Price for Metals; Gold, Non-Monetary, Powder in Canada - 2023

Contents:

1. Price for Metals; Gold, Non-Monetary, Powder in Canada (FOB) - 2022
2. Price for Metals; Gold, Non-Monetary, Powder in Canada (CIF) - 2023
3. Exports of Metals; Gold, Non-Monetary, Powder in Canada
4. Imports of Metals; Gold, Non-Monetary, Powder in Canada

Price for Metals; Gold, Non-Monetary, Powder in Canada (FOB) - 2022

The average metals; gold, non-monetary, powder export price stood at $9,450,536 per ton in 2022, growing by 56% against the previous year. Overall, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2016 an increase of 948%. The export price peaked at $18,935,108 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10,435,838 per ton), while the average price for exports to Germany ($3,953,179 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 (+45.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Metals; Gold, Non-Monetary, Powder in Canada (CIF) - 2023

In June 2023, the average metals; gold, non-monetary, powder import price amounted to $63.3M per ton, with an increase of 513% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 543% m-o-m. As a result, import price reached the peak level of $65,184 per kg; afterwards, it flattened through to June 2023.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From June 2022 to June 2023, the rate of growth in terms of prices for Japan amounted to +0.6% per month.

Exports of Metals; Gold, Non-Monetary, Powder in Canada

For the third year in a row, Canada recorded growth in overseas shipments of metals; gold, non-monetary, powder, which increased by 64% to 74 kg in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 200%. 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, metals; gold, non-monetary, powder exports skyrocketed to $701K in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 365% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Metals; Gold, Non-Monetary, Powder from Canada in 2022:

1. Japan (25.0 kg)
2. United States (23.0 kg)
3. Hong Kong SAR (10.0 kg)
4. Switzerland (9.0 kg)
5. United Kingdom (3.0 kg)
6. Germany (2.0 kg)

Imports of Metals; Gold, Non-Monetary, Powder in Canada

For the fourth consecutive year, Canada recorded growth in overseas purchases of metals; gold, non-monetary, powder, which increased by 50,587% to 20 tons in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metals; gold, non-monetary, powder imports surged to $87M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Metals; Gold, Non-Monetary, Powder to Canada in 2022:

1. Germany (8.5 tons)
2. United States (7.6 tons)
3. Japan (2.3 tons)
4. Italy (0.6 tons)
5. United Kingdom (0.5 tons)
6. China (0.4 tons)

Source: IndexBox Market Intelligence Platform