Gold Market

Gold market: read the most recent information empowered by an Ai-driven BI platform. Data cover companies, production, market prices, exports, consumption, trade, market size, and imports. Here is a split by region, including the U.K., Russia, China, Latin America, Africa, the U.S., EU, and the Middle East. Market insights and outlook to 2030 are also featured in the snapshots.

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Gold - World's Largest Markets

In value terms, India, China and the United Arab Emirates were the countries with the highest levels of market value in 2021, with a combined 43% share of the global market. These countries were followed by the United States, Turkey, Switzerland, Hong Kong SAR, Germany, Russia, Belgium, Thailand, Canada and Argentina, which together accounted for a further 33%.

In terms of the main consuming countries, Belgium (+926.3% per year) saw the highest rates of growth with regard to market size, over the period under review, while gold market for the other global leaders experienced more modest paces of growth.

Gold Prices

Gold - Top Importers

In value terms, the largest gold importing markets worldwide were Switzerland ($92.1B), India ($55.8B) and the UK ($53.8B), together comprising 52% of global imports. China, Hong Kong SAR, Turkey, the United States, Singapore, the United Arab Emirates, Germany, Italy, Canada and Belgium lagged somewhat behind, together accounting for a further 39%.

Germany (+65.3% per year) saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Gold - Top Exporters

In value terms, Switzerland ($86.6B), the UK ($45.3B) and Hong Kong SAR ($30.8B) appeared to be the countries with the highest levels of exports in 2021, with a combined 38% share of global exports. The United States, the United Arab Emirates, Australia, Russia, South Africa, Canada, Singapore, Thailand, Peru and Argentina lagged somewhat behind, together accounting for a further 35%.

In terms of the main exporting countries, Russia (+73.6% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Gold - Market Forecast

Driven by increasing demand for gold worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Gold - Top Companies

Xingtai Roll Small Cold Roller Co., Ltd., Shijiazhuang Zhengzhong Technology Co., Ltd., Dalian Sunny Titanium Industry Co., Ltd., Jiangxi Copper Company Limited, SORTAG AG Entsorgungscenter Bigenthal, Sortag Zürich AG, Dalian Zhongji Metallurgical Co., Ltd., JOHNSON MATTHEY PLC, MITSUBISHI MATERIALS CORPORATION, Tyco International Management Company, LLC, Zijin Mining Group Co., Ltd., Aurubis AG, Tongling Nonferrous Metals Group Co., Ltd., Shandong Gold Group Co., Ltd., Hangzhou Zhengcai Holding Group Co., Ltd., GMK NORILSKI NIKEL, PAO, COPPER REFINERIES PTY. LTD., Yunnan Copper Co., Ltd., SUMITOMO METAL MINING CO., LTD., Baiyin Nonferrous Group Co., Ltd.

Gold - Product Coverage

• HS 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form

Source: IndexBox Market Intelligence Platform