Angola: Gold Market 2025

Gold Market Size in Angola

In 2021, the Angolan gold market decreased by -11.9% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Gold Production in Angola

In value terms, gold production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +77.6% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of 37% against the previous year. Gold production peaked at $X in 2020, and then fell in the following year.

Gold Exports

Exports from Angola

In 2021, overseas shipments of gold increased by 300% to X kg, rising for the sixth consecutive year after two years of decline. In general, exports, however, showed a perceptible decrease. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, gold exports declined to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 98%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg), Portugal (X kg) and Singapore (X kg) were the main destinations of gold exports from Angola, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gold exported from Angola were Portugal ($X), Singapore ($X) and the United States ($X), together accounting for 82% of total exports.

Among the main countries of destination, the United States, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gold export price stood at $X per kg in 2021, waning by -78.3% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 74%. The export price peaked at $X per kg in 2020, and then fell markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per kg), while the average price for exports to the United States ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.6%).

Gold Imports

Imports into Angola

In 2021, approx. X kg of gold were imported into Angola; picking up by 100% against the year before. Overall, imports, however, saw a deep reduction. Over the period under review, imports reached the peak figure at X kg in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, gold imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a mild setback. The growth pace was the most rapid in 2018 when imports increased by 3,965%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Israel (X kg) and France (X kg) were the main suppliers of gold imports to Angola.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of 0.0%).

In value terms, Israel ($X) constituted the largest supplier of gold to Angola, comprising 5% of total imports. The second position in the ranking was taken by France ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Israel amounted to +8.5%.

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, with an increase of 47% against the previous year. In general, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 1,654%. The import price peaked at $X per kg in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per kg), while the price for France totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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