Africa: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Africa

The African semi-manufactured silver market dropped modestly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a slight curtailment. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Semi-Manufactured Silver Production in Africa

In value terms, semi-manufactured silver production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Semi-Manufactured Silver Exports

Exports in Africa

Semi-manufactured silver exports soared to X tons in 2022, with an increase of X% on the previous year's figure. Overall, exports posted a tangible expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, semi-manufactured silver exports soared to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

South Africa was the largest exporter of silver in semi-manufactured forms in Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Morocco (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Burkina Faso (X%).

From 2012 to 2022, average annual rates of growth with regard to semi-manufactured silver exports from South Africa stood at X%. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Burkina Faso increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest semi-manufactured silver supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total exports.

In South Africa, semi-manufactured silver 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: Burkina Faso (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Semi-Manufactured Silver Imports

Imports in Africa

In 2022, overseas purchases of silver in semi-manufactured forms decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, semi-manufactured silver imports shrank to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Algeria (X tons) was the main importer of silver in semi-manufactured forms, comprising X% of total imports. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Egypt (X%), Tunisia (X%) and Morocco (X%). The following importers - Zimbabwe (X tons) and Malawi (X tons) - each reached a X% share of total imports.

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

In value terms, the largest semi-manufactured silver importing markets in Africa were South Africa ($X), Egypt ($X) and Algeria ($X), together comprising X% of total imports. Tunisia, Morocco, Zimbabwe and Malawi lagged somewhat behind, together accounting for a further X%.

Malawi, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, approximately equating the previous year. In general, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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