Semi-Manufactured Gold Market in the United Arab Emirates
Market Overview
The semi-manufactured gold market in the United Arab Emirates contracted 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). Overall, consumption, however, showed a buoyant increase. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
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). Overall, consumption, however, showed a buoyant increase. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to , consumption remained at a lower figure.Consumption
Semi-manufactured gold consumption in the United Arab Emirates declined significantly to tons in , reducing by -% on the previous year's figure. In general, consumption, however, saw a buoyant expansion. Over the period under review, consumption attained the peak volume at tons in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
The revenue of the semi-manufactured gold market in the United Arab Emirates declined to $ in , which is down 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). Overall, consumption, however, showed a strong expansion. Semi-manufactured gold consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
tons in , reducing by -% on the previous year's figure. In general, consumption, however, saw a buoyant expansion. Over the period under review, consumption attained the peak volume at tons in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.The revenue of the semi-manufactured gold market in the United Arab Emirates declined to $
in , which is down 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). Overall, consumption, however, showed a strong expansion. Semi-manufactured gold consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for gold, in semi-manufactured forms in the United Arab Emirates, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Semi-manufactured gold market in the United Arab Emirates consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the United Arab Emirates relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
The United Arab Emirates remains a net importer of semi-manufactured gold; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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