Kenya: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Kenya

The Kenyan semi-manufactured silver market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a slight decline. Semi-manufactured silver consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Semi-Manufactured Silver Production in Kenya

In value terms, semi-manufactured silver production rose significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of 37%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Semi-Manufactured Silver Exports

Exports from Kenya

In 2021, approx. X kg of silver in semi-manufactured forms were exported from Kenya; almost unchanged from the previous year's figure. Over the period under review, exports showed a significant increase. The smallest decline of 99.9% was in 2017. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, semi-manufactured silver exports stood at $X in 2021. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2017. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

South Sudan (X kg) was the main destination for semi-manufactured silver exports from Kenya, with a approx. 100% share of total exports.

From 2016 to 2021, the average annual rate of growth in terms of volume to South Sudan was relatively modest.

From 2016 to 2021, the average annual rate of growth in terms of value to South Sudan was relatively modest.

Export Prices by Country

The average semi-manufactured silver export price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the export price recorded a dramatic downturn. The pace of growth was the most pronounced in 2017 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Sudan.

From 2016 to 2021, the rate of growth in terms of prices for South Sudan amounted to 0.0% per year.

Semi-Manufactured Silver Imports

Imports into Kenya

Semi-manufactured silver imports into Kenya soared to X kg in 2021, picking up by 47% on 2020 figures. In general, imports enjoyed buoyant growth. The growth pace was the most rapid in 2014 with an increase of 5,167% against the previous year. Imports peaked at X kg in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, semi-manufactured silver imports soared to $X in 2021. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by 3,534% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X kg) constituted the largest supplier of semi-manufactured silver to Kenya, with a 48% share of total imports. Moreover, semi-manufactured silver imports from the UK exceeded the figures recorded by the second-largest supplier, India (X kg), threefold. The third position in this ranking was taken by the United Arab Emirates (X kg), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.6% per year) and the United Arab Emirates (+22.0% per year).

In value terms, the UK ($X), the United States ($X) and the United Arab Emirates ($X) constituted the largest semi-manufactured silver suppliers to Kenya, together accounting for 77% of total imports.

The United States, with a CAGR of +127.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average semi-manufactured silver import price stood at $X per ton in 2021, declining by -4.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 101%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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