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Report Western Africa - Articles of Goldsmiths’ or Silversmiths’ Wares of Silver - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Western Africa: Silversmiths Ware Market 2022

Production By Country in Western Africa

Nigeria (X tons) constituted the country with the largest volume of silversmiths ware production, comprising approx. X% of total volume. Moreover, silversmiths ware production in Nigeria exceeded the figures recorded by the second-largest producer, Niger (X tons), fourfold. Burkina Faso (X tons) ranked third in terms of total production with a X% share.

In Nigeria, silversmiths ware production expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Niger (+X% per year) and Burkina Faso (-X% per year).

Silversmiths Ware Exports

Exports by Country

The shipments of the one major exporters of articles of goldsmiths’ or silversmiths’ wares of silver, namely Niger, represented more than two-thirds of total export.

Niger was also the fastest-growing in terms of the articles of goldsmiths’ or silversmiths’ wares of silver exports, with a CAGR of -X% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Niger ($X) also remains the largest silversmiths ware supplier in Western Africa.

From 2012 to 2021, the average annual growth rate of value in Niger totaled -X%.

Export Prices by Country

The silversmiths ware export price in Western Africa stood at $X per kg in 2021, rising by X% against the previous year. In general, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2018 to 2021, the the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Niger amounted to -X% per year.

Silversmiths Ware Imports

Imports in Western Africa

In 2021, after two years of growth, there was significant decline in supplies from abroad of articles of goldsmiths’ or silversmiths’ wares of silver, when their volume decreased by -X% to X kg. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X% year-to-year. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, silversmiths ware imports rose markedly to $X in 2021. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2014 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, Ghana (X kg) represented the major importer of articles of goldsmiths’ or silversmiths’ wares of silver, creating X% of total imports. Mali (X kg) took an X% share (based on tons) of total imports, which put it in second place, followed by Senegal (X%). Nigeria (X kg), Cabo Verde (X kg), Mauritania (X kg) and Liberia (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to silversmiths ware imports into Ghana stood at +X%. At the same time, Mali (+X%), Cabo Verde (+X%), Nigeria (+X%) and Liberia (+X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +X% from 2012-2021. By contrast, Mauritania (-X%) and Senegal (-X%) illustrated a downward trend over the same period. Ghana (+X p.p.), Mali (+X p.p.), Nigeria (+X p.p.), Mauritania (+X p.p.) and Cabo Verde (+X p.p.) significantly strengthened its position in terms of the total imports, while Senegal saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silversmiths ware importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Mali ($X), with a combined X% share of total imports.

Among the main importing countries, Mali, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the silversmiths ware import price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a perceptible reduction. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of silversmiths ware consumption was Nigeria, comprising approx. 61% of total volume. Moreover, silversmiths ware consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Niger, fourfold. Burkina Faso ranked third in terms of total consumption with a 6% share.
Nigeria constituted the country with the largest volume of silversmiths ware production, accounting for 61% of total volume. Moreover, silversmiths ware production in Nigeria exceeded the figures recorded by the second-largest producer, Niger, fourfold. The third position in this ranking was occupied by Burkina Faso, with a 6% share.
In value terms, Niger remains the largest silversmiths ware supplier in Western Africa.
In value terms, Nigeria, Ghana and Mali were the countries with the highest levels of imports in 2021, with a combined 75% share of total imports.
The silversmiths ware export price in Western Africa stood at $351 per kg in 2021, with an increase of 33% against the previous year.
In 2021, the silversmiths ware import price in Western Africa amounted to $189,789 per ton, surging by 1,782% against the previous year.

This report provides an in-depth analysis of the silversmiths ware market in Western 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:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western 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
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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Free Data: Articles of Goldsmiths’ or Silversmiths’ Wares of Silver - Western Africa
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Articles of Goldsmiths’ or Silversmiths’ Wares of Silver - Western Africa - Table
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Articles of Goldsmiths’ or Silversmiths’ Wares of Silver - Western Africa - Dashboard
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Articles of Goldsmiths’ or Silversmiths’ Wares of Silver - Western Africa - Report