United Arab Emirates: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in the United Arab Emirates

In 2022, the market for non-silver precious metal non-jewelry articles in the United Arab Emirates decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption faced a significant decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Non-Silver Precious Metal Non-Jewelry Articles in the United Arab Emirates

In value terms, non-silver precious metal non-jewelry article production reduced dramatically to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports from the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded decline in shipments abroad of non-silver precious metal non-jewelry articles, which decreased by X% to X kg in 2022. Over the period under review, exports saw a sharp downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article exports reduced dramatically to $X in 2022. Overall, exports showed a precipitous curtailment. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mongolia (X kg) was the main destination for non-silver precious metal non-jewelry article exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, non-silver precious metal non-jewelry article exports to Mongolia exceeded the volume sent to the second major destination, Sri Lanka (X kg), tenfold. The third position in this ranking was taken by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mongolia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and the United States (X% per year).

In value terms, the largest markets for non-silver precious metal non-jewelry article exported from the United Arab Emirates were the United States ($X), Sri Lanka ($X) and India ($X), with a combined X% share of total exports. Mongolia, Oman, Canada, Kuwait, Saudi Arabia, Qatar, Malta and Singapore lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Malta, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for non-silver precious metal non-jewelry articles amounted to $X per kg, shrinking by X% against the previous year. In general, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per kg in 2012; however, from 2013 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 India ($X per kg), while the average price for exports to Singapore ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports into the United Arab Emirates

In 2022, imports of non-silver precious metal non-jewelry articles into the United Arab Emirates fell remarkably to X kg, dropping by X% on the year before. Over the period under review, imports recorded a sharp curtailment. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article imports contracted remarkably to $X in 2022. Overall, imports showed a sharp reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X kg), France (X kg) and India (X kg) were the main suppliers of non-silver precious metal non-jewelry article imports to the United Arab Emirates, with a combined X% share of total imports. Australia, the United States, China, Germany and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), France ($X) and Italy ($X) were the largest non-silver precious metal non-jewelry article suppliers to the United Arab Emirates, together accounting for X% of total imports. The United States, Germany, Switzerland, China and Australia lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for non-silver precious metal non-jewelry articles amounted to $X per kg, declining by X% against the previous year. Over the period under review, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per kg in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per kg), while the price for Australia ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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