France: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in France

The French semi-manufactured gold market soared to $X in 2022, rising by 77% against the previous year. Over the period under review, consumption recorded resilient growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Semi-Manufactured Gold Production in France

In value terms, semi-manufactured gold production rose slightly to $X in 2022 estimated in export price. Over the period under review, production posted a strong increase. The growth pace was the most rapid in 2018 with an increase of 64% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Semi-Manufactured Gold Exports

Exports from France

After two years of growth, shipments abroad of gold, in semi-manufactured forms decreased by -60.6% to X tons in 2022. Over the period under review, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 122%. As a result, the exports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, semi-manufactured gold exports reduced remarkably to $X in 2022. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 203%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Italy (X tons) was the main destination for semi-manufactured gold exports from France, accounting for a 58% share of total exports. Moreover, semi-manufactured gold exports to Italy exceeded the volume sent to the second major destination, Switzerland (X kg), ninefold. Belgium (X kg) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-16.9% per year) and Belgium (-0.4% per year).

In value terms, Italy ($X) emerged as the key foreign market for gold, in semi-manufactured forms exports from France, comprising 82% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 5.1% share of total exports. It was followed by Germany, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-21.8% per year) and Germany (-17.1% per year).

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, waning by -18.9% against the previous year. Overall, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 37%. Over the period under review, the average export prices reached the maximum at $X per kg in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per kg), while the average price for exports to Greece ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Semi-Manufactured Gold Imports

Imports into France

In 2022, overseas purchases of gold, in semi-manufactured forms increased by 15% to X tons, rising for the fourth consecutive year after six years of decline. Over the period under review, imports continue to indicate perceptible growth. The growth pace was the most rapid in 2019 when imports increased by 75% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, semi-manufactured gold imports surged to $X in 2022. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by 41%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), Switzerland (X tons) and Spain (X tons) were the main suppliers of semi-manufactured gold imports to France, together accounting for 77% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +41.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-manufactured gold suppliers to France were Switzerland ($X), Germany ($X) and Italy ($X), together comprising 85% of total imports. Spain, the UK and the United States lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Spain, with a CAGR of +37.8%, saw the highest rates of growth with regard to 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

The average semi-manufactured gold import price stood at $X per kg in 2022, growing by 9.7% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price 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, semi-manufactured gold import price increased by +13.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. Over the period under review, average import prices attained the maximum at $X per kg in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per kg), while the price for the United States ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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