Africa: Silversmiths Ware Market 2022

Production By Country in Africa

The countries with the highest volumes of silversmiths ware production in 2021 were Ethiopia (X tons), Egypt (X tons) and Nigeria (X tons), with a combined X% share of total production. South Africa, Uganda, Algeria, Mozambique, Madagascar, Niger, Tunisia, Libya, Cameroon and Zimbabwe lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Niger (+X%), while silversmiths ware production for the other leaders experienced more modest paces of growth.

Silversmiths Ware Exports

Exports in Africa

In 2021, shipments abroad of articles of goldsmiths’ or silversmiths’ wares of silver was finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a deep downturn. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, silversmiths ware exports surged to $X in 2021. In general, exports, however, showed a pronounced descent. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, South Africa (X tons) represented the largest exporter of articles of goldsmiths’ or silversmiths’ wares of silver, creating X% of total exports. It was distantly followed by Zimbabwe (X tons), comprising a X% share of total exports. Ethiopia (X kg) and Niger (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to silversmiths ware exports from South Africa stood at -X%. At the same time, Ethiopia (+X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2012-2021. By contrast, Zimbabwe (-X%) and Niger (-X%) illustrated a downward trend over the same period. South Africa (+X p.p.) and Ethiopia (+X p.p.) significantly strengthened its position in terms of the total exports, while Zimbabwe and Niger saw its share reduced by -X% and -X% from 2012 to 2021, respectively.

In value terms, the largest silversmiths ware supplying countries in Africa were Zimbabwe ($X), South Africa ($X) and Niger ($X), together accounting for X% of total exports. These countries were followed by Ethiopia, which accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The silversmiths ware export price in Africa stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X% y-o-y. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Zimbabwe ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Silversmiths Ware Imports

Imports in Africa

In 2021, after two years of growth, there was significant decline in supplies from abroad of articles of goldsmiths’ or silversmiths’ wares of silver, when their volume decreased by -X% to X tons. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, silversmiths ware imports shrank notably to $X in 2021. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Angola (X kg) and Somalia (X kg) were the main importers of articles of goldsmiths’ or silversmiths’ wares of silver in Africa, together making up X% of total imports. Tunisia (X kg) took a X% share (based on tons) of total imports, which put it in second place, followed by Morocco (X%), Mauritius (X%) and Equatorial Guinea (X%). Namibia (X kg), Uganda (X kg), South Africa (X kg), Ghana (X kg), Central African Republic (X kg) and Swaziland (X kg) occupied a little share of total imports.

From 2012 to 2021, the biggest increases were in Somalia (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Somalia ($X) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of silver in Africa, comprising X% of total imports. The second position in the ranking was occupied by Mauritius ($X), with a X% share of total imports. It was followed by Equatorial Guinea, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Somalia totaled +X%. In the other countries, the average annual rates were as follows: Mauritius (-X% per year) and Equatorial Guinea (+X% per year).

Import Prices by Country

The silversmiths ware import price in Africa stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Central African Republic ($X per ton), while Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Central African Republic (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :