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Eastern Asia - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEastern Asia: Gold Market 2024
Gold Market Size in Eastern Asia
In 2021, the East Asian gold market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a significant expansion. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.
Gold Production in Eastern Asia
In value terms, gold production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a prominent increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 156% against the previous year. The level of production peaked at $X in 2020, and then contracted markedly in the following year.
Gold Exports
Exports in Eastern Asia
In 2021, the amount of gold exported in Eastern Asia declined significantly to X tons, falling by -22.2% on 2020 figures. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 50% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, gold exports fell dramatically to $X in 2021. Over the period under review, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 66% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Hong Kong SAR represented the largest exporter of gold in Eastern Asia, with the volume of exports resulting at X tons, which was approx. 68% of total exports in 2021. Japan (X tons) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by China (6.8%). The following exporters - Taiwan (Chinese) (X tons) and South Korea (X tons) - each amounted to a 3.6% share of total exports.
Exports from Hong Kong SAR decreased at an average annual rate of -5.9% from 2012 to 2021. At the same time, Japan (+2.6%) and China (+1.4%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +2.6% from 2012-2021. By contrast, Taiwan (Chinese) (-4.6%) and South Korea (-15.4%) illustrated a downward trend over the same period. While the share of Japan (+9.6 p.p.) and China (+6.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-3.5 p.p.) and Hong Kong SAR (-12.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Hong Kong SAR ($X) remains the largest gold supplier in Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Japan ($X), with an 18% share of total exports. It was followed by China, with a 7.3% share.
From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR totaled -5.2%. In the other countries, the average annual rates were as follows: Japan (+2.2% per year) and China (+9.1% per year).
Export Prices by Country
The export price in Eastern Asia stood at $X per kg in 2021, waning by -2.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per kg, and then reduced modestly in the following year.
Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in China ($X per kg) and Hong Kong SAR ($X per kg), while Japan ($X per kg) and South Korea ($X per kg) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the other leaders experienced more modest paces of growth.
Gold Imports
Imports in Eastern Asia
In 2021, purchases abroad of gold was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports saw a perceptible increase. The most prominent rate of growth was recorded in 2013 when imports increased by 125% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.
In value terms, gold imports skyrocketed to $X in 2021. Over the period under review, imports posted a moderate expansion. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.
Imports by Country
China (X tons) and Hong Kong SAR (X tons) prevails in imports structure, together constituting 93% of total imports. The following importers - South Korea (X tons) and Taiwan (Chinese) (X tons) - each reached a 6.1% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +5.6%), while imports for the other leaders experienced a decline in the imports figures.
In value terms, the largest gold importing markets in Eastern Asia were China ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined 97% share of total imports.
South Korea, with a CAGR of +6.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.
Import Prices by Country
The import price in Eastern Asia stood at $X per kg in 2021, increasing by 6.2% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold import price increased by +53.7% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 24%. The level of import peaked in 2021 and is likely to see steady growth in years to come.
Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per kg) and China ($X per kg), while South Korea ($X per kg) and Hong Kong SAR ($X per kg) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the gold market in Eastern Asia. 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:
- China
- Democratic People's Republic of Korea
- Hong Kong SAR
- Japan
- Macao SAR
- South Korea
- Taiwan (Chinese)
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Eastern Asia, split by region and country
- Trade (exports and imports) in Eastern Asia
- 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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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