Gold Compounds Price in Pakistan - 2023
Contents:
Gold Compounds Price in Pakistan (CIF) - 2022
In 2022, the average gold compounds import price amounted to $4,003,686 per ton, increasing by 35% against the previous year. In general, the import price recorded a notable increase. The pace of growth was the most pronounced in 2018 an increase of 1,007% against the previous year. The import price peaked at $7,208,847 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 the United Arab Emirates ($15,971,000 per ton), while the price for Belgium ($97,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+575.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Compounds Imports in Pakistan
Gold compounds imports into Pakistan fell sharply to 51 kg in 2022, waning by -62.8% against 2021 figures. Over the period under review, imports showed a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 2,183% against the previous year. As a result, imports reached the peak of 137 kg, and then plummeted in the following year.
In value terms, gold compounds imports plummeted to $204K in 2022. In general, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 16,830% against the previous year.
| Import of Gold Compounds in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.2 | N/A | 118 | 91.3 | 323.7% |
| United Arab Emirates | 24.7 | 0.3 | 34.3 | 16.0 | -13.5% |
| Switzerland | N/A | N/A | N/A | 5.6 | 0% |
| Belgium | 0.2 | N/A | 0.2 | 0.1 | -20.6% |
| Others | 399 | 2.1 | 254 | 91.3 | -38.8% |
| Total | 425 | 2.4 | 406 | 204 | -21.7% |
Top Suppliers of Gold Compounds to Pakistan in 2022:
- Germany (24.0 kg)
- Switzerland (1.0 kg)
- United Arab Emirates (1.0 kg)
- Belgium (1.0 kg)
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