined 56% share of total exports. Bangladesh, Switzerland, China, Indonesia and Thailand lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +44.8%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Singapore ($X) and Bangladesh ($X) constituted the largest markets for semi-manufactured gold exported from Malaysia worldwide, together accounting for 53% of total exports. Japan, Switzerland, China, Indonesia and Thailand lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Switzerland, with a CAGR of +45.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, reducing by -4.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per kg in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per kg), while the average price for exports to Japan ($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 Switzerland (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Malaysia

Semi-manufactured gold imports into Malaysia declined significantly to X tons in 2022, waning by -27% on 2021. In general, imports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2015 when imports increased by 118%. Imports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, semi-manufactured gold imports declined remarkably to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 121%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Singapore (X tons), Switzerland (X tons) and Japan (X tons) were the main suppliers of semi-manufactured gold imports to Malaysia, with a combined 88% share of total imports. Hong Kong SAR, Australia and Turkey lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +63.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of gold, in semi-manufactured forms to Malaysia, comprising 57% of total imports. The second position in the ranking was held by Switzerland ($X), with a 28% share of total imports. It was followed by Hong Kong SAR, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from Singapore totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+5.8% per year) and Hong Kong SAR (-2.1% per year).

Import Prices by Country

The average semi-manufactured gold import price stood at $X per kg in 2022, almost unchanged from the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, semi-manufactured gold import price increased by +51.1% against 2015 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 30%. The import price peaked at $X per kg in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per kg), while the price for Japan ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :