Gold Compounds Price in South Africa - 2023

Contents:

1. Gold Compounds Price in South Africa (CIF) - 2022
2. Gold Compounds Price in South Africa (FOB) - 2022
3. Gold Compounds Imports in South Africa
4. Gold Compounds Exports in South Africa

Gold Compounds Price in South Africa (CIF) - 2022

In 2022, the average gold compounds import price amounted to $328,892 per ton, reducing by -33.7% against the previous year. In general, the import price, however, posted a temperate increase. The growth pace was the most rapid in 2019 when the average import price increased by 242% against the previous year. Over the period under review, average import prices reached the peak figure at $496,388 per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,110,242 per ton), while the price for Germany ($86,619 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+32.0%), while the prices for the other major suppliers experienced a decline.

Gold Compounds Price in South Africa (FOB) - 2022

In 2022, the average gold compounds export price amounted to $243,418 per ton, growing by 396% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 776% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,308,600 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($731,674 per ton), while the average price for exports to Uganda ($32,179 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (-1.2%), while the prices for the other major destinations experienced a decline.

Gold Compounds Imports in South Africa

In 2022, the amount of gold compoundses imported into South Africa surged to 361 kg, with an increase of 25% against the year before. The total import volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gold compounds imports plummeted to $119K in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of $143K, and then contracted sharply in the following year.

Top Suppliers of Gold Compounds to South Africa in 2022:

1. Germany (160.0 kg)
2. United States (138.0 kg)
3. Italy (62.0 kg)

Gold Compounds Exports in South Africa

In 2022, the amount of gold compoundses exported from South Africa soared to 502 kg, rising by 216% on the previous year's figure. Over the period under review, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gold compounds exports surged to $122K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Gold Compounds from South Africa in 2022:

1. Uganda (235.0 kg)
2. United States (132.0 kg)
3. Australia (90.0 kg)
4. Democratic Republic of the Congo (41.0 kg)

Source: IndexBox Market Intelligence Platform