Kenya - Silver, Unwrought or in Powder Form - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKenya: Unwrought Silver Market 2024
Unwrought Silver Market Size in Kenya
The Kenyan unwrought silver market surged to $X in 2023, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Unwrought Silver Production in Kenya
In value terms, unwrought silver production rose markedly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Unwrought silver production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.
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Unwrought Silver Exports
Exports from Kenya
Unwrought silver exports from Kenya declined remarkably to X kg in 2023, which is down by X% compared with 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at X kg in 2022, and then contracted significantly in the following year.
In value terms, unwrought silver exports fell remarkably to $X in 2023. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.
Exports by Country
South Africa (X kg), the United Arab Emirates (X kg) and Switzerland (X kg) were the main destinations of unwrought silver exports from Kenya.
From 2012 to 2023, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, South Africa ($X), the United Arab Emirates ($X) and Switzerland ($X) appeared to be the largest markets for unwrought silver exported from Kenya worldwide.
Among the main countries of destination, South Africa, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average unwrought silver export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X,000 per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced mixed trend patterns.
Unwrought Silver Imports
Imports into Kenya
In 2023, after two years of decline, there was decline in supplies from abroad of silver, unwrought or in powder form, when their volume decreased by X% to X kg. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X kg in 2020; however, from 2021 to 2023, imports failed to regain momentum.
In value terms, unwrought silver imports totaled $X in 2023. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.
Imports by Country
In 2023, the United Arab Emirates (X kg) was the main unwrought silver supplier to Kenya, with a approx. X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of silver, unwrought or in powder form to Kenya.
From 2012 to 2023, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%.
Import Prices by Country
The average unwrought silver import price stood at $X per ton in 2023, leveling off at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked in 2023 and is likely to see gradual growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.
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This report provides an in-depth analysis of the unwrought silver market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The Asian unwrought silver market contracted to $5.8B in 2023, with a decrease of -11.8% against the previous year. Overall, consumption continues to indicate a perceptible downturn. The level of consumption peaked at $10.2B in 2013; however, from 2014 to 2023, consumption remained at a lower figure.
In 2023, the U.S. unwrought silver market increased by 21% to $3.9B for the first time since 2020, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. Unwrought silver consumption peaked at $4.4B in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.
The Chinese unwrought silver market was finally on the rise to reach $921M in 2023, after four years of decline. Over the period under review, consumption, however, saw a pronounced curtailment. Unwrought silver consumption peaked at $1.3B in 2018; however, from 2019 to 2023, consumption failed to regain momentum.
After two years of growth, the EU unwrought silver market decreased by -4.2% to $2.9B in 2023. Over the period under review, consumption, however, posted a notable expansion. Over the period under review, the market reached the maximum level at $3B in 2022, and then reduced modestly in the following year.
In 2023, the global unwrought silver market decreased by -3% to $26.7B, falling for the second year in a row after three years of growth. Overall, consumption showed a mild decrease. Global consumption peaked at $32B in 2012; however, from 2013 to 2023, consumption failed to regain momentum.