Africa: Unwrought Gold Market 2020

Unwrought Gold Market Size in Africa

The revenue of the unwrought gold market in Africa amounted to $X in 2017, surging by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2011, with an increase of X% y-o-y. Over the period under review, the unwrought gold market reached its maximum level in 2017, and is likely to continue its growth in the near future.

Unwrought Gold Production in Africa

In 2017, production of gold, unwrought or in powder form in Africa stood at X tons, waning by -X% against the previous year. The unwrought gold production continues to indicate an abrupt slump. The growth pace was the most rapid in 2014, when the output figure increased by X% against the previous year. Over the period under review, the unwrought gold production reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Unwrought Gold Exports in Africa

In 2017, unwrought gold exports in Africa stood at X tons, declining by -X% against the previous year. The total exports indicated a strong growth from 2007 to 2017: its volume 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 unwrought gold exports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014, when it surged by X% y-o-y. In that year, the unwrought gold exports attained their peak volume of X tons. From 2015 to 2017, growth of the unwrought gold exports stood at a somewhat lower level.

In value terms, unwrought gold exports stood at $X in 2017. The unwrought gold exports continue to indicate a prominent growth. The level of exports peaked of $X in 2016, and then declined slightly in the following year.

Unwrought Gold Exports by Country in Africa

The exports of the four major exporters of gold, unwrought or in powder form, namely Mali, Sudan, Egypt and Tanzania, represented more than two-thirds of total export. Senegal (X tons) took the second position in the ranking, followed by Guinea (X tons). All these countries together took approx. X% share of total exports. Cote d'Ivoire (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 Cote d'Ivoire (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mali ($X), Egypt ($X) and Tanzania ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports. Sudan, Guinea, Cote d'Ivoire and Senegal lagged somewhat behind, together comprising a further X%.

Among the main exporting countries , Cote d'Ivoire (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Unwrought Gold Export Prices by Country in Africa

In 2017, the unwrought gold export price in Africa amounted to $X thousand per kg, growing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011, an increase of X% year-to-year. The level of export price peaked of $X thousand per kg in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Egypt ($X thousand per kg), while Senegal ($X thousand per kg) was amongst the lowest.

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

Unwrought Gold Imports in Africa

The imports totaled X tons in 2017, shrinking by -X% against the previous year. The unwrought gold imports continue to indicate a precipitous decline. The growth pace was the most rapid in 2016, when imports increased by X% y-o-y. Over the period under review, the unwrought gold imports attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, unwrought gold imports amounted to $X in 2017. The unwrought gold imports continue to indicate a precipitous descent. Over the period under review, the unwrought gold imports attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Unwrought Gold Imports by Country in Africa

South Africa dominates unwrought gold imports structure, reaching X tons, which was near X% of total imports in 2017. It was distantly followed by Egypt (X tons), constituting X% share of total imports. Kenya (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Cote d'Ivoire (+X%), Kenya (+X%) and Egypt (+X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of South Africa increased by X% percentage points, while Cote d'Ivoire (-X%), Kenya (-X%) and Egypt (-X%) saw their share reduced.

In value terms, South Africa ($X) constitutes the largest market for imported gold, unwrought or in powder form in Africa, making up X% of global imports. The second position in the ranking was occupied by Egypt ($X), with a X% share of global imports. It was followed by Cote d'Ivoire, with a X% share.

In South Africa, unwrought gold imports shrank by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and Cote d'Ivoire (+X% per year).

Unwrought Gold Import Prices by Country in Africa

The unwrought gold import price in Africa stood at $X thousand per kg in 2017, growing by X% against the previous year. The import price indicated a modest growth 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. The pace of growth appeared the most rapid in 2017, an increase of X% year-to-year. In that year, the import prices for gold, unwrought or in powder form attained their peak level, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was Egypt ($X thousand per kg), while Kenya ($X thousand per kg) was amongst the lowest.

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

Source: IndexBox Platform