World - Gold - Market Analysis, Forecast, Size, Trends and Insights
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Gold market: read the most recent information empowered by an Ai-driven BI platform. Data cover companies, production, market prices, exports, consumption, trade, market size, and imports. Here is a split by region, including the U.K., Russia, China, Latin America, Africa, the U.S., EU, and the Middle East. Market insights and outlook to 2030 are also featured in the snapshots.
Gold - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | China |
| 3 | United Arab Emirates |
| 4 | United States |
| 5 | Turkey |
In value terms, India, China and the United Arab Emirates were the countries with the highest levels of market value in 2021, with a combined 43% share of the global market. These countries were followed by the United States, Turkey, Switzerland, Hong Kong SAR, Germany, Russia, Belgium, Thailand, Canada and Argentina, which together accounted for a further 33%.
In terms of the main consuming countries, Belgium (+926.3% per year) saw the highest rates of growth with regard to market size, over the period under review, while gold market for the other global leaders experienced more modest paces of growth.
Gold Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per kg | ||||
| Argentina | 5641 | 6085 | 5791 | 1.3% |
| Peru | 17071 | 18473 | 17728 | 1.9% |
| South Africa | 41705 | 43264 | 43538 | 2.2% |
| Singapore | 42222 | 53066 | 47871 | 6.5% |
| United Arab Emirates | 43863 | 54054 | 49476 | 6.2% |
| Thailand | 44712 | 54860 | 50791 | 6.6% |
| Canada | 44015 | 55217 | 54999 | 11.8% |
| Australia | 44424 | 56583 | 57020 | 13.3% |
| Hong Kong SAR | 43803 | 56881 | 57382 | 14.5% |
| Russia | 46442 | 57888 | 57460 | 11.2% |
| Switzerland | 44158 | 55900 | 57642 | 14.3% |
| United Kingdom | 43881 | 56802 | 57681 | 14.7% |
| United States | 40277 | 76724 | 57996 | 20.0% |
| Average | 38505 | 49938 | 48188 | 11.9% |
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($57,996 per kg), while Argentina ($5,791 per kg) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per kg | ||||
| United Kingdom | 46328 | 58548 | 58063 | 12.0% |
| Germany | 42543 | 54569 | 57494 | 16.3% |
| United States | 44311 | 54485 | 55874 | 12.3% |
| Hong Kong SAR | 33372 | 52752 | 55742 | 29.2% |
| India | 32023 | 38223 | 52717 | 28.3% |
| Singapore | 43786 | 56000 | 52457 | 9.5% |
| Switzerland | 28966 | 48602 | 51387 | 33.2% |
| United Arab Emirates | 44944 | 54112 | 50687 | 6.2% |
| Turkey | 38837 | 50228 | 47049 | 10.1% |
| Italy | 30691 | 40923 | 41147 | 15.8% |
| China | 41870 | 42274 | 39599 | -2.7% |
| Canada | 19009 | 30644 | 26219 | 17.4% |
| Belgium | 38098 | 41092 | 1356 | -81.1% |
| Average | 36251 | 48482 | 45831 | 12.4% |
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the UK ($58,063 per kg), while Belgium ($1,356 per kg) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland, while the other global leaders experienced more modest paces of growth.
Gold - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| Switzerland | 61 | 73 | 92 | 23.3% |
| India | 27 | 17 | 56 | 43.3% |
| United Kingdom | 71 | 88 | 54 | -12.8% |
| China | 43 | 38 | 40 | -2.9% |
| Hong Kong SAR | 14 | 19 | 29 | 43.3% |
In value terms, the largest gold importing markets worldwide were Switzerland ($92.1B), India ($55.8B) and the UK ($53.8B), together comprising 52% of global imports. China, Hong Kong SAR, Turkey, the United States, Singapore, the United Arab Emirates, Germany, Italy, Canada and Belgium lagged somewhat behind, together accounting for a further 39%.
Germany (+65.3% per year) saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Gold - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| Switzerland | 62 | 72 | 87 | 18.3% |
| United Kingdom | 23 | 21 | 45 | 39.4% |
| Hong Kong SAR | 25 | 41 | 31 | 10.6% |
| United States | 19 | 23 | 28 | 21.1% |
| United Arab Emirates | 18 | 27 | 22 | 12.0% |
In value terms, Switzerland ($86.6B), the UK ($45.3B) and Hong Kong SAR ($30.8B) appeared to be the countries with the highest levels of exports in 2021, with a combined 38% share of global exports. The United States, the United Arab Emirates, Australia, Russia, South Africa, Canada, Singapore, Thailand, Peru and Argentina lagged somewhat behind, together accounting for a further 35%.
In terms of the main exporting countries, Russia (+73.6% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Gold - Market Forecast
Driven by increasing demand for gold worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Gold - Top Companies
Xingtai Roll Small Cold Roller Co., Ltd., Shijiazhuang Zhengzhong Technology Co., Ltd., Dalian Sunny Titanium Industry Co., Ltd., Jiangxi Copper Company Limited, SORTAG AG Entsorgungscenter Bigenthal, Sortag Zürich AG, Dalian Zhongji Metallurgical Co., Ltd., JOHNSON MATTHEY PLC, MITSUBISHI MATERIALS CORPORATION, Tyco International Management Company, LLC, Zijin Mining Group Co., Ltd., Aurubis AG, Tongling Nonferrous Metals Group Co., Ltd., Shandong Gold Group Co., Ltd., Hangzhou Zhengcai Holding Group Co., Ltd., GMK NORILSKI NIKEL, PAO, COPPER REFINERIES PTY. LTD., Yunnan Copper Co., Ltd., SUMITOMO METAL MINING CO., LTD., Baiyin Nonferrous Group Co., Ltd.
Gold - Product Coverage
- HS 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
This report provides an in-depth analysis of the global gold market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
- Prodcom 24412035 -
- Prodcom 24412040 -
- Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
- Prodcom 24412070 - Monetary gold (including gold plated with platinum)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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