Report Update Nov 1, 2024

Sri Lanka - Gold, in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Sri Lanka

In 2022, after two years of growth, there was significant decline in the Sri Lankan semi-manufactured gold market, when its value decreased by -26.3% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Semi-Manufactured Gold Production in Sri Lanka

In value terms, semi-manufactured gold production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 2.3% against the previous year. Semi-manufactured gold production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Semi-Manufactured Gold Exports

Exports from Sri Lanka

In 2022, shipments abroad of gold, in semi-manufactured forms decreased by -80% to X kg, falling for the eighth year in a row after three years of growth. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2013 with an increase of 343% against the previous year. The exports peaked at X kg in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured gold exports declined rapidly to $X in 2022. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 239% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for semi-manufactured gold exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for gold, in semi-manufactured forms exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, which is down by -97.5% against the previous year. Over the period under review, the export price saw a significant curtailment. The most prominent rate of growth was recorded in 2019 a decrease of -2.3%. Over the period under review, the average export prices attained the peak figure at $X per kg in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to -7.8% per year.

Semi-Manufactured Gold Imports

Imports into Sri Lanka

In 2022, approx. X kg of gold, in semi-manufactured forms were imported into Sri Lanka; waning by -99.3% against 2021 figures. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by 404%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, semi-manufactured gold imports reduced sharply to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 532%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Japan (X kg) and the United Arab Emirates (X kg) were the main suppliers of semi-manufactured gold imports to Sri Lanka.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of 0.0%).

In value terms, Japan ($X) constituted the largest supplier of gold, in semi-manufactured forms to Sri Lanka, comprising 100% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan was relatively modest.

Import Prices by Country

The average semi-manufactured gold import price stood at $X per kg in 2022, reducing by -13.1% against the previous year. Overall, the import price saw a mild decrease. The pace of growth appeared the most rapid in 2013 an increase of 123% against the previous year. Over the period under review, average import prices reached the maximum at $X per kg in 2019; however, from 2020 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 Japan ($X per kg), while the price for the United Arab Emirates stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gold, in semi-manufactured forms in the world?

The countries with the highest volumes of in 2021 were Switzerland, Australia and the UK, with a combined 33% share of global consumption. These countries were followed by Singapore, Spain, India, Italy, Germany, Japan, Taiwan Chinese), Uzbekistan, the United Arab Emirates and the United States, which together accounted for a further 46%.

What are the largest producers of gold, in semi-manufactured forms in the world?

Australia constituted the country with the largest volume of semi-manufactured gold production, accounting for 25% of total volume. Moreover, semi-manufactured gold production in Australia exceeded the figures recorded by the second-largest producer, the UK, threefold. The third position in this ranking was occupied by Ghana, with a 7.8% share.

What are the leading suppliers of gold, in semi-manufactured forms to Sri Lanka?

In value terms, the United States and Australia constituted the largest semi-manufactured gold suppliers to Sri Lanka.

What are the leading importers of gold, in semi-manufactured forms from Sri Lanka?

In value terms, Switzerland remains the key foreign market for semi-manufactured gold exports from Sri Lanka.

What is the average export price for gold, in semi-manufactured forms in Sri Lanka?

In 2020, the average semi-manufactured gold export price amounted to less than $0.1 per ton, leveling off at the previous year.

What is the average import price for gold, in semi-manufactured forms in Sri Lanka?

The average semi-manufactured gold import price stood at less than $0.1 per ton in 2020, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the semi-manufactured gold market in Sri Lanka. 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 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023