Southern Asia: Silversmiths Ware Market 2022

Production By Country in Southern Asia

India (X tons) constituted the country with the largest volume of silversmiths ware production, comprising approx. X% of total volume. Moreover, silversmiths ware production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), threefold. The third position in this ranking was occupied by Bangladesh (X tons), with a X% share.

In India, silversmiths ware production expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+X% per year) and Bangladesh (+X% per year).

Silversmiths Ware Exports

Exports in Southern Asia

In 2021, shipments abroad of articles of goldsmiths’ or silversmiths’ wares of silver increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a moderate expansion. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, silversmiths ware exports skyrocketed to $X in 2021. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

India dominates silversmiths ware exports structure, accounting for X tons, which was near X% of total exports in 2021. Sri Lanka (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to silversmiths ware exports from India stood at +X%. At the same time, Sri Lanka (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2012-2021. While the share of India (-X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest silversmiths ware supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Sri Lanka ($X), with a X% share of total exports.

In India, silversmiths ware exports expanded at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The silversmiths ware export price in Southern Asia stood at $X per ton in 2021, picking up by X% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silversmiths ware export price increased by +X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%).

Silversmiths Ware Imports

Imports in Southern Asia

After two years of decline, overseas purchases of articles of goldsmiths’ or silversmiths’ wares of silver increased by X% to X tons in 2021. In general, imports enjoyed a temperate expansion. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth imports remained at a lower figure.

In value terms, silversmiths ware imports reduced to $X in 2021. Overall, imports recorded temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) and Maldives (X tons) were the major importers of articles of goldsmiths’ or silversmiths’ wares of silver in Southern Asia, together comprising X% of total imports. It was distantly followed by Bhutan (X kg), committing a X% 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 Maldives (+X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of silver in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Bhutan ($X), with a X% share of total imports.

In India, silversmiths ware imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bhutan (+X% per year) and Maldives (-X% per year).

Import Prices by Country

In 2021, the silversmiths ware import price in Southern Asia amounted to $X per ton, falling by -X% against the previous year. Overall, the import price saw a mild downturn. The pace of growth was the most pronounced in 2020 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :