GCC: Colloidal Precious Metals Market 2025

Colloidal Precious Metals Market Size in GCC

In 2022, the GCC colloidal precious metals market was finally on the rise to reach $X after four years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Colloidal Precious Metals Production in GCC

In value terms, colloidal precious metals production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Colloidal Precious Metals Exports

Exports in GCC

In 2022, shipments abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, colloidal precious metals exports plummeted to $X in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Saudi Arabia (X tons) represented roughly X% of total exports in 2022.

Saudi Arabia was also the fastest-growing in terms of the colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) also remains the largest colloidal precious metals supplier in GCC.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia amounted to X%.

Export Prices by Country

The export price in GCC stood at $X per kg in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a sharp setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per kg in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to X% per year.

Colloidal Precious Metals Imports

Imports in GCC

In 2022, after two years of growth, there was significant decline in purchases abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate), when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell notably in the following year.

In value terms, colloidal precious metals imports declined markedly to $X in 2022. Over the period under review, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons), Qatar (X tons) and Saudi Arabia (X tons) was the largest importer of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) in GCC, generating X% of total import.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest colloidal precious metals importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per kg, falling by X% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per kg. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per kg), while Qatar ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform