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Report Southern Asia - Gold - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Southern Asia - Gold - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Gold Market 2024

Gold Market Size in Southern Asia

In 2021, the South Asian gold market increased by 146% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Gold Production in Southern Asia

In value terms, gold production shrank modestly to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +64.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 28%. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

Gold Exports

Exports in Southern Asia

In 2021, overseas shipments of gold decreased by -44.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 269% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, gold exports dropped rapidly to $X in 2021. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 279%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Afghanistan represented the largest exporter of gold in Southern Asia, with the volume of exports reaching X tons, which was approx. 77% of total exports in 2021. It was distantly followed by Pakistan (X tons), generating a 22% share of total exports.

Afghanistan was also the fastest-growing in terms of the gold exports, with a CAGR of +8.3% from 2012 to 2021. Pakistan (-21.8%) illustrated a downward trend over the same period. Afghanistan (+62 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -56.3% from 2012 to 2021, respectively.

In value terms, Afghanistan ($X) remains the largest gold supplier in Southern Asia, comprising 77% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Afghanistan amounted to +9.9%.

Export Prices by Country

The export price in Southern Asia stood at $X per kg in 2021, rising by 7.1% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.2% 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 +53.6% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by 24% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per kg), while Afghanistan totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+3.3%).

Gold Imports

Imports in Southern Asia

In 2021, supplies from abroad of gold was finally on the rise to reach X tons after three years of decline. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gold imports soared to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons) represented roughly 99% of total imports in 2021.

India experienced a relatively flat trend pattern with regard to volume of imports of gold. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported gold in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India was relatively modest.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per kg, reducing by -10.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per kg, and then shrank in the following year.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -0.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

India remains the largest gold consuming country in Southern Asia, comprising approx. 91% of total volume. Moreover, gold consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh, more than tenfold.
Afghanistan remains the largest gold producing country in Southern Asia, accounting for 71% of total volume. Moreover, gold production in Afghanistan exceeded the figures recorded by the second-largest producer, Pakistan, fourfold.
In value terms, Afghanistan emerged as the largest gold supplier in Southern Asia, comprising 59% of total exports. The second position in the ranking was occupied by India, with a 28% share of total exports.
In value terms, India constitutes the largest market for imported gold in Southern Asia, comprising 98% of total imports. The second position in the ranking was occupied by Bangladesh, with a 1.8% share of total imports.
In 2020, the gold export price in Southern Asia amounted to $55,231 per kg, jumping by 20% against the previous year.
In 2020, the gold import price in Southern Asia amounted to $34,643 per kg, with an increase of 21% against the previous year.

This report provides an in-depth analysis of the gold market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
  • Prodcom 24412035 -
  • Prodcom 24412040 -
  • Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
  • Prodcom 24412070 - Monetary gold (including gold plated with platinum)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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