Price for Precious Metal-Clad Jewelry of Base Metals in the United Arab Emirates - 2022

Contents:

1. Price for Precious Metal-Clad Jewelry of Base Metals in the United Arab Emirates (FOB) - 2022
2. Price for Precious Metal-Clad Jewelry of Base Metals in the United Arab Emirates (CIF) - 2022
3. Exports of Precious Metal-Clad Jewelry of Base Metals in the United Arab Emirates
4. Imports of Precious Metal-Clad Jewelry of Base Metals in the United Arab Emirates

Price for Precious Metal-Clad Jewelry of Base Metals in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for base metal jewelry clad with precious metals amounted to $151,252 per ton, declining by -52% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 134%. Over the period under review, the average export prices hit record highs at $379,218 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($1,101,107 per ton), while the average price for exports to Maldives ($6,288 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 Switzerland (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Precious Metal-Clad Jewelry of Base Metals in the United Arab Emirates (CIF) - 2022

The average import price for base metal jewelry clad with precious metals stood at $345,082 per ton in 2022, reducing by -64.9% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 70%. The import price peaked at $1,202,635 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($1,467,500 per ton), while the price for Uruguay ($2,454 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Precious Metal-Clad Jewelry of Base Metals in the United Arab Emirates

In 2022, after two years of decline, there was significant growth in shipments abroad of base metal jewelry clad with precious metals, when their volume increased by 1,498% to 24 tons. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of base metal jewelry clad with precious metals skyrocketed to $3.6M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Precious Metal-Clad Jewelry of Base Metals from the United Arab Emirates in 2022:

1. Tanzania (12.6 tons)
2. Sri Lanka (3.2 tons)
3. Maldives (1.6 tons)
4. Iraq (1.5 tons)
5. Switzerland (0.8 tons)
6. United States (0.6 tons)
7. Sweden (0.5 tons)
8. Canada (0.2 tons)

Imports of Precious Metal-Clad Jewelry of Base Metals in the United Arab Emirates

Imports of base metal jewelry clad with precious metals into the United Arab Emirates soared to 7.9 tons in 2022, jumping by 195% against 2021 figures. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of base metal jewelry clad with precious metals reached $2.7M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. As a result, imports reached the peak of $3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Precious Metal-Clad Jewelry of Base Metals to the United Arab Emirates in 2022:

1. Italy (2235.0 kg)
2. Afghanistan (1569.0 kg)
3. Turkey (1429.0 kg)
4. China (905.0 kg)
5. Uruguay (348.0 kg)
6. United Kingdom (286.0 kg)
7. Thailand (242.0 kg)
8. United States (225.0 kg)
9. France (121.0 kg)
10. Australia (21.0 kg)
11. Switzerland (15.0 kg)
12. Egypt (2.0 kg)

Source: IndexBox Market Intelligence Platform