Indonesia - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGold Price in Indonesia - 2022
Contents:
- Gold Price in Indonesia (CIF) - 2022
- Gold Price in Indonesia (FOB) - 2022
- Gold Imports in Indonesia
- Gold Exports in Indonesia
Gold Price in Indonesia (CIF) - 2022
In 2022, the average gold import price amounted to $59,541,496 per ton, increasing by 4.1% against the previous year. Overall, the import price saw significant growth. The growth pace was the most rapid in 2015 when the average import price increased by 97% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($61,305,768 per ton) and Australia ($61,203,164 per ton), while the price for South Korea ($57,263,658 per ton) and the United States ($57,460,902 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+34.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Price in Indonesia (FOB) - 2022
In March 2022, the average gold export price amounted to $62.6M per ton, surging by 4.9% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in May 2021 an increase of 5.8% against the previous month. Over the period under review, the average export prices hit record highs in March 2022.
Average prices varied noticeably for the major foreign markets. In March 2022, the country with the highest price was Hong Kong SAR ($62.8M per ton), while the average price for exports to Switzerland ($62.0M per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Imports in Indonesia
In 2022, imports of gold into Indonesia declined to 41 tons, which is down by -11.9% on the year before. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 47 tons, and then declined in the following year.
In value terms, gold imports contracted to $2.5B in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $2.7B, and then dropped in the following year.
| Import of Gold in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 856 | 937 | 1,217 | 1,107 | 8.9% |
| Australia | 60.0 | 204 | 490 | 445 | 95.0% |
| Singapore | 386 | 391 | 437 | 397 | 0.9% |
| Japan | 182 | 162 | 209 | 190 | 1.4% |
| Switzerland | 63.8 | 9.0 | 121 | 110 | 19.9% |
| South Korea | 89.0 | 103 | 83.5 | 82.7 | -2.4% |
| United Arab Emirates | 11.4 | 27.3 | 51.3 | 46.7 | 60.0% |
| China | 49.4 | 14.2 | 35.0 | 31.8 | -13.7% |
| Others | 52.0 | 47.7 | 39.7 | 48.0 | -2.6% |
| Total | 1,751 | 1,896 | 2,682 | 2,458 | 12.0% |
Top Suppliers of Gold to Indonesia in 2022:
- Hong Kong SAR (18.1 tons)
- Australia (7.3 tons)
- Singapore (6.7 tons)
- Japan (3.2 tons)
- Switzerland (1.8 tons)
- South Korea (1.4 tons)
- United Arab Emirates (0.8 tons)
- China (0.6 tons)
Gold Exports in Indonesia
In 2022, overseas shipments of gold decreased by -40.6% to 16 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, the exports attained the peak of 101 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, gold exports dropped notably to $948M in 2022. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, the exports attained the peak of $5.5B. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Gold in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2,532 | 2,765 | 996 | 560 | -39.5% |
| Switzerland | 366 | 1,897 | 212 | 220 | -15.6% |
| Hong Kong SAR | 454 | 554 | 167 | 105 | -38.6% |
| Australia | 111 | 302 | 68.3 | 42.8 | -27.2% |
| Thailand | 50.0 | 24.1 | 75.2 | 20.4 | -25.8% |
| Others | 39.1 | N/A | 0.7 | N/A | -86.6% |
| Total | 3,552 | 5,542 | 1,520 | 948 | -35.6% |
Top Export Markets for Gold from Indonesia in 2022:
- Singapore (9.4 tons)
- Switzerland (3.5 tons)
- Hong Kong SAR (1.8 tons)
- Australia (0.7 tons)
- Thailand (0.3 tons)
This report provides an in-depth analysis of the gold market in Indonesia. 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:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- 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.
-
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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