Luxembourg: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Luxembourg

In 2022, the Luxembourg semi-manufactured gold market decreased by -19% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Semi-Manufactured Gold Production in Luxembourg

In value terms, semi-manufactured gold production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of 21%. Semi-manufactured gold production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Semi-Manufactured Gold Exports

Exports from Luxembourg

In 2022, overseas shipments of gold, in semi-manufactured forms were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 328%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured gold exports soared to $X in 2022. In general, exports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2018 when exports increased by 604%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Turkey (X tons) and Switzerland (X kg) were the main destinations of semi-manufactured gold exports from Luxembourg, together comprising 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +11.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for semi-manufactured gold exported from Luxembourg were Germany ($X), Turkey ($X) and Switzerland ($X), with a combined 99.9% share of total exports.

Germany, with a CAGR of +19.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, waning by -22.3% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of 88% against the previous year. Over the period under review, the average export prices hit record highs at $X per kg in 2021, and then contracted significantly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per kg), while the average price for exports to Germany ($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 Germany (+7.8%).

Semi-Manufactured Gold Imports

Imports into Luxembourg

In 2022, the amount of gold, in semi-manufactured forms imported into Luxembourg soared to X tons, rising by 50% compared with 2021. Overall, imports, however, saw a dramatic decrease. The pace of growth was the most pronounced in 2019 when imports increased by 456% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured gold imports soared to $X in 2022. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 439% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Switzerland (X tons) and Belgium (X kg) were the main suppliers of semi-manufactured gold imports to Luxembourg, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +0.0%), while imports for the other leaders experienced a decline.

In value terms, the largest semi-manufactured gold suppliers to Luxembourg were Germany ($X), Switzerland ($X) and Belgium ($X), together accounting for 100% of total imports.

Germany, with a CAGR of +9.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per kg, declining by -19.9% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +10.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 82% against the previous year. The import price peaked at $X per kg in 2021, and then shrank markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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