Italy: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Italy

In 2022, the Italian semi-manufactured gold market decreased by -37.8% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Semi-Manufactured Gold Production in Italy

In value terms, semi-manufactured gold production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 394%. Semi-manufactured gold production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Semi-Manufactured Gold Exports

Exports from Italy

In 2022, the amount of gold, in semi-manufactured forms exported from Italy soared to X tons, jumping by 59% on the year before. Over the period under review, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, semi-manufactured gold exports expanded remarkably to $X in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Switzerland (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of semi-manufactured gold exports from Italy, with a combined 54% share of total exports. The Dominican Republic, France, Sweden, Jordan, the United States, Romania and Russia lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +66.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for gold, in semi-manufactured forms exports from Italy, comprising 51% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by the Dominican Republic, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to +56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.5% per year) and the Dominican Republic (+77.1% per year).

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, waning by -28% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 29%. Over the period under review, the average export prices hit record highs at $X per kg in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per kg), while the average price for exports to Sweden ($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 the United States (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Italy

In 2022, approx. X tons of gold, in semi-manufactured forms were imported into Italy; picking up by 13% on the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 39% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured gold imports expanded notably to $X in 2022. In general, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2019 when imports increased by 40%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Switzerland (X tons) and the United States (X tons) were the main suppliers of semi-manufactured gold imports to Italy, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +22.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-manufactured gold suppliers to Italy were Switzerland ($X), France ($X) and Spain ($X), with a combined 80% share of total imports. Germany, the UK, the United States, Belgium and Jordan lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, the United States, with a CAGR of +17.1%, recorded 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

In 2022, the average semi-manufactured gold import price amounted to $X per kg, flattening at the previous year. In general, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32%. Over the period under review, average import prices hit record highs at $X per kg in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per kg), while the price for Jordan ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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