World - Gold - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 1, 2024

World - Gold - Market Analysis, Forecast, Size, Trends and Insights

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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.


Get FREE access to the latest REPORT on the Gold Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Gold - World's Largest Markets

RatingCountry
1India
2China
3United Arab Emirates
4United States
5Turkey

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

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per kg
Argentina5641608557911.3%
Peru1707118473177281.9%
South Africa4170543264435382.2%
Singapore4222253066478716.5%
United Arab Emirates4386354054494766.2%
Thailand4471254860507916.6%
Canada44015552175499911.8%
Australia44424565835702013.3%
Hong Kong SAR43803568815738214.5%
Russia46442578885746011.2%
Switzerland44158559005764214.3%
United Kingdom43881568025768114.7%
United States40277767245799620.0%
Average38505499384818811.9%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($57,996 per kg), while Argentina ($5,791 per kg) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per kg
United Kingdom46328585485806312.0%
Germany42543545695749416.3%
United States44311544855587412.3%
Hong Kong SAR33372527525574229.2%
India32023382235271728.3%
Singapore4378656000524579.5%
Switzerland28966486025138733.2%
United Arab Emirates4494454112506876.2%
Turkey38837502284704910.1%
Italy30691409234114715.8%
China418704227439599-2.7%
Canada19009306442621917.4%
Belgium38098410921356-81.1%
Average36251484824583112.4%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the UK ($58,063 per kg), while Belgium ($1,356 per kg) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland, while the other global leaders experienced more modest paces of growth.

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Gold - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
Switzerland61739223.3%
India27175643.3%
United Kingdom718854-12.8%
China433840-2.9%
Hong Kong SAR14192943.3%

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

COUNTRY201920202021CAGR,
2019-2021
billion USD
Switzerland62728718.3%
United Kingdom23214539.4%
Hong Kong SAR25413110.6%
United States19232821.1%
United Arab Emirates18272212.0%

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

This report provides an in-depth analysis of the global gold market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
  • Prodcom 24412035 -
  • Prodcom 24412040 -
  • Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
  • Prodcom 24412070 - Monetary gold (including gold plated with platinum)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Newmont Goldcorp, Barrick Gold, Franco-Nevada, Polyus Gold, Agnico Eagle Mines Limited, Newcrest Mining, Gold Fields, Kinross Gold, AngloGold Ashanti, Yamana Gold, Eldorado Gold, Goldcorp, Harmony Gold, China National Gold Group Corporation, Shandong Gold Group, Shanghai Construction Group, Sino Gold Mining, Lingbao Gold, Zhaojin Mining, Zijin Mining

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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