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Malaysia - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMalaysia: Gold Market 2024
Gold Market Size in Malaysia
In 2021, the Malaysian gold market increased by 88% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a buoyant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.
Gold Production in Malaysia
In value terms, gold production dropped modestly to $X in 2021 estimated in export price. Overall, production showed a drastic downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 64%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
Gold Exports
Exports from Malaysia
For the third year in a row, Malaysia recorded decline in overseas shipments of gold, which decreased by -1.8% to X tons in 2021. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 610%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, gold exports rose slightly to $X in 2021. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 730%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
Hong Kong SAR (X kg), Singapore (X kg) and Switzerland (X kg) were the main destinations of gold exports from Malaysia, with a combined 48% share of total exports.
From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +73.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Hong Kong SAR ($X), Switzerland ($X) and Singapore ($X) constituted the largest markets for gold exported from Malaysia worldwide, together accounting for 52% of total exports.
Among the main countries of destination, Switzerland, with a CAGR of +92.4%, saw 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
The average gold export price stood at $X per kg in 2021, growing by 6.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per kg), while the average price for exports to Japan ($X per kg) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Imports
Imports into Malaysia
In 2021, after two years of decline, there was significant growth in purchases abroad of gold, when their volume increased by 85% to X tons. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 97%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.
In value terms, gold imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +10.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 98%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.
Imports by Country
In 2021, Singapore (X tons) constituted the largest supplier of gold to Malaysia, accounting for a 52% share of total imports. Moreover, gold imports from Singapore exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 13% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.1% per year) and the United Arab Emirates (+21.5% per year).
In value terms, Singapore ($X) constituted the largest supplier of gold to Malaysia, comprising 53% of total imports. The second position in the ranking was held by Switzerland ($X), with a 20% share of total imports. It was followed by the United Arab Emirates, with a 12% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Singapore amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+5.2% per year) and the United Arab Emirates (+24.8% per year).
Import Prices by Country
The average gold import price stood at $X per kg in 2021, therefore, remained relatively stable against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold import price increased by +61.7% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 30%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Hong Kong SAR ($X per kg) and Singapore ($X per kg), while the price for Japan ($X per kg) and the United Arab Emirates ($X per kg) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the gold market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
- Prodcom 24412035 -
- Prodcom 24412040 -
- Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
- Prodcom 24412070 - Monetary gold (including gold plated with platinum)
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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