Peru: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Peru

The Peruvian semi-manufactured gold market expanded modestly to $X in 2022, growing by 2.9% against the previous year. In general, consumption posted modest growth. Semi-manufactured gold consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Semi-Manufactured Gold Production in Peru

In value terms, semi-manufactured gold production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Semi-Manufactured Gold Exports

Exports from Peru

Semi-manufactured gold exports from Peru skyrocketed to X kg in 2022, picking up by 22% compared with the year before. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 772% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, semi-manufactured gold exports soared to $X in 2022. Overall, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by 490% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for semi-manufactured gold exports from Peru, accounting for a 35% share of total exports. Moreover, semi-manufactured gold exports to the United States exceeded the volume sent to the second major destination, Bolivia (X kg), threefold. India (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+0.7% per year) and India (-30.6% per year).

In value terms, the largest markets for semi-manufactured gold exported from Peru were the United States ($X), Belgium ($X) and France ($X), with a combined 49% share of total exports.

The United States, with a CAGR of +52.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, growing by 4.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 29%. Over the period under review, the average export prices attained the peak figure at $X per kg in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per kg), while the average price for exports to India ($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 France (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Peru

Semi-manufactured gold imports into Peru surged to X kg in 2022, picking up by 77% against the previous year. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 400% against the previous year. As a result, imports attained the peak of X kg. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, semi-manufactured gold imports soared to $X in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,309%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest semi-manufactured gold supplier to Peru, accounting for a 78% share of total imports. Moreover, semi-manufactured gold imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X kg), more than tenfold. Germany (X kg) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (0.0% per year) and Germany (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of gold, in semi-manufactured forms to Peru, comprising 96% of total imports. The second position in the ranking was held by Italy ($X), with a 1.1% share of total imports. It was followed by the UK, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.5% per year) and the UK (-26.6% per year).

Import Prices by Country

The average semi-manufactured gold import price stood at $X per kg in 2022, growing by 30% against the previous year. In general, the import price saw temperate growth. The most prominent rate of growth was recorded in 2017 an increase of 288% against the previous year. Over the period under review, average import prices attained the maximum at $X per kg in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per kg), while the price for Brazil ($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 States (+10.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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