United Arab Emirates: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in the United Arab Emirates

The semi-manufactured silver market in the United Arab Emirates dropped modestly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a abrupt downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Semi-Manufactured Silver Production in the United Arab Emirates

In value terms, semi-manufactured silver production totaled $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Semi-Manufactured Silver Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of silver in semi-manufactured forms increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured silver exports surged to $X in 2022. In general, exports posted resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons), Nepal (X tons) and Bahrain (X tons) were the main destinations of semi-manufactured silver exports from the United Arab Emirates, together comprising X% of total exports. Taiwan (Chinese), Democratic Republic of the Congo, Saudi Arabia, India and Oman lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X) remains the key foreign market for silver in semi-manufactured forms exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average semi-manufactured silver export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X,235 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 mixed trend patterns.

Semi-Manufactured Silver Imports

Imports into the United Arab Emirates

Semi-manufactured silver imports into the United Arab Emirates declined markedly to X tons in 2022, dropping by X% compared with the year before. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports dropped markedly to $X in 2022. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Italy (X tons) and France (X tons) were the main suppliers of semi-manufactured silver imports to the United Arab Emirates, with a combined X% share of total imports.

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

In value terms, the United States ($X), Italy ($X) and Hong Kong SAR ($X) were the largest semi-manufactured silver suppliers to the United Arab Emirates, together comprising X% of total imports. India, Turkey, China, France, the Czech Republic and Belgium lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average semi-manufactured silver import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X 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 the Czech Republic ($X,455 per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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