The United Arab Emirates, a key player in the global gemstones market, has shown a heightened interest in amber, a fossilized tree resin highly valued for its beauty and historical significance. The UAE"s strategic position as a trade hub in the Middle East has facilitated a robust market for amber, attracting numerous suppliers and buyers to engage in the trade of this precious commodity. According to recent trade data, the UAE"s import volume of amber has consistently increased, reflecting a growing domestic demand and a re-export strategy aimed at neighboring markets. In the first quarter of 2023, amber imports surged by 15% compared to the previous year. The average price per kilogram of amber has also seen an upward trend, rising from $1,200 to $1,350, illustrating a steady appreciation in value. This price increase can be attributed to both the limited supply in global markets and the rising demand from luxury goods manufacturers who integrate amber into high-end jewelry and decorative items. Export volumes have also shown impressive growth. The UAE"s re-export strategy has enabled it to become a vital supplier of amber to other Middle Eastern countries, as well as emerging markets in Asia and Africa.
This has been supported by the country"s efficient logistics infrastructure and favorable trade policies. For businesses looking to tap into the UAE"s burgeoning amber market, platforms like Aritral are invaluable. Aritral offers a suite of services including Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, all of which simplify the process of international trade and enhance market reach. By leveraging such platforms, suppliers and buyers can seamlessly connect, negotiate, and conduct transactions, thereby optimizing their market presence in the competitive UAE gemstones landscape. "
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