Argentina: Gold Market 2025

Gold Market Size in Argentina

After two years of growth, the Argentinian gold market decreased by -16.7% to $X in 2021. Over the period under review, consumption saw a slight decline. Over the period under review, the market attained the maximum level at $X in 2020, and then fell notably in the following year.

Gold Production in Argentina

In value terms, gold production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Gold Exports

Exports from Argentina

For the third consecutive year, Argentina recorded decline in overseas shipments of gold, which decreased by -30.6% to X tons in 2021. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 85% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, gold exports declined dramatically to $X in 2021. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X tons) was the main destination for gold exports from Argentina, accounting for a 76% share of total exports. Moreover, gold exports to Switzerland exceeded the volume sent to the second major destination, India (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+34.8% per year) and the United States (+18.4% per year).

In value terms, the largest markets for gold exported from Argentina were Switzerland ($X), the United States ($X) and India ($X), together comprising 99% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +52.6%, 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 mixed trend patterns.

Export Prices by Country

The average gold export price stood at $X per kg in 2021, dropping by -6.4% against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per kg in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Switzerland ($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 States (+28.9%), while the prices for the other major destinations experienced mixed trend patterns.

Gold Imports

Imports into Argentina

In 2021, gold imports into Argentina stood at X kg, approximately equating the previous year's figure. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 167% against the previous year. Imports peaked at X kg in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, gold imports skyrocketed to $X in 2021. Overall, imports recorded significant growth. The growth pace was the most rapid in 2018 when imports increased by 652%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Switzerland (X kg) constituted the largest supplier of gold to Argentina, accounting for a 64% share of total imports. Moreover, gold imports from Switzerland exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X kg), ninefold. Chile (X kg) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland totaled +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+8.0% per year) and Chile (+8.0% per year).

In value terms, Switzerland ($X) constituted the largest supplier of gold to Argentina, comprising 93% of total imports. The second position in the ranking was held by the United States ($X), with a 0.9% share of total imports. It was followed by Chile, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland amounted to +46.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+34.5% per year) and Chile (+36.6% per year).

Import Prices by Country

The average gold import price stood at $X per kg in 2021, surging by 27% against the previous year. Overall, the import price posted a significant increase. The growth pace was the most rapid in 2018 an increase of 209% against the previous year. As a result, import price attained the peak level of $X per kg. From 2019 to 2021, the average 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 Switzerland ($X per kg), while the price for Brazil ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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