Report Update Nov 1, 2024

South Africa - Articles of Goldsmiths’ or Silversmiths’ Wares of Silver - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Silversmiths Ware Market 2022

Silversmiths Ware Exports

Exports from South Africa

In 2021, after two years of decline, there was significant growth in overseas shipments of articles of goldsmiths’ or silversmiths’ wares of silver, when their volume increased by X% to X tons. Overall, exports, however, showed a noticeable setback. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, silversmiths ware exports skyrocketed to $X in 2021. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X kg), Swaziland (X kg) and Namibia (X kg) were the main destinations of silversmiths ware exports from South Africa, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in Swaziland (+X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for silversmiths ware exports from South Africa, comprising X% of total exports. The second position in the ranking was occupied by Namibia ($X), with an X% share of total exports. It was followed by Swaziland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-X% per year) and Swaziland (+X% per year).

Export Prices by Country

In 2021, the average silversmiths ware export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price enjoyed a strong increase. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Lesotho ($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 Botswana (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Silversmiths Ware Imports

Imports into South Africa

Silversmiths ware imports into South Africa declined notably to X kg in 2021, with a decrease of -X% against the previous year. Overall, imports saw a precipitous decrease. The pace of growth was the most pronounced in 2019 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silversmiths ware imports declined sharply to $X in 2021. In general, imports continue to indicate a sharp contraction. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X kg) constituted the largest supplier of silversmiths ware to South Africa, accounting for a X% share of total imports. Moreover, silversmiths ware imports from the United States exceeded the figures recorded by the second-largest supplier, Zimbabwe (X kg), twofold. The third position in this ranking was occupied by the UK (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Zimbabwe (-X% per year) and the UK (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of silversmiths ware to South Africa, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Thailand (-X% per year).

Import Prices by Country

The average silversmiths ware import price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the import price, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mauritius ($X per ton), while the price for the Netherlands ($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 Netherlands (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of goldsmiths’ or silversmiths’ wares of silver in the world?

Italy remains the largest silversmiths ware consuming country worldwide, accounting for 32% of total volume. Moreover, silversmiths ware consumption in Italy exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 5.3% share.

What are the largest producers of articles of goldsmiths’ or silversmiths’ wares of silver in the world?

The country with the largest volume of silversmiths ware production was Italy, comprising approx. 35% of total volume. Moreover, silversmiths ware production in Italy exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was occupied by India, with a 5.8% share.

What are the leading suppliers of articles of goldsmiths’ or silversmiths’ wares of silver to South Africa?

In value terms, the United States constituted the largest supplier of silversmiths ware to South Africa, comprising 58% of total imports. The second position in the ranking was occupied by the UK, with a 3.9% share of total imports. It was followed by Thailand, with a 3.7% share.

What are the leading importers of articles of goldsmiths’ or silversmiths’ wares of silver from South Africa?

In value terms, the United States remains the key foreign market for silversmiths ware exports from South Africa, comprising 79% of total exports. The second position in the ranking was occupied by Namibia, with an 8.9% share of total exports. It was followed by Swaziland, with a 5.3% share.

What is the average export price for articles of goldsmiths’ or silversmiths’ wares of silver in South Africa?

In 2021, the average silversmiths ware export price amounted to $100,784 per ton, rising by 17% against the previous year.

What is the average import price for articles of goldsmiths’ or silversmiths’ wares of silver in South Africa?

The average silversmiths ware import price stood at $418,778 per ton in 2021, surging by 4.5% against the previous year.

This report provides an in-depth analysis of the silversmiths ware market in South Africa. 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 2025.

Product coverage:

Prodcom 32121351 - Articles of goldsmiths

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
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
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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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023