Report Update: Apr 1, 2024

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

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Gold Price in Ireland - 2023

Gold Price in Ireland (CIF) - 2022

The average gold import price stood at $2,765,763 per ton in 2022, dropping by -30.2% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of 323%. Over the period under review, average import prices hit record highs at $31,888,353 per ton in 2018; however, from 2019 to 2022, 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 Switzerland ($5,028,280 per ton), while the price for France ($89,326 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-14.7%), while the prices for the other major suppliers experienced a decline.

Gold Price in Ireland (FOB) - 2022

The average gold export price stood at $7,923,200 per ton in 2022, dropping by -12.4% against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2019 when the average export price increased by 386%. Over the period under review, the average export prices hit record highs at $51,532,609 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($37,001,493 per ton), while the average price for exports to Turkey ($301,796 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-9.4%), while the prices for the other major destinations experienced a decline.

Gold Imports in Ireland

In 2022, imports of gold into Ireland soared to 11 tons, jumping by 19% compared with 2021 figures. Overall, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 190% against the previous year. As a result, imports reached the peak of 47 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gold imports reduced dramatically to $30M in 2022. Over the period under review, imports, however, saw a significant curtailment. The smallest decline of -16.4% was in 2021.

Import of Gold in Ireland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	71.9	28.3	16.9	15.3	-40.3%
Switzerland	1.2	7.0	7.4	6.8	78.3%
Germany	2.3	6.1	6.5	3.7	17.2%
United Kingdom	1.3	1.4	4.0	3.4	37.8%
Italy	N/A	N/A	N/A	0.6	0%
France	N/A	N/A	N/A	N/A	0%
Others	1.4	1.0	1.8	0.5	-29.1%
Total	78.1	43.8	36.6	30.4	-27.0%

Top Suppliers of Gold to Ireland in 2022:

United States (3.4 tons)
United Kingdom (2.7 tons)
Germany (2.0 tons)
Switzerland (1.3 tons)
Italy (0.7 tons)
France (0.2 tons)

Gold Exports in Ireland

For the fourth year in a row, Ireland recorded growth in overseas shipments of gold, which increased by 35% to 2.4 tons in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 211% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, gold exports soared to $19M in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 92% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Export of Gold in Ireland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	1.2	10.5	10.1	190.1%
Germany	5.9	4.3	2.9	4.3	-10.0%
Switzerland	0.8	2.8	1.4	3.6	65.1%
United Kingdom	N/A	N/A	0.6	0.7	16.7%
Turkey	N/A	N/A	N/A	N/A	0%
Others	0.1	N/A	0.6	N/A	144.9%
Total	6.8	8.3	15.9	18.7	40.1%

Top Export Markets for Gold from Ireland in 2022:

United States (956.0 kg)
Switzerland (634.0 kg)
United Kingdom (576.0 kg)
Germany (116.0 kg)
Turkey (39.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the gold market in Ireland. 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:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023