Product Code: ETC038646 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Precious Metal Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 3.01% in 2025, growth builds up to 7.21% by 2029.
By 2027, Thailand's Precious Metal market is forecasted to achieve a stable growth rate of 4.82%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
Thailand precious metal market is witnessing a gradual growth in demand due to the increasing investment by individuals and institutions. The availability of gold, silver, platinum, and other precious metals in Thailand is also rising due to increased imports from other countries. Rapid urbanization in the country has also spurred investments in gold jewelry as an important asset class among high-income households. Moreover, government initiatives such as tax relief on jewelers have further helped increase the purchasing power of consumers.
Rising per capita income along with economic expansion are driving up consumer spending for luxury items such as gold jewelry and silverware that constitute major part of Thailand precious metal market size. Precious metals provide attractive returns over time making them a popular choice for long-term investments. Domestic investors have increasingly sought exposure to these markets through exchange traded funds (ETFs) or bullion coins/bars which adds up to the overall value of Thailand metal market size. Several incentives like reduction of import taxes on raw materials used by jewelers helping boost their business have been put forward by Thailand government encouraging more buyers into this sector thereby positively impacting its growth rate.
Global political & economic events often bear direct impact on prices causing significant volatility adding uncertainty to return expectations thus discouraging potential investors away from investing into this sector. Lack of awareness about benefits associated with investing or trading within this domain keeps many potential customers away leading too fewer sales figures than expected.
The outbreak of Covid 19 pandemic affected most industries including those related to precious metals since it disrupted global supply chains resulting into fluctuations within international markets hampering liquidity levels severely.Also travel restrictions imposed upon citizens made it difficult for people around world access physical stores leading towards online mode becoming primary source for purchases.However during Q2 2025, there was substantial increase witnessed within price segment implying higher demand & usage particularly amongst middle class section where gold serves purpose both form capital gain perspective & store value against inflation.
Key players operating within Thailand Precious Metal Market include Goldiam International Ltd., Exim Corporation Pte Ltd., Dhanraj Jewellers Pvt Ltd., Starline Impex Pvt Ltd., Ritika Jewelry Works Pvt Ltd., Royal Crystal Group Co.,Ltd.
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 Thailand Precious Metal Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Precious Metal Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Precious Metal Market - Industry Life Cycle |
3.4 Thailand Precious Metal Market - Porter's Five Forces |
3.5 Thailand Precious Metal Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Thailand Precious Metal Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Thailand Precious Metal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Precious Metal Market Trends |
6 Thailand Precious Metal Market, By Types |
6.1 Thailand Precious Metal Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Thailand Precious Metal Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Thailand Precious Metal Market Revenues & Volume, By Gold, 2021-2031F |
6.1.4 Thailand Precious Metal Market Revenues & Volume, By Silver, 2021-2031F |
6.1.5 Thailand Precious Metal Market Revenues & Volume, By Platinum Group Metals (PGM), 2021-2031F |
6.2 Thailand Precious Metal Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Thailand Precious Metal Market Revenues & Volume, By Jewelry, 2021-2031F |
6.2.3 Thailand Precious Metal Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Thailand Precious Metal Market Revenues & Volume, By Investment, 2021-2031F |
7 Thailand Precious Metal Market Import-Export Trade Statistics |
7.1 Thailand Precious Metal Market Export to Major Countries |
7.2 Thailand Precious Metal Market Imports from Major Countries |
8 Thailand Precious Metal Market Key Performance Indicators |
9 Thailand Precious Metal Market - Opportunity Assessment |
9.1 Thailand Precious Metal Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Thailand Precious Metal Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Thailand Precious Metal Market - Competitive Landscape |
10.1 Thailand Precious Metal Market Revenue Share, By Companies, 2024 |
10.2 Thailand Precious Metal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |