| Product Code: ETC305426 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Malaysia Silver market currently, in 2023, has witnessed an HHI of 1536, Which has decreased moderately as compared to the HHI of 2059 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Malaysia silver market continues to exhibit resilience and stability. Silver, often considered a precious metal, is sought after for both investment and industrial purposes. While global economic factors can impact silver prices, the demand for silver in Malaysia remains steady due to its use in jewelry, silverware, and industrial applications like electronics and photography. The market is also influenced by the global trends in sustainable and ethical sourcing, as consumers increasingly seek responsibly mined and produced silver. With a growing awareness of sustainable practices, the Malaysia silver market may see a shift towards more eco-friendly mining and refining methods.
The Malaysia silver market is evolving, influenced by multiple factors. Silver holds both industrial and investment value, making it a versatile commodity. Industrial applications in electronics, photovoltaics, and healthcare are driving the demand for silver in Malaysia. Additionally, silver`s status as a store of value and a hedge against inflation is attracting investors and collectors. The growth of e-commerce platforms and increased accessibility to silver products have also contributed to the market`s expansion. As Malaysia economy continues to diversify, the silver market is expected to exhibit resilience and adapt to changing consumer preferences and economic conditions.
The silver market in Malaysia faces various challenges, including price volatility driven by global economic factors. The industry must also grapple with fluctuating demand from sectors like electronics and jewelry manufacturing, which are sensitive to economic conditions. Additionally, counterfeit and fake silver products pose a threat to market integrity, necessitating stringent quality control measures. Environmental sustainability concerns in mining and processing silver are also becoming increasingly important, requiring eco-friendly practices and responsible sourcing.
The Malaysia silver market experienced fluctuations during the COVID-19 pandemic. Economic uncertainties and changes in consumer spending patterns influenced the demand for silver products, including jewelry and investment-grade silver. As the economy stabilizes and consumer confidence improves, the market is expected to rebound. Silver`s role as a safe-haven asset and its diverse applications in industries like electronics and healthcare may contribute to its steady growth in the future.
The silver market in Malaysia is influenced by factors such as jewelry demand and industrial applications. Notable players in this market include Poh Kong Holdings Berhad, Tomei Consolidated Berhad, and various jewelry retailers and manufacturers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Silver Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Silver Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Silver Market - Industry Life Cycle |
3.4 Malaysia Silver Market - Porter's Five Forces |
3.5 Malaysia Silver Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Malaysia Silver Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Malaysia Silver Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of middle-class consumers in Malaysia, leading to higher spending on luxury items such as silver jewelry. |
4.2.2 Growing popularity of silver as a more affordable alternative to gold in Malaysia's jewelry market. |
4.2.3 Rising demand for silver in the industrial sector for applications such as electronics and solar panels. |
4.3 Market Restraints |
4.3.1 Fluctuating silver prices in the global market impacting the cost of raw materials for silver jewelry manufacturers in Malaysia. |
4.3.2 Competition from other materials like stainless steel and brass affecting the market share of silver products in Malaysia. |
4.3.3 Economic uncertainty and geopolitical factors influencing consumer confidence and spending on luxury items like silver jewelry. |
5 Malaysia Silver Market Trends |
6 Malaysia Silver Market, By Types |
6.1 Malaysia Silver Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Silver Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Malaysia Silver Market Revenues & Volume, By Sterling Silver, 2021-2031F |
6.1.4 Malaysia Silver Market Revenues & Volume, By German Silver, 2021-2031F |
6.1.5 Malaysia Silver Market Revenues & Volume, By Coin Silver, 2021-2031F |
6.1.6 Malaysia Silver Market Revenues & Volume, By Britannia Silver, 2021-2031F |
6.1.7 Malaysia Silver Market Revenues & Volume, By Mexican Silver, 2021-2031F |
6.1.8 Malaysia Silver Market Revenues & Volume, By Russian Silver, 2021-2031F |
6.1.9 Malaysia Silver Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Malaysia Silver Market Revenues & Volume, By Others, 2021-2031F |
6.2 Malaysia Silver Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Silver Market Revenues & Volume, By Silverware, 2021-2031F |
6.2.3 Malaysia Silver Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Malaysia Silver Market Revenues & Volume, By Jewelry, 2021-2031F |
6.2.5 Malaysia Silver Market Revenues & Volume, By Investment, 2021-2031F |
6.2.6 Malaysia Silver Market Revenues & Volume, By Photographic , 2021-2031F |
6.2.7 Malaysia Silver Market Revenues & Volume, By Films, 2021-2031F |
6.2.8 Malaysia Silver Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.9 Malaysia Silver Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
7 Malaysia Silver Market Import-Export Trade Statistics |
7.1 Malaysia Silver Market Export to Major Countries |
7.2 Malaysia Silver Market Imports from Major Countries |
8 Malaysia Silver Market Key Performance Indicators |
8.1 Average transaction value of silver jewelry purchases in Malaysia. |
8.2 Number of new design launches by silver jewelry manufacturers in Malaysia. |
8.3 Percentage of silver used in industrial applications compared to other materials in Malaysia. |
9 Malaysia Silver Market - Opportunity Assessment |
9.1 Malaysia Silver Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Malaysia Silver Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Malaysia Silver Market - Competitive Landscape |
10.1 Malaysia Silver Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Silver Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |