Gold Compounds Price in Switzerland - 2023

Contents:

1. Gold Compounds Price in Switzerland (FOB) - 2023
2. Gold Compounds Price in Switzerland (CIF) - 2022
3. Gold Compounds Exports in Switzerland
4. Gold Compounds Imports in Switzerland

Gold Compounds Price in Switzerland (FOB) - 2023

The average gold compounds export price stood at $15.0M per ton in September 2023, with a decrease of -8.7% against the previous month. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in November 2022 an increase of 28% month-to-month. The export price peaked at $32.4M per ton in December 2022; afterwards, it flattened through to September 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($42.1M per ton), while the average price for exports to Taiwan (Chinese) ($7.2M per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Compounds Price in Switzerland (CIF) - 2022

The average gold compounds import price stood at $21,577,744 per ton in 2022, surging by 22% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 45% against the previous year. The import price peaked at $23,846,512 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Germany ($23,316,665 per ton), while the price for the United States ($1,158,545 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Gold Compounds Exports in Switzerland

In 2022, shipments abroad of gold compoundses decreased by -30.9% to 19 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 47%.

In value terms, gold compounds exports contracted to $425M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 36% against the previous year.

Top Export Markets for Gold Compounds from Switzerland in 2022:

1. Taiwan (Chinese) (8.0 tons)
2. France (5.1 tons)
3. Singapore (2.2 tons)
4. Germany (1.3 tons)
5. Spain (1.2 tons)
6. United Kingdom (0.6 tons)
7. Hong Kong SAR (0.3 tons)

Gold Compounds Imports in Switzerland

For the third year in a row, Switzerland recorded decline in purchases abroad of gold compoundses, which decreased by -36.6% to 878 kg in 2022. Over the period under review, imports recorded a dramatic descent. The smallest decline of -21.7% was in 2020.

In value terms, gold compounds imports reduced markedly to $19M in 2022. In general, imports continue to indicate a sharp downturn. The smallest decline of -4.8% was in 2020.

Top Suppliers of Gold Compounds to Switzerland in 2022:

1. Germany (767.0 kg)
2. Italy (74.0 kg)
3. United States (33.0 kg)
4. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform