Israel: Gold Market 2025

Gold Market Size in Israel

In 2021, the Israeli gold market increased by 125% to $X, rising for the second consecutive year after five years of decline. Overall, consumption showed resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Gold Production in Israel

In value terms, gold production dropped remarkably to $X in 2021 estimated in export price. In general, production faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 67% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Gold Exports

Exports from Israel

After two years of growth, shipments abroad of gold decreased by -56.5% to X kg in 2021. In general, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 825% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, gold exports shrank sharply to $X in 2021. Overall, exports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2020 when exports increased by 1,040% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg), Turkey (X kg) and Hong Kong SAR (X kg) were the main destinations of gold exports from Israel, with a combined 96% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +13.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for gold exported from Israel were Switzerland ($X), Turkey ($X) and Hong Kong SAR ($X), together comprising 96% of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average gold export price amounted to $X per kg, increasing by 5.1% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold export price increased by +62.2% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Switzerland ($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 the United States (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Imports

Imports into Israel

After two years of decline, overseas purchases of gold increased by 409% to X tons in 2021. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gold imports skyrocketed to $X in 2021. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X kg) constituted the largest supplier of gold to Israel, accounting for a 53% share of total imports. Moreover, gold imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Italy (X kg), twofold. The third position in this ranking was taken by the United States (X kg), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +28,166.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+46.8% per year) and the United States (+28.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gold to Israel, comprising 54% of total imports. The second position in the ranking was taken by Italy ($X), with a 24% share of total imports. It was followed by the United States, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +35,966.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+47.4% per year) and the United States (+29.6% per year).

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, increasing by 7.1% against the previous year. Overall, the import price recorded modest growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 226%. As a result, import price attained the peak level of $X per kg. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per kg) and Turkey ($X per kg), while the price for Germany ($X per kg) and the United States ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :