Metals; Platinum, Semi-Manufactured Price in the United Arab Emirates - 2021

Contents:

1. Metals; Platinum, Semi-Manufactured Price in the United Arab Emirates (CIF) - 2022
2. Metals; Platinum, Semi-Manufactured Price in the United Arab Emirates (FOB) - 2022
3. Metals; Platinum, Semi-Manufactured Imports in the United Arab Emirates
4. Metals; Platinum, Semi-Manufactured Exports in the United Arab Emirates

Metals; Platinum, Semi-Manufactured Price in the United Arab Emirates (CIF) - 2022

In 2022, the average metals; platinum, semi-manufactured import price amounted to $24,174,679 per ton, declining by -8.2% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26%. The import price peaked at $46,070,864 per ton in 2012; however, from 2013 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 the UK ($41,711,642 per ton), while the price for South Africa ($11,534,156 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+109.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Metals; Platinum, Semi-Manufactured Price in the United Arab Emirates (FOB) - 2022

In 2022, the average metals; platinum, semi-manufactured export price amounted to $32,522,227 per ton, declining by -13.1% against the previous year. Over the period under review, the export price, however, showed a resilient expansion. The growth pace was the most rapid in 2021 an increase of 105%. The export price peaked at $45,949,593 per ton in 2014; however, from 2015 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 India ($33,035,792 per ton), while the average price for exports to Italy ($383,000 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 India (+4.7%), while the prices for the other major destinations experienced a decline.

Metals; Platinum, Semi-Manufactured Imports in the United Arab Emirates

In 2022, purchases abroad of metals; platinum, semi-manufactureds decreased by -18.1% to 1.3 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 219%.

In value terms, metals; platinum, semi-manufactured imports reduced markedly to $31M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 200% against the previous year.

Top Suppliers of Metals; Platinum, Semi-Manufactured to the United Arab Emirates in 2022:

1. South Africa (691.0 kg)
2. Switzerland (428.0 kg)
3. United Kingdom (53.0 kg)
4. Singapore (43.0 kg)

Metals; Platinum, Semi-Manufactured Exports in the United Arab Emirates

After three years of growth, shipments abroad of metals; platinum, semi-manufactureds decreased by -31.4% to 181 kg in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 154% against the previous year. As a result, the exports reached the peak of 264 kg, and then contracted rapidly in the following year.

In value terms, metals; platinum, semi-manufactured exports shrank sharply to $5.9M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 421% against the previous year. As a result, the exports attained the peak of $9.9M, and then contracted remarkably in the following year.

Top Export Markets for Metals; Platinum, Semi-Manufactured from the United Arab Emirates in 2022:

1. India (178.0 kg)
2. Italy (1.0 kg)

Source: IndexBox Market Intelligence Platform