Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia - 2024
Contents:
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia (CIF) - 2022
- Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia (FOB) - 2022
- Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia
- Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia (CIF) - 2022
In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $8,729,835 per ton, with a decrease of -16.8% against the previous year. Over the period under review, the import price saw a noticeable downturn. The growth pace was the most rapid in 2021 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the peak figure at $11,538,639 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Japan ($10,415,287 per ton), while the price for China ($641,228 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) (+4.9%), while the prices for the other major suppliers experienced a decline.
Price for Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia (FOB) - 2022
The average export price for articles of precious metal or of metal clad with precious metal stood at $5,272,201 per ton in 2022, declining by -21.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 68%. As a result, the export price attained the peak level of $9,035 per kg. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($11,112,666 per ton), while the average price for exports to South Korea ($308,162 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.8%), while the prices for the other major destinations experienced a decline.
Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia
In 2022, imports of articles of precious metal or of metal clad with precious metal into Malaysia skyrocketed to 61 tons, jumping by 18% on 2021. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of precious metal or of metal clad with precious metal reduced modestly to $533M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30%. As a result, imports attained the peak of $544M, and then reduced in the following year.
| Import of Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 184 | 202 | 359 | 373 | 26.6% |
| Singapore | 124 | 182 | 162 | 136 | 3.1% |
| Taiwan (Chinese) | 5.7 | 23.4 | 10.2 | 11.9 | 27.8% |
| China | 1.6 | 5.9 | 6.1 | 4.2 | 37.9% |
| Others | 10.6 | 6.1 | 6.6 | 8.3 | -7.8% |
| Total | 326 | 419 | 544 | 533 | 17.8% |
Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to Malaysia in 2022:
- Japan (35.8 tons)
- Singapore (15.2 tons)
- China (6.5 tons)
- Taiwan (Chinese) (1.4 tons)
Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia
For the fourth year in a row, Malaysia recorded growth in shipments abroad of articles of precious metal or of metal clad with precious metal, which increased by 16% to 39 tons in 2022. The total export volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of articles of precious metal or of metal clad with precious metal shrank to $207M in 2022. The total export value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 29%.
| Export of Articles of Precious Metal or of Metal Clad with Precious Metal in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 93.1 | 124 | 161 | 163 | 20.5% |
| China | 3.1 | 14.1 | 13.1 | 15.2 | 69.9% |
| United States | 1.4 | 1.5 | 6.6 | 12.6 | 108.0% |
| Japan | 25.0 | 41.1 | 31.3 | 10.3 | -25.6% |
| Singapore | 3.4 | 0.1 | 7.3 | 1.9 | -17.6% |
| Taiwan (Chinese) | 0.9 | 8.3 | 1.8 | 1.0 | 3.6% |
| Germany | 0.1 | 0.3 | 0.1 | 0.6 | 81.7% |
| South Korea | N/A | N/A | N/A | 0.2 | 0% |
| Switzerland | 22.5 | 3.4 | N/A | N/A | -84.9% |
| Others | 1.0 | 1.6 | 4.3 | 1.8 | 21.6% |
| Total | 151 | 194 | 226 | 207 | 11.1% |
Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from Malaysia in 2022:
- United States (16.4 tons)
- Thailand (14.7 tons)
- China (2.8 tons)
- Japan (1.7 tons)
- Singapore (1.2 tons)
- Germany (1.0 tons)
- South Korea (0.6 tons)
- Taiwan (Chinese) (0.4 tons)
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