Report Update May 1, 2025

Denmark - Gold - Market Analysis, Forecast, Size, Trends and Insights

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Denmark: Gold Market 2025

Gold Market Size in Denmark

After two years of growth, the Danish gold market decreased by -61.3% to $X in 2021. Overall, consumption, however, recorded a buoyant increase. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Gold Production in Denmark

In value terms, gold production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 321% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Gold Exports

Exports from Denmark

In 2021, the amount of gold exported from Denmark reduced notably to X tons, shrinking by -20.3% compared with the previous year's figure. Overall, exports, however, recorded measured growth. The most prominent rate of growth was recorded in 2020 when exports increased by 306%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, gold exports surged to $X in 2021. Over the period under review, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 194%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Norway (X kg) and Germany (X kg) were the main destinations of gold exports from Denmark, together comprising 86% of total exports. These countries were followed by Iceland, Turkey, the UK and France, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +55.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for gold exports from Denmark, comprising 81% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Turkey, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-25.3% per year) and Turkey (-16.6% per year).

Export Prices by Country

In 2021, the average gold export price amounted to $X per kg, rising by 64% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 302% against the previous year. The export price peaked at $X per kg in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per kg), while the average price for exports to Norway ($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 France (-0.5%), while the prices for the other major destinations experienced a decline.

Gold Imports

Imports into Denmark

In 2021, purchases abroad of gold decreased by -84.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a noticeable setback. The growth pace was the most rapid in 2020 when imports increased by 403%. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, gold imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest gold supplier to Denmark, accounting for a 82% share of total imports. Moreover, gold imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), tenfold. The UK (X kg) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+28.6% per year) and the UK (-0.2% per year).

In value terms, the largest gold suppliers to Denmark were Germany ($X), Switzerland ($X) and the UK ($X), with a combined 96% share of total imports.

Switzerland, with a CAGR of +76.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gold import price stood at $X per kg in 2021, with an increase of 1,179% against the previous year. In general, the import price posted buoyant growth. As a result, import price attained 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 Switzerland ($X per kg), while the price for Sweden ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+37.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gold in the world?

The countries with the highest volumes of gold consumption in 2020 were the UK, Switzerland and China, with a combined 41% share of global consumption.

What are the largest producers of gold in the world?

The countries with the highest volumes of gold production in 2020 were Russia, Argentina and South Africa, with a combined 19% share of global production. Hong Kong SAR, Australia, China, Peru, Thailand, the United Arab Emirates, Singapore, Japan, the United States and Canada lagged somewhat behind, together comprising a further 41%.

What are the leading suppliers of gold to Denmark?

In value terms, Germany, Switzerland and the UK were the largest gold suppliers to Denmark, with a combined 94% share of total imports. Singapore lagged somewhat behind, accounting for a further 0.8%.

What are the leading importers of gold from Denmark?

In value terms, the United Arab Emirates remains the key foreign market for gold exports from Denmark, comprising 57% of total exports. The second position in the ranking was occupied by Germany, with a 22% share of total exports. It was followed by Turkey, with a 7.5% share.

What is the average export price for gold in Denmark?

The average gold export price stood at $18,872 per kg in 2020, with an increase of 4.5% against the previous year.

What is the average import price for gold in Denmark?

In 2020, the average gold import price amounted to $8,150 per kg, picking up by 1.8% against the previous year.

This report provides an in-depth analysis of the gold market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
Prodcom 24412035 -
Prodcom 24412040 -
Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
Prodcom 24412070 - Monetary gold (including gold plated with platinum)

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024