Israel: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Israel

After five years of growth, the Israeli semi-manufactured gold market decreased by less than 0.1% to $X in 2022. Overall, consumption, however, recorded a pronounced increase. Over the period under review, the market reached the maximum level at $X in 2021, and then fell slightly in the following year.

Semi-Manufactured Gold Production in Israel

In value terms, semi-manufactured gold production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 6.9%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Semi-Manufactured Gold Exports

Exports from Israel

In 2022, the amount of gold, in semi-manufactured forms exported from Israel surged to X kg, picking up by 50% on the year before. Overall, exports, however, faced a precipitous decrease. The pace of growth was the most pronounced in 2014 with an increase of 364% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, semi-manufactured gold exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a sharp reduction. The growth pace was the most rapid in 2014 when exports increased by 309%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) and the UK (X kg) were the main destinations of semi-manufactured gold exports from Israel.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of 0.0%).

In value terms, the United States ($X) remains the key foreign market for gold, in semi-manufactured forms exports from Israel, comprising 51% of total exports. The second position in the ranking was held by the UK ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -33.1%.

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, stabilizing at the previous year. In general, the export price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 27% 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 2022, the export prices stood at a somewhat lower figure.

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 the UK totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Israel

In 2022, imports of gold, in semi-manufactured forms into Israel contracted modestly to X kg, with a decrease of -4.5% against 2021. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 175% against the previous year. As a result, imports attained the peak of X kg, and then shrank modestly in the following year.

In value terms, semi-manufactured gold imports dropped to $X in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 204% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The United States (X kg), Germany (X kg) and Switzerland (X kg) were the main suppliers of semi-manufactured gold imports to Israel, together comprising 66% of total imports. Italy, Austria, Hong Kong SAR and France lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +524.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-manufactured gold suppliers to Israel were the United States ($X), Germany ($X) and Switzerland ($X), together accounting for 68% of total imports. Italy, Austria, Hong Kong SAR and France lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +525.0%, recorded 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

The average semi-manufactured gold import price stood at $X per kg in 2022, shrinking by -2.6% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price 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, semi-manufactured gold import price increased by +57.8% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 22%. Over the period under review, average import prices hit record highs at $X per kg in 2021, and then dropped in the following year.

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 Germany ($X per kg), while the price for France ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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