Semi-Manufactured Silver Market in Saudi Arabia
Market Overview
In 
, after two years of growth, there was significant decline in the Saudi semi-manufactured silver market, when its value decreased by -% to $. Over the period under review, consumption showed a abrupt downturn. Semi-manufactured silver consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In value terms, semi-manufactured silver production declined sharply to $ in estimated in export price. In general, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in when the production volume increased by % against the previous year. Semi-manufactured silver production peaked at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
, after two years of growth, there was significant decline in the Saudi semi-manufactured silver market, when its value decreased by -% to $. Over the period under review, consumption showed a abrupt downturn. Semi-manufactured silver consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.In value terms, semi-manufactured silver production declined sharply to $
in estimated in export price. In general, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in when the production volume increased by % against the previous year. Semi-manufactured silver production peaked at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.Consumption
In , consumption of silver in semi-manufactured forms decreased by -% to tons, falling for the second consecutive year after three years of growth. Over the period under review, consumption showed a deep contraction. Over the period under review, consumption attained the maximum volume at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The revenue of the semi-manufactured silver market in Saudi Arabia dropped to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt decrease. Semi-manufactured silver consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, consumption of silver in semi-manufactured forms decreased by -% to tons, falling for the second consecutive year after three years of growth. Over the period under review, consumption showed a deep contraction. Over the period under review, consumption attained the maximum volume at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The revenue of the semi-manufactured silver market in Saudi Arabia dropped to $
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt decrease. Semi-manufactured silver consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for semi-manufactured silver in Saudi Arabia, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of semi-manufactured silver in Saudi Arabia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for semi-manufactured silver.
Trade Balance
Saudi Arabia remains a net importer of semi-manufactured silver; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.
. In , there was a significant trade deficit of tons, which was equal to $.
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