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Report Western Africa - Articles of Goldsmiths’ Wares of Base Metal Clad With Precious Metal - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Articles of Goldsmiths’ Wares of Base Metal Clad With Precious Metal - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Market for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal 2024

Market Size for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Western Africa

The West African market for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X in 2022, surging by 1.6% against the previous year. Over the period under review, consumption, however, showed a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Western Africa

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The growth pace was the most rapid in 2018 when the production volume increased by 76%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Exports by Country

Nigeria (X kg) and Cote d'Ivoire (X kg) dominates metal structure, together comprising 95% of total exports. It was distantly followed by Niger (X kg), making up a 5% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cote d'Ivoire (with a CAGR of +14.5%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest precious metal-clad goldsmiths ware articles of base metals supplying countries in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Niger ($X), with a combined 3.8% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of +23.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per kg, increasing by 251% against the previous year. Overall, the export price recorded significant growth. The growth pace was the most rapid in 2016 when the export price increased by 695%. Over the period under review, the export prices reached the peak figure at $X per kg in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per kg), while Niger ($X per kg) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+8.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Imports in Western Africa

In 2022, approx. X tons of articles of goldsmiths’ wares of base metal clad with precious metal were imported in Western Africa; which is down by -33.4% compared with 2021 figures. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 249% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal fell remarkably to $X in 2022. Overall, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 213% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then plummeted in the following year.

Imports by Country

The purchases of the one major importers of articles of goldsmiths’ wares of base metal clad with precious metal, namely Nigeria, represented more than two-thirds of total import.

Nigeria was also the fastest-growing in terms of the articles of goldsmiths’ wares of base metal clad with precious metal imports, with a CAGR of +17.0% from 2012 to 2022. From 2012 to 2022, the share of Nigeria increased by +44 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported articles of goldsmiths’ wares of base metal clad with precious metal in Western Africa.

In Nigeria, imports of articles of goldsmiths’ wares of base metal clad with precious metal increased at an average annual rate of +9.3% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2013 when the import price increased by 72% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -6.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption of articles of goldsmiths’ wares of base metal clad with precious metal in 2020 were Ghana, Niger and Cote d'Ivoire, with a combined 40% share of total consumption. Mali, Senegal, Burkina Faso, Benin, Togo, Sierra Leone and Liberia lagged somewhat behind, together accounting for a further 58%.
The countries with the highest volumes of production of articles of goldsmiths’ wares of base metal clad with precious metal in 2020 were Senegal, Ghana and Niger, with a combined 45% share of total production.
In value terms, Gambia constitutes the largest market for imported articles of goldsmiths’ wares of base metal clad with precious metal in Western Africa, comprising 55% of total imports. The second position in the ranking was occupied by Guinea, with a 25% share of total imports. It was followed by Togo, with a 8% share.
The export price for articles of goldsmiths’ wares of base metal clad with precious metal in Western Africa stood at $0.8 per kg in 2020, approximately reflecting-% against the previous year.
In 2020, the import price for articles of goldsmiths’ wares of base metal clad with precious metal in Western Africa amounted to $123,241 per ton, growing by 277% against the previous year.

This report provides an in-depth analysis of the market for precious metal-clad goldsmiths ware articles of base metals 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 2030.

Product coverage:

  • Prodcom 32121355 - 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’ Wares of Base Metal Clad with Precious Metal - Western Africa
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Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal - Western Africa - Table
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Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal - Western Africa - Dashboard
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Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal - Western Africa - Report