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

Contents:

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

Price for Metals; Gold, Non-Monetary, Powder in Turkey (CIF) - 2022

The average metals; gold, non-monetary, powder import price stood at $32,992,332 per ton in 2022, with a decrease of -43.6% against the previous year. In general, the import price, however, posted strong growth. The pace of growth was the most pronounced in 2020 an increase of 81%. As a result, import price reached the peak level of $76,295 per kg. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($70,929,253 per ton), while the price for the United States ($8,152,201 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2021, the average metals; gold, non-monetary, powder export price amounted to $5,006,549 per ton, jumping by 46% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2013 an increase of 89% against the previous year. Over the period under review, the average export prices attained the maximum at $10,478,000 per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +1,654.3% per year.

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

Metals; gold, non-monetary, powder imports into Turkey amounted to 71 kg in 2022, surging by 2.9% on 2021 figures. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 165% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metals; gold, non-monetary, powder imports reduced markedly to $2.3M in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 197%.

Import of Metals; Gold, Non-Monetary, Powder in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2371,3072,0471,34178.2%
Netherlands27756897570336.4%
United States12227.836423925.1%
Italy34.059.687.654.016.7%
United Arab EmiratesN/AN/A547N/A0%
Others1.031.93.12.128.1%
Total6711,9944,0232,33851.6%

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

  1. United States (29.0 kg)
  2. Netherlands (21.0 kg)
  3. Germany (19.0 kg)
  4. Italy (2.0 kg)

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

In 2021, approx. 3 kg of metals; gold, non-monetary, powder were exported from Turkey; falling by -40% compared with 2020 figures. Overall, exports faced a precipitous contraction. The smallest decline of -28.6% was in 2020.

In value terms, metals; gold, non-monetary, powder exports fell to $14K in 2021. In general, exports saw a deep setback. The smallest decline of -12.7% was in 2020.

Export of Metals; Gold, Non-Monetary, Powder in Turkey (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
GermanyN/AN/A13.90%
Thailand0.27.2N/A3500.0%
Belgium0.7N/AN/A0%
Azerbaijan17.8N/AN/A0%
PolandN/A9.1N/A0%
OthersN/AN/AN/A0%
Total18.716.313.9-13.8%

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

  1. Germany (3.0 kg)

Source: IndexBox Market Intelligence Platform

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