China - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGold Price in China - 2023
Contents:
- Gold Price in China (CIF) - 2023
- Gold Price in China (FOB) - 2023
- Gold Imports in China
- Gold Exports in China
Gold Price in China (CIF) - 2023
The average gold import price stood at $62.7M per ton in June 2023, declining by -2.1% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6.1% against the previous month. Over the period under review, average import prices reached the maximum at $64.0M per ton in May 2023, and then fell modestly in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Japan ($63.7M per ton) and Australia ($63.2M per ton), while the price for South Africa ($60.0M per ton) and Canada ($62.5M per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Price in China (FOB) - 2023
In June 2023, the average gold export price amounted to $64.6M per ton, almost unchanged from the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 5.8% against the previous month. Over the period under review, the average export prices attained the peak figure at $64.9M per ton in May 2023, and then declined in the following month.
Average prices varied noticeably for the major foreign markets. In June 2023, the countries with the highest prices were the UK ($75.5M per ton) and Australia ($69.7M per ton), while the average price for exports to South Korea ($63.3M per ton) and Vietnam ($64.4M per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Imports in China
Gold imports into China soared to 1.3K tons in 2022, increasing by 70% on the previous year's figure. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 272%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, gold imports skyrocketed to $75.2B in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 299%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Gold in China (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 15.3 | 4.4 | 20.9 | 34.1 | 30.6% |
| Canada | 4.5 | N/A | 1.6 | 14.7 | 48.4% |
| South Africa | 6.1 | 1.1 | 4.9 | 8.9 | 13.4% |
| Australia | 7.5 | 1.1 | 8.7 | 8.3 | 3.4% |
| Hong Kong SAR | 2.8 | 1.3 | 3.4 | 3.1 | 3.5% |
| Japan | 0.3 | 0.3 | 1.1 | 1.8 | 81.7% |
| Singapore | 4.9 | 2.2 | 2.0 | 1.4 | -34.1% |
| Germany | 0.6 | 0.3 | 0.7 | 1.0 | 18.6% |
| Others | 1.2 | 0.5 | 1.3 | 2.0 | 18.6% |
| Total | 43.4 | 11.2 | 44.7 | 75.2 | 20.1% |
Top Suppliers of Gold to China in 2022:
- Switzerland (595.0 tons)
- Canada (261.7 tons)
- South Africa (158.9 tons)
- Australia (143.3 tons)
- Hong Kong SAR (54.1 tons)
- Japan (29.9 tons)
- Singapore (24.8 tons)
- Germany (17.2 tons)
Gold Exports in China
In 2022, exports of gold from China amounted to 55 tons, increasing by 3.4% against 2021 figures. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 191%. As a result, the exports reached the peak of 63 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, gold exports expanded modestly to $3.3B in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 261% against the previous year. As a result, the exports reached the peak of $3.5B. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Gold in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 738 | 3,029 | 2,966 | 3,021 | 60.0% |
| Switzerland | N/A | 201 | N/A | 125 | -21.1% |
| South Korea | 31.0 | 60.9 | 84.9 | 41.9 | 10.6% |
| United Arab Emirates | 176 | N/A | N/A | N/A | 0% |
| Others | 36.8 | 254 | 95.4 | 93.0 | 36.2% |
| Total | 982 | 3,545 | 3,146 | 3,281 | 49.5% |
Top Export Markets for Gold from China in 2022:
- Hong Kong SAR (51.1 tons)
- Switzerland (2.0 tons)
- South Korea (0.7 tons)
This report provides an in-depth analysis of the gold market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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