Gold Compounds Price in Sri Lanka - 2021

Gold Compounds Price in Sri Lanka (CIF) - 2022

In 2022, the average gold compounds import price amounted to $77,429 per ton, picking up by 39% against the previous year. In general, the import price, however, recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 1,584% against the previous year. As a result, import price reached the peak level of $2,628 per kg. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($225,000 per ton), while the price for Germany ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+38.7%), while the prices for the other major suppliers experienced a decline.

Gold Compounds Price in Sri Lanka (FOB) - 2022

The average gold compounds export price stood at $53,000 per ton in 2022, waning by -1.9% against the previous year. Overall, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 104% against the previous year. Over the period under review, the average export prices attained the maximum at $74,000 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -3.3% per year.

Gold Compounds Imports in Sri Lanka

In 2022, imports of gold compoundses into Sri Lanka declined to 7 kg, with a decrease of -12.5% compared with 2021 figures. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 33%.

In value terms, gold compounds imports surged to $542 in 2022. Overall, imports faced a dramatic descent.

Import of Gold Compounds in Sri Lanka (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	3,744	278	191	225	-60.8%
Hong Kong SAR	2,233	167	125	137	-60.6%
United Kingdom	1,570	130	100	132	-56.2%
Australia	694	N/A	N/A	35.0	-63.1%
Italy	230	14.0	8.0	8.0	-67.4%
India	7.0	9.0	2.0	3.0	-24.6%
Germany	915	33.0	2.0	2.0	-87.0%
Thailand	N/A	N/A	2.0	N/A	0%
Singapore	423	N/A	N/A	N/A	0%
Others	3,420	4.0	16.0	N/A	-93.2%
Total	13,236	635	446	542	-65.5%

Top Suppliers of Gold Compounds to Sri Lanka in 2022:

Australia (1.0 kg)
Italy (1.0 kg)
India (1.0 kg)
United Kingdom (1.0 kg)
Germany (1.0 kg)
Japan (1.0 kg)
Hong Kong SAR (1.0 kg)

Gold Compounds Exports in Sri Lanka

In 2022, gold compounds exports from Sri Lanka was estimated at 1 kg, flattening at the year before. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, gold compounds exports reduced slightly to $53 in 2022. The total export value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 4%.