Africa: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in Africa

For the third consecutive year, the African market for non-silver precious metal non-jewelry articles recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption posted a tangible increase. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Silver Precious Metal Non-Jewelry Articles in Africa

In value terms, non-silver precious metal non-jewelry article production amounted to $X in 2022 estimated in export price. Overall, production, however, posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

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Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports in Africa

In 2022, shipments abroad of non-silver precious metal non-jewelry articles increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article exports totaled $X in 2022. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Egypt (X kg), comprising a X% share of total exports. Ethiopia (X kg) and Mauritius (X kg) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-silver precious metal non-jewelry article exports from South Africa stood at X%. At the same time, Ethiopia (X%), Egypt (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Egypt (X p.p.), Ethiopia (X p.p.) and Mauritius (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, Egypt ($X) remains the largest non-silver precious metal non-jewelry article supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

In Egypt, non-silver precious metal non-jewelry article exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per kg, shrinking by X% against the previous year. In general, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per kg in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per kg), while South Africa ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports in Africa

In 2022, the amount of non-silver precious metal non-jewelry articles imported in Africa soared to X tons, increasing by X% against 2021. Over the period under review, imports, however, showed a abrupt descent. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-silver precious metal non-jewelry article imports surged to $X in 2022. In general, imports, however, saw a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) represented the key importer of non-silver precious metal non-jewelry articles, creating X% of total imports. It was distantly followed by Democratic Republic of the Congo (X tons), mixing up a X% share of total imports. Morocco (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-silver precious metal non-jewelry article imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Democratic Republic of the Congo (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported non-silver precious metal non-jewelry articles in Africa, comprising X% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total imports.

In South Africa, non-silver precious metal non-jewelry article imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per kg, reducing by X% against the previous year. In general, the import price saw a deep slump. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per kg. From 2018 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per kg), while Morocco ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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