Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United Arab Emirates - 2022

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United Arab Emirates (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United Arab Emirates (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United Arab Emirates
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United Arab Emirates

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $102,865 per ton, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2014 an increase of 29%. As a result, import price attained the peak level of $129,920 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($233,842 per ton), while the price for South Korea ($32,049 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United Arab Emirates (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $152,770 per ton in 2022, reducing by -6.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $207,470 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,501,120 per ton), while the average price for exports to Senegal ($15,238 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United Arab Emirates

In 2022, imports of balances; of a sensitivity of 5cg or better, with or without weightses into the United Arab Emirates rose modestly to 42 tons, surging by 4.3% on the year before. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 8.7% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses reached $4.3M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to the United Arab Emirates in 2022:

1. Netherlands (14.2 tons)
2. China (7.5 tons)
3. Japan (5.8 tons)
4. South Korea (5.5 tons)
5. United Kingdom (2.0 tons)
6. Germany (1.3 tons)
7. Poland (1.2 tons)
8. United States (0.7 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in the United Arab Emirates

After three years of growth, shipments abroad of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -43.1% to 1.5 tons in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 71% against the previous year.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses declined notably to $239K in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 121% against the previous year. As a result, the exports reached the peak of $538K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from the United Arab Emirates in 2022:

1. Oman (1001.0 kg)
2. Democratic Republic of the Congo (245.0 kg)
3. Mozambique (104.0 kg)
4. India (25.0 kg)
5. Senegal (21.0 kg)
6. Rwanda (10.0 kg)

Source: IndexBox Market Intelligence Platform