Silver Jewelry Price in the United Arab Emirates - 2021
Contents:
- Silver Jewelry Price in the United Arab Emirates (FOB) - 2022
- Silver Jewelry Price in the United Arab Emirates (CIF) - 2022
- Silver Jewelry Exports in the United Arab Emirates
- Silver Jewelry Imports in the United Arab Emirates
Silver Jewelry Price in the United Arab Emirates (FOB) - 2022
The average silver jewelry export price stood at $1,783,887 per ton in 2022, picking up by 7.4% against the previous year. In general, the export price saw a resilient expansion. The growth pace was the most rapid in 2013 when the average export price increased by 136% against the previous year. The export price peaked at $3,562,598 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($6,044,237 per ton), while the average price for exports to the United States ($265,234 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 the UK (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Price in the United Arab Emirates (CIF) - 2022
In 2022, the average silver jewelry import price amounted to $1,077,332 per ton, with a decrease of -15.6% against the previous year. In general, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22% against the previous year. The import price peaked at $1,493,126 per ton in 2013; however, from 2014 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 India ($2,812,103 per ton), while the price for China ($580,134 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Exports in the United Arab Emirates
Silver jewelry exports from the United Arab Emirates fell to 12 tons in 2022, with a decrease of -3.9% compared with 2021. Over the period under review, exports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year.
In value terms, silver jewelry exports expanded modestly to $21M in 2022. Overall, exports showed a pronounced shrinkage.
| Export of Silver Jewelry in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 14.9 | 12.8 | 12.1 | 13.9 | -2.3% |
| Denmark | N/A | N/A | N/A | 0.9 | 0% |
| Sweden | N/A | N/A | 1.1 | 0.8 | -27.3% |
| United States | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
| India | 5.0 | 7.1 | 0.7 | 0.5 | -53.6% |
| Germany | 0.1 | N/A | 1.3 | 0.4 | 58.7% |
| United Kingdom | N/A | 0.1 | 0.3 | 0.3 | 73.2% |
| Fiji | 0.1 | N/A | N/A | 0.3 | 44.2% |
| France | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Thailand | 0.5 | N/A | N/A | N/A | 0% |
| China | N/A | 0.5 | N/A | N/A | 0% |
| Turkey | 0.5 | N/A | N/A | N/A | 0% |
| Others | 2.3 | 1.2 | 4.6 | 3.4 | 13.9% |
| Total | 23.6 | 21.9 | 20.6 | 21.2 | -3.5% |
Top Export Markets for Silver Jewelry from the United Arab Emirates in 2022:
- Denmark (2563.0 kg)
- Hong Kong SAR (2303.0 kg)
- United States (2205.0 kg)
- Sweden (670.0 kg)
- Germany (570.0 kg)
- Fiji (497.0 kg)
- United Kingdom (285.0 kg)
- India (274.0 kg)
- France (109.0 kg)
- Turkey (36.0 kg)
- China (3.0 kg)
Silver Jewelry Imports in the United Arab Emirates
In 2022, approx. 82 tons of silver jewelry were imported into the United Arab Emirates; increasing by 14% against 2021. In general, imports, however, saw a abrupt slump.
In value terms, silver jewelry imports contracted slightly to $88M in 2022. Over the period under review, imports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 9.2%.
| Import of Silver Jewelry in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 30.6 | 19.5 | 25.9 | 22.4 | -9.9% |
| South Africa | N/A | N/A | 0.1 | 12.6 | 12500.0% |
| India | 31.8 | 26.1 | 10.5 | 9.2 | -33.9% |
| Germany | 6.5 | 2.1 | 2.9 | 8.6 | 9.8% |
| Turkey | 1.6 | 1.8 | 4.4 | 2.6 | 17.6% |
| United States | 5.1 | 1.2 | 0.7 | 1.7 | -30.7% |
| China | 1.3 | 2.5 | 5.5 | 1.6 | 7.2% |
| United Kingdom | 1.2 | 0.7 | 0.8 | 0.8 | -12.6% |
| Spain | 0.6 | 0.1 | 0.2 | 0.3 | -20.6% |
| Others | 60.5 | 30.4 | 40.9 | 28.2 | -22.5% |
| Total | 139 | 84.2 | 91.9 | 88.1 | -14.1% |
Top Suppliers of Silver Jewelry to the United Arab Emirates in 2022:
- Italy (24.6 tons)
- South Africa (12.0 tons)
- Germany (4.1 tons)
- Turkey (3.4 tons)
- India (3.3 tons)
- China (2.8 tons)
- United States (1.1 tons)
- United Kingdom (1.1 tons)
- Spain (0.7 tons)
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