Australia: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Australia

For the third consecutive year, the Australian semi-manufactured gold market recorded growth in sales value, which increased by 28% to $X in 2022. Overall, consumption enjoyed strong growth. Semi-manufactured gold consumption peaked in 2022 and is expected to retain growth in the immediate term.

Semi-Manufactured Gold Production in Australia

In value terms, semi-manufactured gold production rose notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 -5.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Semi-Manufactured Gold Exports

Exports from Australia

In 2022, shipments abroad of gold, in semi-manufactured forms decreased by -12.1% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a noticeable descent. The pace of growth was the most pronounced in 2016 when exports increased by 15% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured gold exports dropped to $X in 2022. Over the period under review, exports saw a slight slump. The pace of growth was the most pronounced in 2016 when exports increased by 26%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), Hong Kong SAR (X tons) and Singapore (X tons) were the main destinations of semi-manufactured gold exports from Australia, with a combined 75% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +37.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for semi-manufactured gold exported from Australia were China ($X), Hong Kong SAR ($X) and Singapore ($X), together accounting for 75% of total exports.

Hong Kong SAR, with a CAGR of +39.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, standing approx. at the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +64.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of 27%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per kg) and Thailand ($X per kg), while the average price for exports to India ($X per kg) and China ($X per kg) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Australia

Semi-manufactured gold imports into Australia shrank remarkably to X tons in 2022, which is down by -63.5% on the previous year's figure. In general, imports showed a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 2,179%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, semi-manufactured gold imports declined significantly to $X in 2022. Overall, imports recorded a significant decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 2,824%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X kg), Senegal (X kg) and New Zealand (X kg) were the main suppliers of semi-manufactured gold imports to Australia, together comprising 74% of total imports. Germany, Solomon Islands, Singapore, the United Arab Emirates, Switzerland, Japan and Thailand lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Solomon Islands (with a CAGR of +22.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Senegal ($X) and New Zealand ($X) appeared to be the largest semi-manufactured gold suppliers to Australia, with a combined 76% share of total imports. Germany, Solomon Islands, Singapore, Switzerland, the United Arab Emirates, Thailand and Japan lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Solomon Islands, with a CAGR of +41.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per kg, increasing by 17% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 import price increased by +102.1% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of 28%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per kg), while the price for Japan ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Solomon Islands (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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