GCC: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Exports of Silver Goldsmiths Non-Jewelry Articles

Exports in GCC

Silver goldsmiths non-jewelry article exports surged to X tons in 2022, growing by X% compared with the year before. In general, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver goldsmiths non-jewelry article exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Qatar (X kg), creating a X% share of total exports. Saudi Arabia (X kg) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to silver goldsmiths non-jewelry article exports from the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Qatar experienced a relatively flat trend pattern. Qatar (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest silver goldsmiths non-jewelry article supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with a X% share of total exports.

In the United Arab Emirates, silver goldsmiths non-jewelry article exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price faced a deep setback. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X,096 per ton. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports in GCC

In 2022, approx. X tons of silver goldsmiths non-jewelry articles were imported in GCC; with an increase of X% against 2021. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silver goldsmiths non-jewelry article imports surged to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which recorded X% of total imports. Qatar (X tons) ranks second in terms of the total imports with an X% share, followed by Bahrain (X%). The following importers - Kuwait (X kg) and Saudi Arabia (X kg) - each recorded an X% share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Qatar and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Kuwait (X%) illustrated a downward trend over the same period. While the share of Qatar (X p.p.), Bahrain (X p.p.), Saudi Arabia (X p.p.) and the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported silver goldsmiths non-jewelry articles in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

In the United Arab Emirates, silver goldsmiths non-jewelry article imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices reached the peak figure at $X,901 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X,901 per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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