Jewellery Industry in Malaysia : An Overview 2020
Similarly to global trend, Gold Jewellery Demand in Malaysia trend has been decreasing on year-on-year basis at -5% between 2016 and 2019. On the contrary, despite the global demand for gold is trending at negative, the published price of gold has steadily increased to USD 1,404.31 per oz. in 2019 compared to USD 1,247.66 per oz. in 2016. In export, the growth in jewellery export has been marginal at CAGR 1.2% between 2016 and 2019 that was valued at USD 1,442,713 million in 2019.