Report Update Feb 1, 2025

Kenya - Silver, Unwrought or in Powder Form - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Unwrought Silver Market 2025

Unwrought Silver Market Size in Kenya

In 2021, the Kenyan unwrought silver market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption recorded significant growth. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Unwrought Silver Production in Kenya

In value terms, unwrought silver production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Unwrought Silver Exports

Exports from Kenya

For the third year in a row, Kenya recorded decline in shipments abroad of silver, unwrought or in powder form, which decreased by -7.3% to X kg in 2021. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 500%. Over the period under review, the exports hit record highs at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, unwrought silver exports dropped to $X in 2021. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 234% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for unwrought silver exports from Kenya, with a 1,408% share of total exports. Moreover, unwrought silver exports to Switzerland exceeded the volume sent to the second major destination, South Africa (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland stood at +101.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+38.7% per year) and the United Arab Emirates (+15.5% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for silver, unwrought or in powder form exports from Kenya, comprising 64% of total exports. The second position in the ranking was taken by South Africa ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland amounted to +64.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+57.5% per year) and the United Arab Emirates (+1.9% per year).

Export Prices by Country

In 2021, the average unwrought silver export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+13.6%), while the prices for the other major destinations experienced a decline.

Unwrought Silver Imports

Imports into Kenya

In 2021, purchases abroad of silver, unwrought or in powder form was finally on the rise to reach X kg after three years of decline. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 833%. Imports peaked at X kg in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, unwrought silver imports soared to $X in 2021. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,038% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X kg) was the main supplier of unwrought silver to Kenya, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +51.5%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of silver, unwrought or in powder form to Kenya.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +54.7%.

Import Prices by Country

The average unwrought silver import price stood at $X per ton in 2021, waning by -25.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 22% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver, unwrought or in powder form in the world?

The countries with the highest volumes of unwrought silver consumption in 2021 were India, the United States and Mexico, together accounting for 36% of global consumption. These countries were followed by Peru, the UK, China, Germany, Australia, Argentina, Bolivia, Guatemala, Canada and Taiwan Chinese), which together accounted for a further 45%.

What are the largest producers of silver, unwrought or in powder form in the world?

The countries with the highest volumes of unwrought silver production in 2021 were Mexico, Peru and China, together comprising 36% of global production. Japan, South Korea, Hong Kong SAR, Germany, the UK, Poland, Argentina, Chile, Russia and Bolivia lagged somewhat behind, together accounting for a further 41%.

What are the leading suppliers of silver, unwrought or in powder form to Kenya?

In value terms, the United Arab Emirates constituted the largest supplier of unwrought silver to Kenya.

What are the leading importers of silver, unwrought or in powder form from Kenya?

In value terms, the largest markets for unwrought silver exported from Kenya were Switzerland, the United Arab Emirates and South Africa, together accounting for 100% of total exports.

What is the average export price for silver, unwrought or in powder form in Kenya?

The average unwrought silver export price stood at $433,306 per ton in 2021, rising by 7.1% against the previous year.

What is the average import price for silver, unwrought or in powder form in Kenya?

In 2021, the average unwrought silver import price amounted to $485,926 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the unwrought silver market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024