Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Malaysia - 2023

Contents:

1. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Malaysia (FOB) - 2022
2. Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Malaysia (CIF) - 2022
3. Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Malaysia
4. Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Malaysia

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Malaysia (FOB) - 2022

In 2022, the average export price for statuettes and other ornaments; of base metal plated with precious metals amounted to $24,828 per ton, falling by -29.7% against the previous year. In general, the export price, however, showed perceptible growth. The growth pace was the most rapid in 2015 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices reached the peak figure at $35,322 per ton in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($36,993 per ton), while the average price for exports to China ($20,998 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 Brunei Darussalam (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Malaysia (CIF) - 2022

The average import price for statuettes and other ornaments; of base metal plated with precious metals stood at $10,642 per ton in 2022, increasing by 56% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 123% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Singapore ($30,314 per ton), while the price for Hong Kong SAR ($4,165 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Malaysia

In 2022, overseas shipments of statuettes and other ornaments; of base metal plated with precious metals increased by 653% to 68 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a pronounced reduction.

In value terms, exports of statuettes and other ornaments; of base metal plated with precious metals skyrocketed to $1.7M in 2022. In general, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal from Malaysia in 2022:

1. China (42.9 tons)
2. Singapore (14.9 tons)
3. Vietnam (6.0 tons)
4. Philippines (3.0 tons)

Imports of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal in Malaysia

In 2022, the amount of statuettes and other ornaments; of base metal plated with precious metals imported into Malaysia declined rapidly to 102 tons, shrinking by -49.5% on 2021 figures. Overall, imports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 228% against the previous year.

In value terms, imports of statuettes and other ornaments; of base metal plated with precious metals declined markedly to $1.1M in 2022. In general, imports showed a dramatic slump. The growth pace was the most rapid in 2021 when imports increased by 224%.

Top Suppliers of Statuettes and Other Ornaments; of Base Metal Plated with Precious Metal to Malaysia in 2022:

1. China (84.0 tons)
2. Singapore (6.9 tons)
3. Hong Kong SAR (5.6 tons)
4. Thailand (2.1 tons)
5. India (1.6 tons)

Source: IndexBox Market Intelligence Platform