Gold Compounds Price in Norway - 2023

Gold Compounds Price in Norway (CIF) - 2022

In 2022, the average gold compounds import price amounted to $328,299 per ton, which is down by -52.2% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 an increase of 63% against the previous year. As a result, import price reached the peak level of $974,219 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($469,221 per ton), while the price for Germany ($110,868 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the prices for the other major suppliers experienced a decline.

Gold Compounds Price in Norway (FOB) - 2022

The average gold compounds export price stood at $780,000 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price enjoyed noticeable growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 93% against the previous year. As a result, the export price reached the peak level of $1,351,000 per ton. From 2016 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 Denmark.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +3.8% per year.

Gold Compounds Imports in Norway

For the fourth year in a row, Norway recorded growth in supplies from abroad of gold compoundses, which increased by 176% to 1.6 tons in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gold compounds imports surged to $535K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Gold Compounds in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	111	133	182	345	45.9%
Germany	3.6	1.7	13.5	81.7	183.1%
United States	9.1	3.4	4.2	15.3	18.9%
Others	178	184	206	92.4	-19.6%
Total	302	321	406	535	21.0%

Top Suppliers of Gold Compounds to Norway in 2022:

Germany (737.0 kg)
Denmark (736.0 kg)
United States (118.0 kg)

Gold Compounds Exports in Norway

Gold compounds exports from Norway skyrocketed to 4 kg in 2022, rising by 33% on 2021. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year.

In value terms, gold compounds exports surged to $3.1K in 2022. In general, exports showed a notable increase. The pace of growth appeared the most rapid in 2021 with an increase of 119% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.