MENA: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in MENA

The MENA's semi-manufactured silver market reduced to $X in 2021, with a decrease of -7.4% against the previous year. Overall, consumption, however, saw buoyant growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Semi-Manufactured Silver Production in MENA

In value terms, semi-manufactured silver production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 68% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Semi-Manufactured Silver Exports

Exports in MENA

In 2021, the amount of silver in semi-manufactured forms exported in MENA soared to X tons, growing by 43% on 2020. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2020 when exports increased by 259%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, semi-manufactured silver exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 182% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was approx. 89% of total exports in 2021. It was distantly followed by Israel (X tons), mixing up a 5.1% share of total exports. Morocco (X tons) and the United Arab Emirates (X tons) took a minor share of total exports.

Turkey was also the fastest-growing in terms of the silver in semi-manufactured forms exports, with a CAGR of +41.2% from 2012 to 2021. At the same time, Israel (+22.8%) displayed positive paces of growth. By contrast, the United Arab Emirates (-16.9%) and Morocco (-17.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Israel increased by +78 and +3 percentage points, respectively.

In value terms, Turkey ($X) remains the largest semi-manufactured silver supplier in MENA, comprising 62% of total exports. The second position in the ranking was held by Israel ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 9.3% share.

In Turkey, semi-manufactured silver exports increased at an average annual rate of +32.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (+22.6% per year) and the United Arab Emirates (-21.5% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, which is down by -1.7% against the previous year. Over the period under review, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 3.3% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-0.2%), while the other leaders experienced a decline in the export price figures.

Semi-Manufactured Silver Imports

Imports in MENA

In 2021, supplies from abroad of silver in semi-manufactured forms increased by 37% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +5.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons) and Israel (X tons) represented the main importers of silver in semi-manufactured forms in 2021, amounting to approx. 29% and 23% of total imports, respectively. The United Arab Emirates (X tons) held the next position in the ranking, followed by Tunisia (X tons), Algeria (X tons) and Kuwait (X tons). All these countries together held near 42% share of total imports. Egypt (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tunisia (with a CAGR of +35.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported silver in semi-manufactured forms in MENA, comprising 45% of total imports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with an 18% share.

In Israel, semi-manufactured silver imports expanded at an average annual rate of +8.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-0.5% per year) and the United Arab Emirates (-8.5% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, increasing by 1.8% against the previous year. In general, the import price, however, saw a deep slump. The growth pace was the most rapid in 2020 when the import price increased by 21%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+8.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform