South-Eastern Asia: Silversmiths Ware Market 2022

Production By Country in South-Eastern Asia

Indonesia (X tons) remains the largest silversmiths ware producing country in South-Eastern Asia, accounting for X% of total volume. Moreover, silversmiths ware production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand (X tons), threefold. The Philippines (X tons) ranked third in terms of total production with a X% share.

In Indonesia, silversmiths ware production remained relatively stable over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Thailand (-X% per year) and the Philippines (-X% per year).

Silversmiths Ware Exports

Exports in South-Eastern Asia

In 2021, after four years of decline, there was significant growth in overseas shipments of articles of goldsmiths’ or silversmiths’ wares of silver, when their volume increased by X% to X tons. Overall, exports, however, showed a deep slump. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, silversmiths ware exports expanded sharply to $X in 2021. Over the period under review, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Indonesia (X tons) represented the largest exporter of articles of goldsmiths’ or silversmiths’ wares of silver, achieving X% of total exports. Thailand (X kg) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%) and Singapore (X%). The following exporters - Myanmar (X kg) and Malaysia (X kg) - together made up X% of total exports.

Exports from Indonesia decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Myanmar (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Malaysia (-X%), Thailand (-X%) and Singapore (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Vietnam and Myanmar increased by +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silversmiths ware supplying countries in South-Eastern Asia were Indonesia ($X), Thailand ($X) and Singapore ($X), together accounting for X% of total exports. Myanmar, Vietnam and Malaysia lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The silversmiths ware export price in South-Eastern Asia stood at $X per ton in 2021, falling by -X% against the previous year. In general, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced mixed trends in the export price figures.

Silversmiths Ware Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of articles of goldsmiths’ or silversmiths’ wares of silver were imported in South-Eastern Asia; reducing by -X% compared with 2020. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined significantly in the following year.

In value terms, silversmiths ware imports shrank remarkably to $X in 2021. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons) and Thailand (X tons) dominates silversmiths ware imports structure, together committing X% of total imports. Vietnam (X kg) took the next position in the ranking, followed by Malaysia (X kg) and Indonesia (X kg). All these countries together occupied near X% share of total imports. The Philippines (X kg) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (+X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Singapore ($X) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of silver in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore totaled -X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Malaysia (-X% per year).

Import Prices by Country

In 2021, the silversmiths ware import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price continues to indicate a noticeable expansion. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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