SADC: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in SADC

The SADC semi-manufactured silver market stood at $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Semi-Manufactured Silver Production in SADC

In value terms, semi-manufactured silver production stood at $X in 2022 estimated in export price. Overall, production, however, saw mild growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Semi-Manufactured Silver Exports

Exports in SADC

In 2022, the amount of silver in semi-manufactured forms exported in SADC surged to X tons, increasing by X% compared with 2021. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, semi-manufactured silver exports soared to $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The shipments of the one major exporters of silver in semi-manufactured forms, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the silver in semi-manufactured forms exports, with a CAGR of X% from 2012 to 2022. South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest semi-manufactured silver supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, posted moderate growth. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X,737 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Semi-Manufactured Silver Imports

Imports in SADC

Semi-manufactured silver imports fell significantly to X tons in 2022, with a decrease of X% compared with the previous year's figure. Over the period under review, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped sharply in the following year.

In value terms, semi-manufactured silver imports shrank rapidly to $X in 2022. Overall, imports continue to indicate a mild downturn. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Zimbabwe (X tons) and Malawi (X tons), together generating a X% share of total imports. Zambia (X kg), Namibia (X kg), Mauritius (X kg) and Angola (X kg) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to semi-manufactured silver imports into South Africa stood at X%. At the same time, Zambia (X%), Zimbabwe (X%), Malawi (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%) and Angola (X%) illustrated a downward trend over the same period. Zimbabwe (X p.p.), Malawi (X p.p.), Zambia (X p.p.) and Namibia (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritius, South Africa and Angola saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported silver in semi-manufactured forms in SADC, comprising X% of total imports. The second position in the ranking was held by Mauritius ($X), with an X% share of total imports. It was followed by Zimbabwe, with a X% share.

In South Africa, semi-manufactured silver imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price showed moderate growth. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, 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 Mauritius ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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