Germany: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Germany

For the third year in a row, the German semi-manufactured gold market recorded growth in sales value, which increased by 30% to $X in 2022. Overall, consumption showed a prominent increase. Semi-manufactured gold consumption peaked in 2022 and is expected to retain growth in years to come.

Semi-Manufactured Gold Production in Germany

In value terms, semi-manufactured gold production soared to $X in 2022 estimated in export price. Overall, production recorded a buoyant expansion. The growth pace was the most rapid in 2021 when the production volume increased by 25%. Over the period under review, production attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Semi-Manufactured Gold Exports

Exports from Germany

In 2022, approx. X tons of gold, in semi-manufactured forms were exported from Germany; picking up by 34% against the year before. In general, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, semi-manufactured gold exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons) was the main destination for semi-manufactured gold exports from Germany, with a 52% share of total exports. Moreover, semi-manufactured gold exports to France exceeded the volume sent to the second major destination, Switzerland (X tons), sevenfold. The third position in this ranking was held by Poland (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-6.5% per year) and Poland (+2.8% per year).

In value terms, France ($X) remains the key foreign market for gold, in semi-manufactured forms exports from Germany, comprising 49% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 7.5% share of total exports. It was followed by the UK, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-6.4% per year) and the UK (+9.3% per year).

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, increasing by 2.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per kg), while the average price for exports to the Czech Republic ($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 Croatia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Germany

In 2022, overseas purchases of gold, in semi-manufactured forms increased by 63% to X tons, rising for the second consecutive year after three years of decline. In general, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, semi-manufactured gold imports soared to $X in 2022. Over the period under review, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Switzerland (X tons) constituted the largest semi-manufactured gold supplier to Germany, with a 68% share of total imports. It was followed by Brazil (X tons), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Switzerland stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+100.8% per year) and Singapore (-10.6% per year).

In value terms, Switzerland ($X) constituted the largest supplier of gold, in semi-manufactured forms to Germany, comprising 68% of total imports. The second position in the ranking was held by Brazil ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+147.1% per year) and Singapore (-10.2% per year).

Import Prices by Country

The average semi-manufactured gold import price stood at $X per kg in 2022, almost unchanged from the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 32%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per kg), while the price for Singapore ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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