Semi-Manufactured Silver Market in the United Arab Emirates
Market Overview
The semi-manufactured silver market in the United Arab Emirates contracted dramatically to $
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a dramatic shrinkage. Semi-manufactured silver consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
In value terms, semi-manufactured silver production reduced to $ in estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2017; however, from 2018 to , production failed to regain momentum.
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a dramatic shrinkage. Semi-manufactured silver consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.In value terms, semi-manufactured silver production reduced to $
in estimated in export price. Overall, production, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2017; however, from 2018 to , production failed to regain momentum.Consumption
In , consumption of silver in semi-manufactured forms decreased by -% to kg, falling for the fifth consecutive year after three years of growth. Overall, consumption recorded a precipitous setback. Over the period under review, consumption attained the maximum volume at tons in 2017; however, from 2018 to , consumption remained at a lower figure.
The revenue of the semi-manufactured silver market in the United Arab Emirates dropped dramatically to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a precipitous descent. Semi-manufactured silver consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
, consumption of silver in semi-manufactured forms decreased by -% to kg, falling for the fifth consecutive year after three years of growth. Overall, consumption recorded a precipitous setback. Over the period under review, consumption attained the maximum volume at tons in 2017; however, from 2018 to , consumption remained at a lower figure.The revenue of the semi-manufactured silver market in the United Arab Emirates dropped dramatically to $
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a precipitous descent. Semi-manufactured silver consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for semi-manufactured silver in the United Arab Emirates, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to kg by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to kg by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . The United Arab Emirates domestic supply is expected to continue its growth.
% in 2007 to % in . The United Arab Emirates domestic supply is expected to continue its growth.Trade Balance
The United Arab Emirates remains a net exporter of semi-manufactured silver; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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