Gold Compounds Price in Argentina - 2023

Gold Compounds Price in Argentina (CIF) - 2022

In 2022, the average gold compounds import price amounted to $15,946,000 per ton, increasing by 184% against the previous year. Overall, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 379% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Brazil ($25,529,000 per ton), while the price for Canada ($65,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+329.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Gold Compounds Price in Argentina (FOB) - 2022

In 2022, the average gold compounds export price amounted to $21,806,000 per ton, remaining stable against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gold compounds export price decreased by -2.0% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 99% against the previous year. As a result, the export price attained the peak level of $22,248 per kg. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +2.7% per year.

Gold Compounds Imports in Argentina

After three years of growth, overseas purchases of gold compoundses decreased by -76.7% to 7 kg in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 286%.

In value terms, gold compounds imports contracted rapidly to $112K in 2022. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 1,633% against the previous year.

Import of Gold Compounds in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	N/A	27.7	143	102	91.9%
United States	0.4	1.2	4.0	9.4	186.4%
Canada	0.2	0.5	0.3	0.1	-20.6%
Belgium	N/A	N/A	N/A	N/A	0%
Germany	0.4	0.6	1.8	N/A	112.1%
Others	0.7	1.6	19.2	N/A	423.7%
Total	1.8	31.7	168	112	296.3%

Top Suppliers of Gold Compounds to Argentina in 2022:

Brazil (4.0 kg)
United States (2.0 kg)
Canada (1.0 kg)

Gold Compounds Exports in Argentina

In 2022, approx. 1 kg of gold compoundses were exported from Argentina; remaining stable against the year before. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, gold compounds exports amounted to $22K in 2022. Over the period under review, exports saw a relatively flat trend pattern.