Price for Non-Silver Precious Metal Jewelry in the United Arab Emirates - 2021
Contents:
- Price for Non-Silver Precious Metal Jewelry in the United Arab Emirates (CIF) - 2022
- Price for Non-Silver Precious Metal Jewelry in the United Arab Emirates (FOB) - 2022
- Imports of Non-Silver Precious Metal Jewelry in the United Arab Emirates
- Exports of Non-Silver Precious Metal Jewelry in the United Arab Emirates
Price for Non-Silver Precious Metal Jewelry in the United Arab Emirates (CIF) - 2022
In 2022, the average non-silver precious metal jewelry import price amounted to $42,282,940 per ton, with an increase of 130% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The import price peaked at $60,957,017 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($90,143,865 per ton), while the price for Italy ($16,608,289 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Silver Precious Metal Jewelry in the United Arab Emirates (FOB) - 2022
In 2022, the average non-silver precious metal jewelry export price amounted to $21,714,685 per ton, with a decrease of -17.3% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 90% against the previous year. Over the period under review, the average export prices reached the maximum at $63,981,429 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($110,882,562 per ton), while the average price for exports to the UK ($9,835,595 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 Malaysia (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Silver Precious Metal Jewelry in the United Arab Emirates
In 2022, non-silver precious metal jewelry imports into the United Arab Emirates declined rapidly to 214 tons, which is down by -66.2% compared with the year before. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 349% against the previous year. As a result, imports reached the peak of 634 tons, and then fell rapidly in the following year.
In value terms, non-silver precious metal jewelry imports dropped notably to $9B in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year.
| Import of Non-Silver Precious Metal Jewelry in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8,237 | 2,257 | 2,729 | 2,267 | -35.0% |
| Turkey | 1,094 | 498 | 1,414 | 1,357 | 7.4% |
| Italy | 910 | 487 | 1,064 | 819 | -3.5% |
| Singapore | 543 | 339 | 638 | 537 | -0.4% |
| Hong Kong SAR | 259 | 252 | 273 | 280 | 2.6% |
| United Kingdom | 435 | 94.6 | 401 | 242 | -17.8% |
| United States | 225 | 304 | 192 | 214 | -1.7% |
| China | 372 | 85.0 | 155 | 155 | -25.3% |
| Malaysia | 712 | 304 | 383 | N/A | -26.7% |
| Indonesia | 176 | 92.3 | 281 | N/A | 26.4% |
| Others | 2,998 | 1,731 | 4,122 | 3,177 | 2.0% |
| Total | 15,962 | 6,445 | 11,653 | 9,049 | -17.2% |
Top Suppliers of Non-Silver Precious Metal Jewelry to the United Arab Emirates in 2022:
- Italy (49.3 tons)
- India (47.7 tons)
- Turkey (26.6 tons)
- Singapore (12.5 tons)
- United States (6.9 tons)
- China (3.4 tons)
- Hong Kong SAR (3.1 tons)
- United Kingdom (1.8 tons)
Exports of Non-Silver Precious Metal Jewelry in the United Arab Emirates
In 2022, non-silver precious metal jewelry exports from the United Arab Emirates reached 218 tons, increasing by 2.5% on the previous year's figure. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 107% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, non-silver precious metal jewelry exports contracted remarkably to $4.7B in 2022. In general, exports, however, showed a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year.
| Export of Non-Silver Precious Metal Jewelry in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1,522 | 849 | 1,176 | 1,524 | 0.0% |
| Switzerland | 7,565 | 1,774 | 766 | 639 | -56.1% |
| Turkey | 194 | 116 | 221 | 326 | 18.9% |
| Singapore | 104 | 180 | 226 | 313 | 44.4% |
| India | 117 | 64.0 | 161 | 313 | 38.8% |
| United Kingdom | 73.4 | 81.1 | 235 | 288 | 57.7% |
| Jordan | 48.1 | 46.7 | 212 | 205 | 62.1% |
| Bahrain | 81.2 | 59.5 | 148 | 172 | 28.4% |
| United States | 9.7 | 11.2 | 66.1 | 79.2 | 101.4% |
| Kuwait | 375 | 241 | 764 | N/A | 42.7% |
| Malaysia | 127 | 69.4 | 76.1 | N/A | -22.6% |
| Oman | 158 | 83.2 | 172 | N/A | 4.3% |
| Saudi Arabia | 133 | 165 | 521 | N/A | 97.9% |
| Others | 212 | 132 | 837 | 866 | 59.9% |
| Total | 10,719 | 3,873 | 5,581 | 4,727 | -23.9% |
Top Export Markets for Non-Silver Precious Metal Jewelry from the United Arab Emirates in 2022:
- Hong Kong SAR (32.8 tons)
- United Kingdom (29.3 tons)
- India (11.0 tons)
- Singapore (9.1 tons)
- Turkey (7.7 tons)
- Jordan (5.9 tons)
- Switzerland (5.8 tons)
- United States (5.3 tons)
- Bahrain (3.4 tons)
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