![Singapore - Gold - Market Analysis, Forecast, Size, Trends and Insights](/landing/img/reports/singapore-gold-market-analysis-forecast-size-trends-and-insights.webp)
Singapore - Gold - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGold Price in Singapore - 2022
Contents:
- Gold Price in Singapore (FOB) - 2022
- Gold Price in Singapore (CIF) - 2022
- Gold Exports in Singapore
- Gold Imports in Singapore
Gold Price in Singapore (FOB) - 2022
In September 2022, the average gold export price amounted to $74.4M per ton, picking up by 6.4% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 an increase of 11% m-o-m. As a result, the export price attained the peak level of $80,558 per kg; afterwards, it flattened through to September 2022.
Average prices varied noticeably for the major export markets. In September 2022, the highest price was recorded for prices to Cambodia ($76.6M per ton) and Indonesia ($75.7M per ton), while the average price for exports to Malaysia ($74.3M per ton) and the United Arab Emirates ($74.9M per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.
Gold Price in Singapore (CIF) - 2022
In September 2022, the average gold import price amounted to $76.5M per ton, approximately reflecting the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 12% month-to-month. Over the period under review, average import prices hit record highs at $84.5M per ton in March 2022; afterwards, it flattened through to September 2022.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the highest price was recorded for prices from South Africa ($79.6M per ton) and Australia ($77.8M per ton), while the price for China ($70.2M per ton) and the United States ($74.2M per ton) were amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by China (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Exports in Singapore
In 2022, shipments abroad of gold decreased by -15.3% to 250 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 8.7% against the previous year. As a result, the exports reached the peak of 298 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, gold exports soared to $19.2B in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +65.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 37%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Gold in Singapore (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cambodia | 1.1 | 0.6 | 5.7 | 5.6 | 72.0% |
Malaysia | 1.5 | 1.3 | 3.0 | 3.0 | 26.0% |
China | 4.6 | 1.9 | 2.3 | 3.0 | -13.3% |
United States | N/A | 5.4 | N/A | 1.8 | -42.3% |
Indonesia | 0.7 | 0.8 | 1.1 | 1.0 | 12.6% |
India | 0.1 | 0.4 | 0.9 | 0.9 | 108.0% |
United Kingdom | 0.6 | 1.6 | N/A | 0.7 | 5.3% |
Hong Kong SAR | 1.0 | 0.8 | 0.4 | 0.7 | -11.2% |
Thailand | 0.6 | 0.9 | 0.4 | 0.6 | 0.0% |
United Arab Emirates | 0.9 | 0.4 | N/A | 0.4 | -23.7% |
France | N/A | 0.9 | 0.3 | 0.4 | -33.3% |
Taiwan (Chinese) | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
Others | 0.3 | 0.6 | 0.7 | 0.7 | 32.6% |
Total | 11.6 | 15.8 | 15.0 | 19.2 | 18.3% |
Top Export Markets for Gold from Singapore in 2022:
- United States (54.7 tons)
- Cambodia (54.5 tons)
- China (35.7 tons)
- Malaysia (30.7 tons)
- Taiwan (Chinese) (11.9 tons)
- Indonesia (10.7 tons)
- Hong Kong SAR (9.0 tons)
- India (8.4 tons)
- Thailand (7.5 tons)
- United Kingdom (7.1 tons)
- United Arab Emirates (5.8 tons)
- France (4.1 tons)
Gold Imports in Singapore
In 2022, approx. 270 tons of gold were imported into Singapore; surging by 6% against the year before. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 29% against the previous year. As a result, imports reached the peak of 297 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, gold imports skyrocketed to $21.1B in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Gold in Singapore (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 2.1 | 2.1 | 3.5 | 4.6 | 29.9% |
Australia | 1.6 | 1.0 | 2.0 | 2.6 | 17.6% |
Indonesia | 2.4 | 2.3 | 1.0 | 2.5 | 1.4% |
Japan | 1.2 | 1.9 | 1.9 | 2.4 | 26.0% |
Thailand | 0.4 | 2.8 | 1.0 | 1.8 | 65.1% |
Hong Kong SAR | 0.8 | 2.0 | 1.2 | 1.7 | 28.6% |
Russia | N/A | N/A | 0.9 | 1.2 | 33.3% |
Cambodia | N/A | 2.2 | 0.1 | 1.0 | -32.6% |
United States | 0.1 | 0.4 | 0.7 | 0.9 | 108.0% |
United Arab Emirates | 0.8 | 0.4 | 0.6 | 0.7 | -4.4% |
South Africa | N/A | N/A | 0.3 | 0.4 | 33.3% |
China | N/A | 0.4 | 0.3 | 0.4 | 0.0% |
South Korea | 0.2 | 0.5 | N/A | 0.3 | 14.5% |
Others | 0.6 | 0.5 | 1.0 | 0.6 | 0.0% |
Total | 10.1 | 16.6 | 14.5 | 21.1 | 27.8% |
Top Suppliers of Gold to Singapore in 2022:
- Switzerland (56.3 tons)
- Indonesia (33.8 tons)
- Australia (32.0 tons)
- Japan (30.4 tons)
- Thailand (22.4 tons)
- Hong Kong SAR (22.3 tons)
- Russia (15.0 tons)
- Cambodia (12.0 tons)
- United States (11.7 tons)
- United Arab Emirates (11.2 tons)
- China (5.4 tons)
- South Africa (4.8 tons)
- South Korea (4.1 tons)
This report provides an in-depth analysis of the gold market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
- Prodcom 24412035 -
- Prodcom 24412040 -
- Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
- Prodcom 24412070 - Monetary gold (including gold plated with platinum)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the gold market in Singapore.
This report provides an in-depth analysis of the semi-manufactured gold market in Singapore.
This report provides an in-depth analysis of the market for frozen vegetables other than potato and corn in Singapore.
This report provides an in-depth analysis of the global gold market.
This report provides an in-depth analysis of the global semi-manufactured gold market.
This report provides an in-depth analysis of the global market for frozen vegetables other than potato and corn.
This report provides an in-depth analysis of the unwrought gold market in Singapore.
This report provides an in-depth analysis of the gold market in Singapore.
This report provides an in-depth analysis of the semi-manufactured gold market in Singapore.
Global Unwrought Gold Market Report 2018. This report provides an in-depth analysis of the global unwrought gold market.
Explore the top import markets for gold based on the Import Value of Gold in 2022. Switzerland, China, and the United Kingdom lead the way as major players in the global gold trade. Discover key statistics and market insights.
The average gold price rose by 1.7% to $1800 per troy ounce in 2021. World Bank predicts that gold prices will decrease by 1.1% this year, but recent political tensions around the world could result in the forecast could be revised.
In 2016, the global imports of gold totaled X tons, reducing by -X% against the previous year figure. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports volume incr...
In 2016, the global imports of gold totaled X tons, reducing by -X% against the previous year figure. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports volume incr...
Explore the world's best import markets for frozen vegetables, excluding potato and corn. With key statistics and numbers, discover the demand and preferences in these markets. Get insights from the IndexBox market intelligence platform.
Explore the top import markets for gold based on the Import Value of Gold in 2022. Switzerland, China, and the United Kingdom lead the way as major players in the global gold trade. Discover key statistics and market insights.
The average gold price rose by 1.7% to $1800 per troy ounce in 2021. World Bank predicts that gold prices will decrease by 1.1% this year, but recent political tensions around the world could result in the forecast could be revised.
In 2016, the global imports of gold totaled X tons, reducing by -X% against the previous year figure. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports volume incr...
In 2016, the global imports of gold totaled X tons, reducing by -X% against the previous year figure. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports volume incr...