Price for Metals; Gold, Non-Monetary, Powder in the United States - 2023
Contents:
- Price for Metals; Gold, Non-Monetary, Powder in the United States (FOB) - 2023
- Price for Metals; Gold, Non-Monetary, Powder in the United States (CIF) - 2023
- Exports of Metals; Gold, Non-Monetary, Powder in the United States
- Imports of Metals; Gold, Non-Monetary, Powder in the United States
Price for Metals; Gold, Non-Monetary, Powder in the United States (FOB) - 2023
The average metals; gold, non-monetary, powder export price stood at $62.4M per ton in August 2023, increasing by 3.2% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 4% against the previous month. As a result, the export price attained the peak level of $63,577 per kg; afterwards, it flattened through to August 2023.
Average prices varied somewhat for the major overseas markets. In August 2023, the countries with the highest prices were Japan ($78.0M per ton) and India ($63.0M per ton), while the average price for exports to the UK ($60.0M per ton) and Germany ($60.1M per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metals; Gold, Non-Monetary, Powder in the United States (CIF) - 2023
The average metals; gold, non-monetary, powder import price stood at $27.5M per ton in August 2023, dropping by -31.3% against the previous month. In general, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in December 2022 an increase of 94% month-to-month. The import price peaked at $40.9M per ton in August 2022; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($39.9M per ton), while the price for Japan ($11.3M per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Metals; Gold, Non-Monetary, Powder in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of metals; gold, non-monetary, powder, when their volume decreased by -72.5% to 668 kg. In general, exports, however, saw a strong increase. The growth pace was the most rapid in 2021 when exports increased by 234%. As a result, the exports reached the peak of 2.4 tons, and then dropped dramatically in the following year.
In value terms, metals; gold, non-monetary, powder exports fell significantly to $36M in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 296%. As a result, the exports reached the peak of $107M, and then reduced dramatically in the following year.
| Export of Metals; Gold, Non-Monetary, Powder in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.6 | 11.6 | 19.2 | 16.1 | 42.2% |
| Hong Kong SAR | 0.5 | 0.4 | 57.2 | 6.9 | 139.9% |
| South Korea | 2.7 | 3.4 | 5.2 | 5.1 | 23.6% |
| Mexico | N/A | N/A | N/A | 1.9 | 0% |
| China | 0.2 | 2.9 | 4.2 | 1.2 | 81.7% |
| Japan | 0.6 | 0.6 | 0.9 | 1.2 | 26.0% |
| Taiwan (Chinese) | N/A | 0.4 | 1.0 | 0.9 | 50.0% |
| United Kingdom | 3.4 | 5.6 | 0.4 | 0.7 | -41.0% |
| Turkey | 0.3 | N/A | 0.3 | 0.5 | 18.6% |
| Canada | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Others | 3.5 | 1.8 | 18.0 | 1.5 | -24.6% |
| Total | 17.0 | 26.9 | 107 | 36.3 | 28.8% |
Top Export Markets for Metals; Gold, Non-Monetary, Powder from the United States in 2022:
- India (254.0 kg)
- Hong Kong SAR (111.0 kg)
- South Korea (78.0 kg)
- Turkey (71.0 kg)
- United Kingdom (30.0 kg)
- Mexico (29.0 kg)
- Japan (19.0 kg)
- China (18.0 kg)
- Canada (14.0 kg)
- Taiwan (Chinese) (14.0 kg)
Imports of Metals; Gold, Non-Monetary, Powder in the United States
In 2022, after three years of growth, there was significant decline in overseas purchases of metals; gold, non-monetary, powder, when their volume decreased by -38.1% to 250 kg. Overall, imports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of 404 kg, and then reduced dramatically in the following year.
In value terms, metals; gold, non-monetary, powder imports declined sharply to $9.3M in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 100%. As a result, imports attained the peak of $16M, and then fell markedly in the following year.
| Import of Metals; Gold, Non-Monetary, Powder in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.2 | 5.5 | 5.2 | 5.8 | -2.2% |
| Switzerland | 0.7 | 1.0 | 1.0 | 2.2 | 46.5% |
| Canada | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
| Japan | 0.1 | N/A | N/A | 0.4 | 58.7% |
| United Kingdom | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
| Hong Kong SAR | N/A | N/A | 7.6 | N/A | 0% |
| Others | 0.2 | 0.9 | 1.4 | 0.1 | -20.6% |
| Total | 7.3 | 7.8 | 15.5 | 9.3 | 8.4% |
Top Suppliers of Metals; Gold, Non-Monetary, Powder to the United States in 2022:
- Germany (149.0 kg)
- Switzerland (55.0 kg)
- Japan (20.0 kg)
- Canada (17.0 kg)
- United Kingdom (6.0 kg)
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