Gold Compounds Price in Hong Kong SAR - 2023
Contents:
- Gold Compounds Price in Hong Kong SAR (FOB) - 2022
- Gold Compounds Price in Hong Kong SAR (CIF) - 2023
- Gold Compounds Exports in Hong Kong SAR
- Gold Compounds Imports in Hong Kong SAR
Gold Compounds Price in Hong Kong SAR (FOB) - 2022
The average gold compounds export price stood at $34,226,700 per ton in 2022, rising by 65% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gold compounds export price increased by +271.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 124% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($40,837,400 per ton), while the average price for exports to China ($8,310,048 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Compounds Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average gold compounds import price amounted to $7.5M per ton, with an increase of 218% against the previous month. In general, the import price saw a resilient expansion. Over the period under review, average import prices reached the peak figure at $7.5M per ton in March 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($42.0M per ton), while the price for Germany ($1.5M per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Compounds Exports in Hong Kong SAR
In 2022, overseas shipments of gold compoundses decreased by -56.3% to 2.6 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 558%. As a result, the exports reached the peak of 22 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, gold compounds exports declined sharply to $89M in 2022. Overall, exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 146% against the previous year. As a result, the exports attained the peak of $199M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Gold Compounds in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 64.6 | 73.8 | 71.2 | 61.9 | -1.4% |
| Thailand | 3.5 | 7.5 | 14.7 | 15.5 | 64.2% |
| China | 2.6 | 106 | 30.4 | 4.1 | 16.4% |
| Vietnam | 2.9 | 2.7 | 2.3 | 3.4 | 5.4% |
| Philippines | 2.0 | 2.1 | 2.3 | 2.2 | 3.2% |
| India | 4.1 | 4.7 | 1.1 | 1.6 | -26.9% |
| Others | 0.9 | 1.5 | 1.3 | 0.4 | -23.7% |
| Total | 80.7 | 199 | 123 | 89.2 | 3.4% |
Top Export Markets for Gold Compounds from Hong Kong SAR in 2022:
- Singapore (1517.0 kg)
- China (495.0 kg)
- Thailand (385.0 kg)
- Vietnam (91.0 kg)
- Philippines (59.0 kg)
- India (40.0 kg)
Gold Compounds Imports in Hong Kong SAR
In 2022, the amount of gold compoundses imported into Hong Kong SAR skyrocketed to 5.6 tons, growing by 35% against the previous year's figure. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 215% against the previous year. As a result, imports reached the peak of 23 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, gold compounds imports contracted to $28M in 2022. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 134%. As a result, imports attained the peak of $79M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Gold Compounds in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 18.1 | 17.4 | 15.5 | 12.5 | -11.6% |
| China | 11.3 | 56.3 | 11.7 | 10.3 | -3.0% |
| Germany | 4.4 | 5.5 | 3.6 | 5.0 | 4.4% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 33.9 | 79.3 | 30.9 | 27.9 | -6.3% |
Top Suppliers of Gold Compounds to Hong Kong SAR in 2022:
- China (5.0 tons)
- Switzerland (0.3 tons)
- Germany (0.2 tons)
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