U.S.: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in the U.S.

The U.S. semi-manufactured gold market dropped notably to $X in 2022, declining by -47.9% against the previous year. Overall, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Semi-Manufactured Gold Production in the U.S.

In value terms, semi-manufactured gold production rose slightly to $X in 2022. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 30%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Semi-Manufactured Gold Exports

Exports from the U.S.

In 2022, overseas shipments of gold, in semi-manufactured forms decreased by -31.1% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of 70% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, semi-manufactured gold exports shrank to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Cayman Islands (X kg), Canada (X kg) and Singapore (X kg) were the main destinations of semi-manufactured gold exports from the United States, together accounting for 37% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cayman Islands (with a CAGR of +98.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for semi-manufactured gold exported from the United States were Canada ($X), Singapore ($X) and Cayman Islands ($X), together accounting for 32% of total exports.

Cayman Islands, with a CAGR of +153.0%, saw the highest growth rate of 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

In 2022, the average semi-manufactured gold export price amounted to $X per kg, with an increase of 27% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of 90% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per kg), while the average price for exports to Cayman Islands ($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 Cayman Islands (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into the U.S.

In 2022, the amount of gold, in semi-manufactured forms imported into the United States plummeted to X tons, shrinking by -44.3% on the previous year. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 494%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, semi-manufactured gold imports fell dramatically to $X in 2022. Over the period under review, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 1,277% against the previous year. 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

Switzerland (X tons), Canada (X tons) and Mexico (X tons) were the main suppliers of semi-manufactured gold imports to the United States, with a combined 88% share of total imports. South Africa, Nicaragua, Singapore, Germany and Colombia lagged somewhat behind, together comprising a further 8.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +114.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-manufactured gold suppliers to the United States were Switzerland ($X), Canada ($X) and Mexico ($X), with a combined 89% share of total imports. South Africa, Nicaragua, Singapore, Germany and Colombia lagged somewhat behind, together accounting for a further 8.1%.

In terms of the main suppliers, South Africa, with a CAGR of +209.0%, recorded the highest growth rate of 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

The average semi-manufactured gold import price stood at $X per kg in 2022, reducing by -16.2% against the previous year. In general, the import price, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 132%. Over the period under review, average import prices reached the peak figure at $X per kg in 2021, and then fell significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+43.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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