United Arab Emirates: Gold Ore Market 2020

Gold Ore Market Size in the United Arab Emirates

The revenue of the gold ore market in the United Arab Emirates amounted to $X in 2017, growing by X% against the previous year. Overall, gold ore consumption continues to indicate a prominent growth. The pace of growth was the most pronounced in 2010, when it surged by X% y-o-y. In that year, the gold ore market reached their peak level of $X. From 2011 to 2017, growth of the gold ore market stood at a somewhat lower level.

Gold Ore Production in the United Arab Emirates

Gold ore production in the United Arab Emirates totaled X kg in 2017, dropping by -X% against the previous year. In general, gold ore production continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2016, when the output figure increased by X% year-to-year. Over the period under review, the gold ore production reached its maximum volume of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Gold Ore Exports by Country in the United Arab Emirates

In 2017, Australia (X tons) was the main exporter for gold ores and concentrates, comprising X% of total exports. Russia (X tons) ranks second in terms of the global exports with a X% share, followed by Turkey (X%) and Tanzania (X%). Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest gold ore supplier from the United Arab Emirates, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

In Australia, gold ore exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in the United Arab Emirates

The gold ore export price in the United Arab Emirates stood at $X thousand per kg in 2017, remaining stable against by -% against the previous year. Over the last decade, it decreased at an average annual rate of nan%. The pace of growth was the most pronounced in 2008, when the export prices increased by -% against the previous year.

Export prices varied noticeably by the country of destination; the country with the highest export price was Tanzania ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Gold Ore Imports in the United Arab Emirates

In 2017, imports of gold ores and concentrates into the United Arab Emirates amounted to X kg, declining by -X% against the previous year. Overall, gold ore imports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2011, when it surged by -X% against the previous year. Over the period under review, the gold ore imports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, gold ore imports amounted to $X in 2017. In general, gold ore imports continue to indicate a precipitous curtailment. The United Arab Emirates imports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Gold Ore Imports by Country in the United Arab Emirates

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) were the major importers of gold ores and concentrates, together committing X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) occupied the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gold ores and concentrates into the United Arab Emirates, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in the United Arab Emirates

The gold ore import price in the United Arab Emirates stood at $X per kg in 2017, declining by -X% against the previous year. Overall, the import price indicated a conspicuous expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gold ore import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015, when it surged by X% against the previous year. In that year, the import prices for gold ores and concentrates reached their peak level of $X per kg. From 2016 to 2017, growth of the import prices for gold ores and concentrates failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the Philippines ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform