Store - Basic Precious Metals

Apr 18, 2024

227

In 2023, the MENA's unwrought silver market decreased by -21.5% to $1B for the first time since 2016, thus ending a six-year rising trend. In general, consumption, however, enjoyed a noticeable increase. As a result, consumption reached the peak level of $1.3B, and then contracted remarkably in the following year.

Apr 18, 2024

472

The CIS unwrought silver market skyrocketed to $431M in 2023, increasing by 16% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $717M in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Apr 18, 2024

437

The Asian unwrought silver market contracted to $5.8B in 2023, with a decrease of -11.8% against the previous year. Overall, consumption continues to indicate a perceptible downturn. The level of consumption peaked at $10.2B in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Apr 18, 2024

262

The West African unwrought silver market expanded sharply to $15M in 2023, growing by 5.3% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of +3.9% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by -4.9% against 2021 indices. The level of consumption peaked at $16M in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Apr 18, 2024

423

The Asia-Pacific unwrought silver market dropped to $5.5B in 2023, reducing by -13.9% against the previous year. In general, consumption recorded a pronounced shrinkage. Over the period under review, the market reached the maximum level at $10.4B in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Apr 18, 2024

119

In 2023, the Benelux unwrought silver market increased by 136% to $457M, rising for the third consecutive year after three years of decline. Over the period under review, consumption enjoyed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Apr 18, 2024

166

The SADC unwrought silver market amounted to $67M in 2023, increasing by 2.3% against the previous year. Overall, consumption, however, showed a pronounced curtailment. Over the period under review, the market attained the maximum level at $98M in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Apr 18, 2024

175

The ECOWAS unwrought silver market expanded sharply to $15M in 2023, with an increase of 5.7% against the previous year. Overall, consumption continues to indicate a moderate expansion. The level of consumption peaked at $16M in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Apr 18, 2024

143

The MERCOSUR unwrought silver market rose markedly to $5.4B in 2023, picking up by 6.6% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $5.8B. From 2022 to 2023, the growth of the market remained at a lower figure.

Apr 18, 2024

155

The GCC unwrought silver market skyrocketed to $168M in 2023, jumping by 50% against the previous year. In general, consumption, however, recorded a abrupt curtailment. Over the period under review, the market hit record highs at $330M in 2012; however, from 2013 to 2023, consumption remained at a lower figure.