Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates - 2022

Contents:

  1. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates (FOB) - 2022
  2. Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates (CIF) - 2022
  3. Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates
  4. Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates (FOB) - 2022

The average export price for articles of precious metal or of metal clad with precious metal stood at $191,755 per ton in 2022, remaining constant against the previous year. Overall, the export price saw a deep contraction. The growth pace was the most rapid in 2017 when the average export price increased by 422%. As a result, the export price reached the peak level of $418,073 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($297,152 per ton), while the average price for exports to Eritrea ($883 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 Hong Kong SAR (+1,039.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for articles of precious metal or of metal clad with precious metal amounted to $408,141 per ton, which is down by -43.8% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. Over the period under review, average import prices reached the maximum at $1,125,576 per ton in 2012; however, from 2013 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 Switzerland ($1,011,489 per ton), while the price for the Philippines ($8,530 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 (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in overseas shipments of articles of precious metal or of metal clad with precious metal, which increased by 131% to 17 tons in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of articles of precious metal or of metal clad with precious metal soared to $3.3M in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
JapanN/AN/AN/A1,9590%
GermanyN/AN/A2.589735780.0%
Saudi Arabia3.7N/A2.0169257.5%
United States63.092467561.5-0.8%
EritreaN/AN/AN/A4.50%
Oman5470.12.93.3-81.8%
Mauritius37.2N/AN/AN/A0%
Others95.22.574316820.8%
Total7469261,4263,26263.5%

Top Export Markets for Articles of Precious Metal or of Metal Clad with Precious Metal from the United Arab Emirates in 2022:

  1. Japan (6.6 tons)
  2. Eritrea (5.1 tons)
  3. Germany (4.1 tons)
  4. Saudi Arabia (0.6 tons)
  5. United States (0.2 tons)

Imports of Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates

In 2022, overseas purchases of articles of precious metal or of metal clad with precious metal decreased by -48.5% to 4.7 tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. As a result, imports attained the peak of 10 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of articles of precious metal or of metal clad with precious metal plummeted to $1.9M in 2022. Over the period under review, imports saw a significant curtailment. The growth pace was the most rapid in 2020 when imports increased by 56%. As a result, imports attained the peak of $8M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Articles of Precious Metal or of Metal Clad with Precious Metal in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland46833349166112.2%
Germany2,8644,4023,043368-49.5%
China42.04.5N/A33098.8%
United States11814768.81262.2%
India37.28.331811244.4%
Italy44.183.758.950.74.8%
New Zealand16.921.70.142.836.3%
France1.57.939.728.9168.1%
NetherlandsN/A6.95.617.458.8%
GreeceN/A3.72.314.094.5%
United Kingdom1,4432,8941,45810.1-80.9%
PhilippinesN/AN/AN/A0.90%
MalaysiaN/AN/A954N/A0%
Others73.560.815514926.6%
Total5,1087,9736,5941,910-28.0%

Top Suppliers of Articles of Precious Metal or of Metal Clad with Precious Metal to the United Arab Emirates in 2022:

  1. China (1499.0 kg)
  2. Switzerland (653.0 kg)
  3. United States (646.0 kg)
  4. Germany (533.0 kg)
  5. New Zealand (219.0 kg)
  6. Greece (203.0 kg)
  7. Italy (188.0 kg)
  8. India (180.0 kg)
  9. Netherlands (114.0 kg)
  10. Philippines (100.0 kg)
  11. France (74.0 kg)
  12. United Kingdom (11.0 kg)

Source: IndexBox Market Intelligence Platform

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