Argentina: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Argentina

The Argentinian semi-manufactured gold market declined sharply to $X in 2022, waning by -31.9% against the previous year. Overall, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Semi-Manufactured Gold Production in Argentina

In value terms, semi-manufactured gold production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Semi-Manufactured Gold Exports

Exports from Argentina

In 2022, the amount of gold, in semi-manufactured forms exported from Argentina soared to X kg, growing by 36% compared with the previous year's figure. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2019 when exports increased by 481% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured gold exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 519% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for semi-manufactured gold exports from Argentina, with a 97% share of total exports. It was followed by Germany (X kg), with a 1.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +14.9%.

In value terms, the United States ($X) remains the key foreign market for gold, in semi-manufactured forms exports from Argentina, comprising 89% of total exports. The second position in the ranking was taken by Germany ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +20.7%.

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, remaining relatively unchanged against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, semi-manufactured gold export price increased by +65.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 65%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per kg), while the average price for exports to the United States totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.7%).

Semi-Manufactured Gold Imports

Imports into Argentina

In 2022, purchases abroad of gold, in semi-manufactured forms increased by 21% to X kg, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 when imports increased by 125% against the previous year. Over the period under review, imports hit record highs at X kg in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured gold imports surged to $X in 2022. Over the period under review, imports, however, showed a pronounced descent. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X kg) constituted the largest supplier of semi-manufactured gold to Argentina, accounting for a 71% share of total imports. Moreover, semi-manufactured gold imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.1% per year) and Germany (-10.4% per year).

In value terms, the United States ($X) constituted the largest supplier of gold, in semi-manufactured forms to Argentina, comprising 89% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.9% per year) and Germany (-17.6% per year).

Import Prices by Country

The average semi-manufactured gold import price stood at $X per ton in 2022, picking up by 294% against the previous year. In general, the import price enjoyed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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