United Arab Emirates: Silver Nitrate Market 2024

Silver Nitrate Market Size in the United Arab Emirates

The silver nitrate market in the United Arab Emirates soared to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Silver Nitrate Production in the United Arab Emirates

In value terms, silver nitrate production rose significantly to $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Silver Nitrate Exports

Exports from the United Arab Emirates

In 2022, approx. X kg of silver nitrate were exported from the United Arab Emirates; with a decrease of X% against the previous year. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X kg, and then declined dramatically in the following year.

In value terms, silver nitrate exports contracted to $X in 2022. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Yemen (X kg) was the main destination for silver nitrate exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, silver nitrate exports to Yemen exceeded the volume sent to the second major destination, Sudan (X kg), threefold. Niger (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and Niger (X% per year).

In value terms, Niger ($X) emerged as the key foreign market for silver nitrate exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Sudan ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and Yemen (X% per year).

Export Prices by Country

The average silver nitrate export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X,000 per ton), while the average price for exports to Yemen ($X 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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of silver nitrate increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, silver nitrate imports surged to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of silver nitrate to the United Arab Emirates, accounting for a X% share of total imports. Moreover, silver nitrate imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), twofold. Germany (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, the largest silver nitrate suppliers to the United Arab Emirates were Italy ($X), the Netherlands ($X) and the UK ($X), with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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