New Zealand: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in New Zealand

In 2022, the New Zealand semi-manufactured gold market decreased by -1.5% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Semi-Manufactured Gold Production in New Zealand

In value terms, semi-manufactured gold production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 8.8% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Semi-Manufactured Gold Exports

Exports from New Zealand

In 2022, overseas shipments of gold, in semi-manufactured forms increased by 50% to X kg, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 480% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured gold exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of 793%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X kg) was the main destination for semi-manufactured gold exports from New Zealand, accounting for a 73% share of total exports. Moreover, semi-manufactured gold exports to Australia exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.8% per year) and Thailand (+8.0% per year).

In value terms, Australia ($X) remains the key foreign market for gold, in semi-manufactured forms exports from New Zealand, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.5% per year) and Thailand (+16.4% per year).

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, waning by -8.8% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 54% against the previous year. The export price peaked at $X per kg in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Thailand ($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 (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into New Zealand

In 2022, overseas purchases of gold, in semi-manufactured forms decreased by -16.9% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, showed a noticeable increase. The growth pace was the most rapid in 2016 when imports increased by 261%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured gold imports rose notably to $X in 2022. In general, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 296% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest semi-manufactured gold supplier to New Zealand, with a 78% share of total imports. Moreover, semi-manufactured gold imports from Australia exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), eightfold. Japan (X kg) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from Australia totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-4.1% per year) and Japan (-13.9% per year).

In value terms, Australia ($X) constituted the largest supplier of gold, in semi-manufactured forms to New Zealand, comprising 79% of total imports. The second position in the ranking was taken by Switzerland ($X), with an 11% share of total imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia amounted to +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+0.4% per year) and Japan (-5.0% per year).

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per kg, picking up by 32% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 +76.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 33%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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