Sweden: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Sweden

The Swedish semi-manufactured gold market skyrocketed to $X in 2022, picking up by 102% against the previous year. In general, consumption enjoyed a modest increase. Semi-manufactured gold consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Semi-Manufactured Gold Production in Sweden

In value terms, semi-manufactured gold production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a significant expansion. Semi-manufactured gold production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Semi-Manufactured Gold Exports

Exports from Sweden

Semi-manufactured gold exports from Sweden rose markedly to X tons in 2022, growing by 13% compared with 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 321% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, semi-manufactured gold exports stood at $X in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 344%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Switzerland (X tons) was the main destination for semi-manufactured gold exports from Sweden, with a 82% share of total exports. Moreover, semi-manufactured gold exports to Switzerland exceeded the volume sent to the second major destination, Finland (X kg), eightfold. The third position in this ranking was held by the United Arab Emirates (X kg), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at +78.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+25.1% per year) and the United Arab Emirates (+40.5% per year).

In value terms, Switzerland ($X) remains the key foreign market for gold, in semi-manufactured forms exports from Sweden, comprising 81% of total exports. The second position in the ranking was taken by Finland ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland totaled +79.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+30.0% per year) and the United Arab Emirates (+59.3% per year).

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, with a decrease of -9.7% against the previous year. Over the period under review, the export price, however, continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 62% against the previous year. The export price peaked at $X per kg in 2021, and then fell in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Finland ($X per kg) and Turkey ($X per kg), while the average price for exports to the United Arab Emirates ($X per kg) and Switzerland ($X per kg) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Sweden

In 2022, approx. X tons of gold, in semi-manufactured forms were imported into Sweden; rising by 45% against 2021. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 48%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, semi-manufactured gold imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 36%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of semi-manufactured gold to Sweden, accounting for a 60% share of total imports. Moreover, semi-manufactured gold imports from Norway exceeded the figures recorded by the second-largest supplier, Finland (X kg), threefold. Switzerland (X kg) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+6.6% per year) and Switzerland (+22.1% per year).

In value terms, the largest semi-manufactured gold suppliers to Sweden were Norway ($X), Finland ($X) and Switzerland ($X), together accounting for 93% of total imports. The United States and Germany lagged somewhat behind, together accounting for a further 6.3%.

Among the main suppliers, the United States, with a CAGR of +53.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per kg, dropping by -9.1% against the previous year. Overall, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 51% against the previous year. Over the period under review, average import prices attained the peak figure at $X per kg in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per kg), while the price for the United States ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :