Malaysia: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Malaysia

In 2021, the Malaysian semi-manufactured silver market increased by 41% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Semi-Manufactured Silver Exports

Exports from Malaysia

In 2021, approx. X tons of silver in semi-manufactured forms were exported from Malaysia; with an increase of 57% on the year before. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by 214%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, semi-manufactured silver exports surged to $X in 2021. Overall, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 151% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Hungary (X tons), Slovakia (X tons) and Germany (X kg) were the main destinations of semi-manufactured silver exports from Malaysia, together comprising 44% of total exports. Thailand, China, Belgium, Japan and Mexico lagged somewhat behind, together comprising a further 9.9%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +81.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for semi-manufactured silver exported from Malaysia were Hungary ($X), China ($X) and Japan ($X), together comprising 35% of total exports. Slovakia, Germany, Thailand, Mexico and Belgium lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, Belgium, with a CAGR of +57.5%, recorded the highest rates of growth with regard to 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

In 2021, the average semi-manufactured silver export price amounted to $X per ton, dropping by -7.9% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, semi-manufactured silver export price decreased by -10.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 51%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Silver Imports

Imports into Malaysia

In 2021, supplies from abroad of silver in semi-manufactured forms increased by 25% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of semi-manufactured silver imports to Malaysia, with a combined 64% share of total imports. These countries were followed by Thailand, Singapore, Indonesia, Germany, Hong Kong SAR, Taiwan (Chinese) and South Korea, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +71.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-manufactured silver suppliers to Malaysia were Japan ($X), China ($X) and the United States ($X), together comprising 67% of total imports. Singapore, Thailand, South Korea, Taiwan (Chinese), Germany, Indonesia and Hong Kong SAR lagged somewhat behind, together accounting for a further 20%.

Thailand, with a CAGR of +64.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average semi-manufactured silver import price amounted to $X per ton, jumping by 30% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :