Report Update: May 1, 2024

Thailand - Gold, in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights

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Semi-Manufactured Gold Price in Thailand - 2023

Semi-Manufactured Gold Price in Thailand (CIF) - 2022

The average semi-manufactured gold import price stood at $49,156,136 per ton in 2022, growing by 18% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, semi-manufactured gold import price increased by +96.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Malaysia ($62,914,217 per ton), while the price for the United States ($7,573,288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Semi-Manufactured Gold Price in Thailand (FOB) - 2022

In 2022, the average semi-manufactured gold export price amounted to $3,772,763 per ton, declining by -49.1% against the previous year. Overall, the export price recorded a abrupt setback. The growth pace was the most rapid in 2019 an increase of 143%. As a result, the export price reached the peak level of $10,746 per kg. From 2020 to 2022, the average export prices remained 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 South Korea ($38,012,148 per ton), while the average price for exports to Vietnam ($757,733 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 Malaysia (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Semi-Manufactured Gold Imports in Thailand

In 2022, after three years of growth, there was significant decline in purchases abroad of gold, in semi-manufactured forms, when their volume decreased by -15.7% to 5.4 tons. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year.

In value terms, semi-manufactured gold imports shrank modestly to $267M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.8% 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 +71.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 41% against the previous year.

Import of Semi-Manufactured Gold in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	102	132	171	174	19.5%
South Korea	13.4	18.2	28.7	30.2	31.1%
Singapore	24.6	33.9	42.2	24.3	-0.4%
Japan	7.4	5.3	5.4	17.4	33.0%
United Arab Emirates	0.1	4.8	13.5	11.1	380.6%
Germany	3.9	2.4	3.1	4.9	7.9%
United States	1.2	1.0	1.2	2.1	20.5%
Lao People's Democratic Republic	N/A	17.8	N/A	N/A	0%
Others	2.5	3.1	2.6	2.3	-2.7%
Total	155	219	268	267	19.9%

Top Suppliers of Semi-Manufactured Gold to Thailand in 2022:

Malaysia (2773.0 kg)
Singapore (1043.0 kg)
South Korea (562.0 kg)
Japan (371.0 kg)
United States (281.0 kg)
United Arab Emirates (188.0 kg)
Germany (132.0 kg)

Semi-Manufactured Gold Exports in Thailand

In 2022, overseas shipments of gold, in semi-manufactured forms decreased by -55.9% to 957 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 430% against the previous year. As a result, the exports reached the peak of 2.9 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, semi-manufactured gold exports reduced notably to $3.6M in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 252% against the previous year. As a result, the exports attained the peak of $21M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Semi-Manufactured Gold in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	2.1	1.3	3.5	1.4	-12.6%
South Korea	2.1	0.9	1.0	1.0	-21.9%
Japan	0.9	0.5	2.7	0.8	-3.9%
United States	0.1	N/A	N/A	0.2	26.0%
Malaysia	N/A	N/A	N/A	0.1	0%
Germany	0.3	0.3	N/A	0.1	-30.7%
Vietnam	N/A	N/A	N/A	N/A	0%
Cambodia	N/A	N/A	8.9	N/A	0%
India	0.4	11.5	N/A	N/A	2775.0%
Australia	N/A	6.2	N/A	N/A	0%
Israel	N/A	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	5.9	20.9	16.1	3.6	-15.2%

Top Export Markets for Semi-Manufactured Gold from Thailand in 2022:

Hong Kong SAR (579.0 kg)
Japan (183.0 kg)
United States (95.0 kg)
South Korea (27.0 kg)
Malaysia (20.0 kg)
Germany (19.0 kg)
Vietnam (15.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the semi-manufactured gold market in Thailand. 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 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
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