Gold Compounds Price in India - 2023
Contents:
- Gold Compounds Price in India (CIF) - 2023
- Gold Compounds Price in India (FOB) - 2022
- Gold Compounds Imports in India
- Gold Compounds Exports in India
Gold Compounds Price in India (CIF) - 2023
In September 2023, the average gold compounds import price amounted to $17.9M per ton, approximately reflecting the previous month. Over the period under review, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in November 2022 an increase of 25% month-to-month. The import price peaked at $39.0M per ton in September 2022; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($44.3M per ton), while the price for Italy ($2.0M 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 the United Arab Emirates (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Compounds Price in India (FOB) - 2022
The average gold compounds export price stood at $947,875 per ton in 2022, falling by -97.4% against the previous year. Overall, the export price, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 when the average export price increased by 4,907%. Over the period under review, the average export prices attained the maximum at $36,612,182 per ton in 2021, and then declined sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,277,000 per ton), while the average price for exports to South Korea ($36,000 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 Ukraine (+65,736.3%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Compounds Imports in India
In 2022, approx. 2.9 tons of gold compoundses were imported into India; growing by 20% on 2021. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, gold compounds imports declined dramatically to $37M in 2022. In general, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, imports reached the peak of $67M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Gold Compounds in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 7.3 | 0.7 | 2.7 | 9.9 | 10.7% |
| Singapore | 42.0 | 58.0 | 40.4 | 7.6 | -43.4% |
| United Arab Emirates | 0.5 | N/A | N/A | 5.0 | 115.4% |
| Germany | 0.5 | 0.5 | 2.1 | 4.6 | 109.5% |
| Italy | 0.7 | 1.6 | 2.2 | 3.2 | 66.0% |
| South Africa | N/A | N/A | N/A | 3.2 | 0% |
| United States | 1.5 | 3.0 | 3.1 | 2.4 | 17.0% |
| Hong Kong SAR | 4.5 | 3.3 | 0.3 | 0.4 | -55.4% |
| Others | 0.2 | 0.1 | 0.1 | 0.8 | 58.7% |
| Total | 57.1 | 67.1 | 50.8 | 37.1 | -13.4% |
Top Suppliers of Gold Compounds to India in 2022:
- Italy (996.0 kg)
- Germany (828.0 kg)
- South Africa (307.0 kg)
- Indonesia (241.0 kg)
- United Arab Emirates (204.0 kg)
- Singapore (201.0 kg)
- United States (59.0 kg)
- Hong Kong SAR (14.0 kg)
Gold Compounds Exports in India
In 2022, shipments abroad of gold compoundses decreased by -99% to 8 kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 1.7 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, gold compounds exports contracted rapidly to $7.6K in 2022. Overall, exports saw a significant curtailment. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $50M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Gold Compounds in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | N/A | 0% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Switzerland | N/A | 6.6 | N/A | N/A | 0% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Democratic Republic of the Congo | N/A | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | N/A | N/A | 0% |
| United Arab Emirates | 41.4 | 43.3 | 29.3 | N/A | -15.9% |
| South Africa | N/A | N/A | N/A | N/A | 0% |
| Bhutan | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 41.4 | 50.0 | 29.4 | N/A | -15.7% |
Top Export Markets for Gold Compounds from India in 2022:
- Germany (2.0 kg)
- Bhutan (1.0 kg)
- South Africa (1.0 kg)
- United States (1.0 kg)
- Democratic Republic of the Congo (1.0 kg)
- Thailand (1.0 kg)
- South Korea (1.0 kg)
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