Gold Compounds Price in Thailand - 2023
Contents:
- Gold Compounds Price in Thailand (CIF) - 2022
- Gold Compounds Price in Thailand (FOB) - 2022
- Gold Compounds Imports in Thailand
- Gold Compounds Exports in Thailand
Gold Compounds Price in Thailand (CIF) - 2022
The average gold compounds import price stood at $30,597,009 per ton in 2022, picking up by 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $32,357 per kg. From 2021 to 2022, the average 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 ($38,801,714 per ton), while the price for Italy ($7,157,580 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+189.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Compounds Price in Thailand (FOB) - 2022
In 2022, the average gold compounds export price amounted to $2,324,057 per ton, shrinking by -9.4% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 338%. Over the period under review, the average export prices hit record highs at $3,914,138 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($5,107,873 per ton), while the average price for exports to Malaysia ($62,021 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 the United Arab Emirates (+84.3%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Compounds Imports in Thailand
In 2022, after three years of growth, there was significant decline in purchases abroad of gold compoundses, when their volume decreased by -6.7% to 3.8 tons. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 4 tons, and then declined in the following year.
In value terms, gold compounds imports dropped to $115M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.2% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 62%.
| Import of Gold Compounds in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.6 | 27.9 | 43.0 | 47.7 | 36.9% |
| Japan | 40.8 | 66.3 | 61.3 | 47.3 | 5.1% |
| Hong Kong SAR | 3.6 | 7.8 | 13.4 | 15.5 | 62.7% |
| Taiwan (Chinese) | N/A | N/A | 1.1 | 2.8 | 154.5% |
| Italy | N/A | N/A | 0.1 | 1.6 | 1500.0% |
| Vietnam | N/A | 0.3 | N/A | N/A | 0% |
| Others | 0.4 | 0.2 | 0.1 | 0.2 | -20.6% |
| Total | 63.5 | 103 | 119 | 115 | 21.9% |
Top Suppliers of Gold Compounds to Thailand in 2022:
- Japan (1716.0 kg)
- Germany (1229.0 kg)
- Hong Kong SAR (421.0 kg)
- Italy (224.0 kg)
- Taiwan (Chinese) (92.0 kg)
- Vietnam (1.0 kg)
Gold Compounds Exports in Thailand
In 2022, gold compounds exports from Thailand surged to 1.8 tons, growing by 41% against the year before. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 52%.
In value terms, gold compounds exports soared to $4.1M in 2022. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year.
| Export of Gold Compounds in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5,575 | 1,495 | 2,740 | 3,504 | -14.3% |
| Cambodia | 202 | 257 | 321 | 441 | 29.7% |
| Indonesia | 52.3 | 113 | 110 | 111 | 28.5% |
| Philippines | 117 | 14.5 | 36.6 | 46.1 | -26.7% |
| Australia | 4.8 | 3.4 | 4.0 | 9.3 | 24.7% |
| Malaysia | 4.3 | 2.6 | 0.2 | 9.1 | 28.4% |
| Others | 0.4 | 0.1 | 3.3 | 2.7 | 89.0% |
| Total | 5,955 | 1,885 | 3,216 | 4,123 | -11.5% |
Top Export Markets for Gold Compounds from Thailand in 2022:
- Vietnam (686.0 kg)
- Cambodia (645.0 kg)
- Indonesia (167.0 kg)
- Malaysia (146.0 kg)
- Philippines (70.0 kg)
- Australia (42.0 kg)
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