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

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

For the third year in a row, the South 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, however, recorded a deep downturn. Non-silver precious metal non-jewelry article 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 South Africa

In value terms, non-silver precious metal non-jewelry article production fell sharply to less than $X in 2022 estimated in export price. Overall, production, however, showed perceptible growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Non-silver precious metal non-jewelry article production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports from South Africa

In 2022, shipments abroad of non-silver precious metal non-jewelry articles increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article exports soared to $X in 2022. Over the period under review, exports showed a slight increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Namibia (X kg) was the main destination for non-silver precious metal non-jewelry article exports from South Africa, accounting for a X% share of total exports. Moreover, non-silver precious metal non-jewelry article exports to Namibia exceeded the volume sent to the second major destination, Lesotho (X kg), fourfold. The third position in this ranking was held by Botswana (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (X% per year) and Botswana (X% per year).

In value terms, the largest markets for non-silver precious metal non-jewelry article exported from South Africa were Namibia ($X), Angola ($X) and Lesotho ($X), with a combined X% share of total exports. Botswana, Australia and Swaziland lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-silver precious metal non-jewelry articles stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports into South Africa

In 2022, the amount of non-silver precious metal non-jewelry articles imported into South Africa surged to X tons, rising by X% against the year before. Over the period under review, imports, however, recorded a deep contraction. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-silver precious metal non-jewelry article imports surged to $X in 2022. Overall, imports, however, saw a precipitous decline. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest non-silver precious metal non-jewelry article supplier to South Africa, with a X% share of total imports. Moreover, non-silver precious metal non-jewelry article imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), eightfold. France (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of non-silver precious metal non-jewelry articles to South Africa, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average import price for non-silver precious metal non-jewelry articles amounted to $X per ton, reducing by X% against the previous year. Overall, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :