Switzerland - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGold Price in Switzerland - 2023
Contents:
- Gold Price in Switzerland (CIF) - 2023
- Gold Price in Switzerland (FOB) - 2023
- Gold Imports in Switzerland
- Gold Exports in Switzerland
Gold Price in Switzerland (CIF) - 2023
The average gold import price stood at $44.8M per ton in July 2023, rising by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 25% m-o-m. The import price peaked at $53.4M per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Hong Kong SAR ($64.0M per ton), while the price for Chile ($3.6M per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Price in Switzerland (FOB) - 2023
The average gold export price stood at $63.7M per ton in July 2023, approximately reflecting the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in April 2023 an increase of 5.9% against the previous month. As a result, the export price reached the peak level of $64,363 per kg; afterwards, it flattened through to July 2023.
Average prices varied noticeably for the major overseas markets. In July 2023, the countries with the highest prices were the UK ($65.2M per ton) and India ($64.5M per ton), while the average price for exports to Italy ($59.3M per ton) and Germany ($60.6M per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Imports in Switzerland
In 2022, the amount of gold imported into Switzerland expanded sharply to 2.4K tons, picking up by 9.4% against 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.4% 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 +59.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, gold imports amounted to $98.4B in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 45% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
Import of Gold in Switzerland (Billion USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 3.3 | 6.6 | 9.1 | 20.6 | 84.1% |
United Kingdom | 6.3 | 10.6 | 30.8 | 8.8 | 11.8% |
United Arab Emirates | 5.9 | 8.1 | 7.4 | 8.2 | 11.6% |
Canada | 0.5 | 1.0 | 2.4 | 5.8 | 126.4% |
South Africa | 2.2 | 1.7 | 3.6 | 5.2 | 33.2% |
Uzbekistan | 2.6 | N/A | 2.4 | 3.9 | 14.5% |
Philippines | 0.4 | 0.4 | 0.5 | 3.5 | 106.1% |
Ghana | 2.4 | 3.0 | 2.4 | 3.3 | 11.2% |
Australia | 1.1 | 1.6 | 1.3 | 2.7 | 34.9% |
Peru | 2.2 | 1.6 | 2.1 | 2.3 | 1.5% |
Dominican Republic | 0.8 | 1.2 | 0.9 | 1.0 | 7.7% |
Argentina | 1.5 | 0.9 | 0.8 | 0.9 | -15.7% |
Chile | 0.7 | 0.8 | 0.8 | 0.8 | 4.6% |
Others | 30.7 | 50.3 | 27.9 | 31.5 | 0.9% |
Total | 60.6 | 87.9 | 92.3 | 98.4 | 17.5% |
Top Suppliers of Gold to Switzerland in 2022:
- United States (364.7 tons)
- Peru (200.2 tons)
- United Kingdom (151.6 tons)
- Argentina (149.1 tons)
- United Arab Emirates (139.2 tons)
- Chile (126.5 tons)
- Canada (114.5 tons)
- Australia (113.4 tons)
- South Africa (90.6 tons)
- Philippines (70.6 tons)
- Uzbekistan (68.6 tons)
- Dominican Republic (68.3 tons)
- Ghana (65.1 tons)
Gold Exports in Switzerland
In 2022, gold exports from Switzerland soared to 1.7K tons, growing by 16% against the previous year's figure. The total export volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, gold exports surged to $100.3B in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 +61.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Gold in Switzerland (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.9 | 1.6 | 15.8 | 27.4 | 51.4% |
India | 16.1 | 10.0 | 29.2 | 13.0 | -6.9% |
Turkey | 1.6 | 4.4 | 0.6 | 10.6 | 87.8% |
United States | 1.0 | 29.2 | 8.8 | 9.5 | 111.8% |
Germany | 2.6 | 5.0 | 5.7 | 6.4 | 35.0% |
Thailand | 1.0 | 1.2 | 3.2 | 5.3 | 74.4% |
Singapore | 1.2 | 1.5 | 2.0 | 4.0 | 49.4% |
France | 4.3 | 3.3 | 2.0 | 3.3 | -8.4% |
United Kingdom | 17.8 | 7.8 | 4.6 | 3.3 | -43.0% |
Saudi Arabia | 0.1 | 0.1 | 0.4 | 2.8 | 203.7% |
Austria | 0.5 | 1.5 | 2.0 | 2.8 | 77.6% |
Italy | 1.4 | 1.2 | 2.4 | 2.7 | 24.5% |
United Arab Emirates | 0.9 | 0.6 | 2.2 | 2.7 | 44.2% |
Others | 5.3 | 4.2 | 7.8 | 6.5 | 7.0% |
Total | 61.9 | 71.7 | 86.7 | 100 | 17.3% |
Top Export Markets for Gold from Switzerland in 2022:
- China (478.2 tons)
- India (224.8 tons)
- Turkey (188.6 tons)
- United States (159.4 tons)
- Germany (109.7 tons)
- Thailand (91.9 tons)
- Singapore (70.6 tons)
- France (58.4 tons)
- United Kingdom (54.9 tons)
- Italy (50.4 tons)
- Saudi Arabia (48.2 tons)
- United Arab Emirates (47.6 tons)
- Austria (47.6 tons)
This report provides an in-depth analysis of the gold market in Switzerland. 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:
- Switzerland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Switzerland
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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