Egypt: Silver Market 2025

Silver Market Size in Egypt

The Egyptian silver market shrank to $X in 2021, waning by -9.3% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Silver Production in Egypt

In value terms, silver production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Silver Exports

Exports from Egypt

In 2021, shipments abroad of silver including silver plated with gold or platinum increased by 3.1% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a pronounced increase. The pace of growth appeared the most rapid in 2020 with an increase of 14,902%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, silver exports skyrocketed to $X in 2021. Overall, exports saw mild growth. The pace of growth appeared the most rapid in 2020 when exports increased by 14,701%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for silver exports from Egypt, with a 94% share of total exports. Moreover, silver exports to the United Arab Emirates exceeded the volume sent to the second major destination, Turkey (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-23.9% per year) and Germany (+23.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for silver including silver plated with gold or platinum exports from Egypt, comprising 92% of total exports. The second position in the ranking was held by Turkey ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-26.2% per year) and Germany (+25.5% per year).

Export Prices by Country

In 2021, the average silver export price amounted to $X per kg, jumping by 33% against the previous year. Overall, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 2,011% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per kg), while the average price for exports to the United Arab Emirates ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Silver Imports

Imports into Egypt

In 2021, overseas purchases of silver including silver plated with gold or platinum were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 81%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silver imports contracted markedly to $X in 2021. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2018 when imports increased by 145%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest silver supplier to Egypt, with a 84% share of total imports. Moreover, silver imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was held by South Korea (X kg), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.3% per year) and South Korea (+10.8% per year).

In value terms, Italy ($X) constituted the largest supplier of silver including silver plated with gold or platinum to Egypt, comprising 63% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by Malaysia, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.9% per year) and Malaysia (-38.9% per year).

Import Prices by Country

In 2021, the average silver import price amounted to $X per ton, which is down by -42% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2020 an increase of 37%. As a result, import price reached the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+38.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :