Report Middle East - Gold - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jul 19, 2022

Middle East - Gold - Market Analysis, Forecast, Size, Trends and Insights
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Middle East: Gold Market 2022

Gold Market Size in the Middle East

The Middle Eastern gold market dropped notably to $X in 2021, which is down by -X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then contracted markedly in the following year.

Gold Production in the Middle East

In value terms, gold production contracted notably to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Production By Country in the Middle East

The United Arab Emirates (X tons) constituted the country with the largest volume of gold production, accounting for X% of total volume. Moreover, gold production in the United Arab Emirates exceeded the figures recorded by the second-largest producer, Iraq (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a X% share.

In the United Arab Emirates, gold production decreased by an average annual rate of -X% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Iraq (+X% per year) and Turkey (+X% per year).

Gold Exports

Exports in the Middle East

In 2021, overseas shipments of gold decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, gold exports fell to $X in 2021. Over the period under review, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United Arab Emirates (X tons) was the major exporter of gold, achieving X% of total exports. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Iraq (X%).

Exports from the United Arab Emirates decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Turkey (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2012-2021. By contrast, Iraq (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.) and Iraq (+X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest gold supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports.

In the United Arab Emirates, gold exports declined by an average annual rate of -X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and Iraq (-X% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per kg, which is down by -X% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per kg in 2020, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per kg), while Iraq ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the other leaders experienced mixed trends in the export price figures.

Gold Imports

Imports in the Middle East

In 2021, approx. X tons of gold were imported in the Middle East; which is down by -X% compared with the year before. Over the period under review, imports recorded a mild slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, gold imports shrank significantly to $X in 2021. Overall, imports saw a slight contraction. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the key importing country with an import of about X tons, which reached X% of total imports. Turkey (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%). Lebanon (X tons), Iraq (X tons), Oman (X tons) and Kuwait (X tons) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of gold. At the same time, Iraq (+X%), Oman (+X%) and Lebanon (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2012-2021. By contrast, Kuwait (-X%), Saudi Arabia (-X%) and Turkey (-X%) illustrated a downward trend over the same period. The United Arab Emirates (+X p.p.), Iraq (+X p.p.) and Oman (+X p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported gold in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Saudi Arabia, with an X% share.

In the United Arab Emirates, gold imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Saudi Arabia (-X% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per kg, declining by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per kg, and then fell slightly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Oman ($X per kg), while Iraq ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for gold in the the Middle East?
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The countries with the highest volumes of in 2021 were Turkey, Saudi Arabia and Iraq, together comprising 76% of total consumption.
What are the largest producers of gold in the the Middle East?
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The United Arab Emirates constituted the country with the largest volume of gold production, comprising approx. 58% of total volume. Moreover, gold production in the United Arab Emirates exceeded the figures recorded by the second-largest producer, Iraq, threefold. The third position in this ranking was held by Turkey, with a 9.5% share.
What are the leading suppliers of gold in the the Middle East?
+
In value terms, the United Arab Emirates remains the largest gold supplier in the Middle East, comprising 74% of total exports. The second position in the ranking was taken by Turkey, with an 11% share of total exports.
What are the leading importers of gold in the the Middle East?
+
In value terms, the United Arab Emirates constitutes the largest market for imported gold in the Middle East, comprising 53% of total imports. The second position in the ranking was taken by Turkey, with a 26% share of total imports. It was followed by Saudi Arabia, with an 8.2% share.
What is the average export price for gold in the the Middle East?
+
The export price in the Middle East stood at $51,461 per kg in 2021, reducing by -8.3% against the previous year.
What is the average import price for gold in the the Middle East?
+
The import price in the Middle East stood at $49,109 per kg in 2021, declining by -3% against the previous year.

This report provides an in-depth analysis of the gold market in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
• Prodcom 24412035 -
• Prodcom 24412040 -
• Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
• Prodcom 24412070 - Monetary gold (including gold plated with platinum)
Country coverage:
• Bahrain
• Jordan
• Lebanon
• Palestine
• Syrian Arab Republic
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the Middle East, split by region and country
• Trade (exports and imports) in the Middle East
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Bahrain
• Iran
• Iraq
• Israel
• Jordan
• Kuwait
• Lebanon
• Oman
• Palestine
• Qatar
• Saudi Arabia
• Syrian Arab Republic
• Turkey
• United Arab Emirates
• Yemen
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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