Africa: Market for Precious Metal-Clad Goldsmiths Articles of Base Metals 2024

Market Size for Precious Metal-Clad Goldsmiths Articles of Base Metals in Africa

The African market for precious metal-clad goldsmiths articles of base metals rose to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a pronounced decrease. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Precious Metal-Clad Goldsmiths Articles of Base Metals in Africa

In value terms, production of precious metal-clad goldsmiths articles of base metals soared to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a somewhat lower figure.

Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports in Africa

In 2022, after four years of decline, there was significant growth in overseas shipments of precious metal-clad goldsmiths articles of base metals, when their volume increased by X% to X tons. In general, exports continue to indicate a mild expansion. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of precious metal-clad goldsmiths articles of base metals skyrocketed to $X in 2022. Overall, exports showed a resilient expansion. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons) and South Africa (X tons) represented the largest exporters of precious metal-clad goldsmiths articles of base metals in 2022, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by Nigeria (X tons), creating a X% share of total exports. Egypt (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest precious metal-clad goldsmiths article of base metals supplying countries in Africa were Tunisia ($X), South Africa ($X) and Egypt ($X), with a combined X% share of total exports.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, showed prominent growth. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports in Africa

In 2022, purchases abroad of precious metal-clad goldsmiths articles of base metals increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of precious metal-clad goldsmiths articles of base metals expanded modestly to $X in 2022. In general, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Morocco (X tons) represented the main importer of precious metal-clad goldsmiths articles of base metals, committing X% of total imports. Niger (X tons) ranks second in terms of the total imports with a X% share, followed by South Africa (X%), Angola (X%), Democratic Republic of the Congo (X%) and Botswana (X%). Ethiopia (X kg), Lesotho (X kg), Mauritius (X kg), Cote d'Ivoire (X kg), Togo (X kg), Swaziland (X kg) and Namibia (X kg) held a little share of total imports.

Imports into Morocco decreased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%), Ethiopia (X%), Angola (X%), Mauritius (X%), Togo (X%), Lesotho (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Niger experienced a relatively flat trend pattern. By contrast, Swaziland (X%), Botswana (X%), Namibia (X%) and South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, Niger, Democratic Republic of the Congo, Angola, Ethiopia, Lesotho, Mauritius, Togo, Botswana, Cote d'Ivoire and Swaziland increased by X, X, X, X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X), Mauritius ($X) and Angola ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Cote d'Ivoire, South Africa, Togo, Namibia, Ethiopia, Botswana, Swaziland, Lesotho, Democratic Republic of the Congo and Niger lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, surging by X% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for precious metal-clad goldsmiths articles of base metals decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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