Netherlands: Gold Market 2022

Gold Market Size in the Netherlands

In 2021, after three years of growth, there was significant decline in the Dutch gold market, when its value decreased by -X% to $X. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Gold Production in the Netherlands

In value terms, gold production expanded modestly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Gold production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Gold Exports

Exports from the Netherlands

In 2021, approx. X tons of gold were exported from the Netherlands; dropping by -X% compared with 2020. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, gold exports stood at $X in 2021. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Germany (X tons) and Italy (X tons) were the main destinations of gold exports from the Netherlands, with a combined X% share of total exports. These countries were followed by Spain and Luxembourg, which together accounted for a further X 2012 to 2021, the biggest increases were in Luxembourg (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for gold exported from the Netherlands were Germany ($X), Belgium ($X) and Italy ($X), with a combined X% share of total exports. These countries were followed by Luxembourg and Spain, which together accounted for a further X terms of the main countries of destination, Luxembourg, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average gold export price stood at $X per kg in 2021, growing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per kg in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Luxembourg ($X per kg), while the average price for exports to Spain ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Gold Imports

Imports into the Netherlands

In 2021, imports of gold into the Netherlands shrank notably to X tons, dropping by -X% compared with 2020 figures. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, gold imports reduced modestly to $X in 2021. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of gold to the Netherlands, accounting for a X% share of total imports. Moreover, gold imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X kg), ninefold. Luxembourg (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Luxembourg (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of gold to the Netherlands, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Luxembourg, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Luxembourg (+X% per year).

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, rising by X% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold import price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per kg), while the price for the United States ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :