Africa: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in Africa

In 2022, the African silver goldsmiths non-jewelry article market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Silver Goldsmiths Non-Jewelry Articles in Africa

In value terms, silver goldsmiths non-jewelry article production rose rapidly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Exports of Silver Goldsmiths Non-Jewelry Articles

Exports in Africa

In 2022, approx. X tons of silver goldsmiths non-jewelry articles were exported in Africa; falling by X% compared with 2021. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, silver goldsmiths non-jewelry article exports contracted dramatically to $X in 2022. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa represented the largest exporter of silver goldsmiths non-jewelry articles in Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Tanzania (X kg) held the second position in the ranking, followed by Zimbabwe (X kg) and Mauritius (X kg). All these countries together held approx. X% share of total exports. Namibia (X kg), Niger (X kg) and Madagascar (X kg) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%), Niger (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Tanzania and Madagascar experienced a relatively flat trend pattern. By contrast, Zimbabwe (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania, Mauritius, Niger, Namibia and Madagascar increased by X, X, X, X and X percentage points, respectively.

In value terms, Mauritius ($X) emerged as the largest silver goldsmiths non-jewelry article supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports. It was followed by Niger, with an X% share.

In Mauritius, silver goldsmiths non-jewelry article exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X.0% per year) and Niger (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Overall, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mauritius ($X,337 per ton), while Namibia ($X per ton) 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 Silver Goldsmiths Non-Jewelry Articles

Imports in Africa

In 2022, the amount of silver goldsmiths non-jewelry articles imported in Africa dropped markedly to X tons, shrinking by X% compared with the previous year. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, silver goldsmiths non-jewelry article imports contracted markedly to $X in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa represented the major importing country with an import of about X tons, which reached X% of total imports. Tunisia (X kg) held the second position in the ranking, distantly followed by Mauritius (X kg) and Seychelles (X kg). All these countries together took approx. X% share of total imports. The following importers - Swaziland (X kg), Morocco (X kg), Botswana (X kg), Equatorial Guinea (X kg) and Zambia (X kg) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Seychelles ($X), Tunisia ($X) and Mauritius ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Tunisia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Seychelles ($X,188 per ton), while Zambia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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