Price for Metals; Platinum, Unwrought or in Powder Form in the United Arab Emirates - 2022

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in the United Arab Emirates (FOB) - 2022
2. Price for Metals; Platinum, Unwrought or in Powder Form in the United Arab Emirates (CIF) - 2022
3. Exports of Metals; Platinum, Unwrought or in Powder Form in the United Arab Emirates
4. Imports of Metals; Platinum, Unwrought or in Powder Form in the United Arab Emirates

Price for Metals; Platinum, Unwrought or in Powder Form in the United Arab Emirates (FOB) - 2022

The average export price for metals; platinum, unwrought or in powder forms stood at $18,784,842 per ton in 2022, declining by -56% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 102%. As a result, the export price reached the peak level of $90,937 per kg. From 2015 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 India ($52,217,158 per ton), while the average price for exports to Iraq stood at $274,467 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.7%).

Price for Metals; Platinum, Unwrought or in Powder Form in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for metals; platinum, unwrought or in powder forms amounted to $18,234,246 per ton, with a decrease of -44.5% against the previous year. In general, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2017 when the average import price increased by 56%. Over the period under review, average import prices reached the peak figure at $39,727,374 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($28,895,934 per ton), while the price for South Africa ($10,005,891 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+65.6%), while the prices for the other major suppliers experienced a decline.

Exports of Metals; Platinum, Unwrought or in Powder Form in the United Arab Emirates

In 2022, the amount of metals; platinum, unwrought or in powder forms exported from the United Arab Emirates soared to 65 tons, jumping by 27,033% compared with 2021. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of metals; platinum, unwrought or in powder forms skyrocketed to $1.2B in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from the United Arab Emirates in 2022:

1. Iraq (41.9 tons)
2. India (22.0 tons)

Imports of Metals; Platinum, Unwrought or in Powder Form in the United Arab Emirates

In 2022, the amount of metals; platinum, unwrought or in powder forms imported into the United Arab Emirates surged to 4.7 tons, increasing by 994% against 2021. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; platinum, unwrought or in powder forms soared to $87M in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to the United Arab Emirates in 2022:

1. South Africa (2366.0 kg)
2. Switzerland (1571.0 kg)
3. Hong Kong SAR (488.0 kg)
4. Japan (106.0 kg)
5. United Kingdom (43.0 kg)
6. Germany (26.0 kg)

Source: IndexBox Market Intelligence Platform