SADC: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in SADC

In 2022, the SADC silver goldsmiths non-jewelry article market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. 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 reached the peak level and is likely to continue growth in the immediate term.

Production of Silver Goldsmiths Non-Jewelry Articles in SADC

In value terms, silver goldsmiths non-jewelry article production expanded markedly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Silver Goldsmiths Non-Jewelry Articles

Exports in SADC

In 2022, the amount of silver goldsmiths non-jewelry articles exported in SADC reduced markedly to X tons, declining by X% compared with the previous year. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, silver goldsmiths non-jewelry article exports dropped markedly to $X in 2022. In general, exports saw a noticeable decline. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the largest exporting country with an export of around X tons, which finished at X% of total exports. Tanzania (X kg) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Zimbabwe (X%) and Mauritius (X%). The following exporters - Namibia (X kg) and Madagascar (X kg) - together made up X% of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, 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. Tanzania (X p.p.), Mauritius (X p.p.), Namibia (X p.p.), Madagascar (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while Zimbabwe saw its share reduced by X% from 2012 to 2022, respectively.

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

In Mauritius, silver goldsmiths non-jewelry article exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X.0% per year) and South Africa (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 mixed trends in the export price figures.

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports in SADC

Silver goldsmiths non-jewelry article imports dropped sharply to X tons in 2022, shrinking by X% on 2021 figures. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, silver goldsmiths non-jewelry article imports fell to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Mauritius (X kg) ranks second in terms of the total imports with an X% share, followed by Seychelles (X%) and Swaziland (X%). The following importers - Botswana (X kg), Zambia (X kg) and Mozambique (X kg) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to silver goldsmiths non-jewelry article imports into South Africa stood at X%. At the same time, Mozambique (X%), Seychelles (X%), Swaziland (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) and Mauritius (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Seychelles, Swaziland, Botswana, Mauritius and Mozambique increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Seychelles ($X), Mauritius ($X) and South Africa ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Seychelles, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in SADC stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Mauritius (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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