Price for Silver Compounds; Excluding Silver Nitrates in Kenya - 2022

Price for Silver Compounds; Excluding Silver Nitrates in Kenya (CIF) - 2022

In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $28,519 per ton, approximately reflecting the previous year. Over the period under review, the import price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 27%. Over the period under review, average import prices reached the peak figure at $139,270 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($40,522 per ton), while the price for South Africa ($4,176 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-14.7%), while the prices for the other major suppliers experienced a decline.

Price for Silver Compounds; Excluding Silver Nitrates in Kenya (FOB) - 2022

In 2022, the average export price for silver compounds; excluding silver nitrateses amounted to $75,782 per ton, declining by -4.1% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $116,990 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($76,227 per ton), while the average price for exports to Tanzania amounted to $13,429 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+3.7%).

Imports of Silver Compounds; Excluding Silver Nitrates in Kenya

In 2022, the amount of silver compounds; excluding silver nitrateses imported into Kenya contracted sharply to 7.5 tons, shrinking by -29.3% against 2021. Over the period under review, imports, however, posted a moderate expansion. The growth pace was the most rapid in 2021 with an increase of 174%. As a result, imports reached the peak of 11 tons, and then declined remarkably in the following year.

In value terms, silver compounds; excluding silver nitrates imports reduced remarkably to $214K in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 132%. As a result, imports reached the peak of $299K, and then reduced rapidly in the following year.

Import of Silver Compounds; Excluding Silver Nitrates in Kenya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	166	122	268	195	5.5%
India	4.1	4.0	28.2	17.6	62.5%
South Africa	3.0	2.2	1.6	0.6	-41.5%
Others	0.8	0.3	0.6	0.2	-37.0%
Total	174	129	299	214	7.1%

Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Kenya in 2022:

Netherlands (4.8 tons)
India (2.5 tons)
South Africa (0.1 tons)

Exports of Silver Compounds; Excluding Silver Nitrates in Kenya

In 2022, after three years of growth, there was significant decline in overseas shipments of silver compounds; excluding silver nitrateses, when their volume decreased by -25.2% to 187 kg. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 324%.

In value terms, silver compounds; excluding silver nitrates exports shrank dramatically to $14K in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 408% against the previous year.