Netherlands: Gold Market Overview 2020

Gold Market Size in the Netherlands

The revenue of the gold market in the Netherlands amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, gold consumption, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2012 when the market value increased by X% year-to-year. Over the period under review, the gold market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Gold Production in the Netherlands

In value terms, gold production stood at $X in 2018 estimated in export prices. Overall, gold production, however, continues to indicate a remarkable expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, gold production reached its maximum level at $X in 2017, and then declined slightly in the following year.

Gold Exports

Exports from the Netherlands

Gold exports from the Netherlands stood at X tonnes in 2018, falling by -X% against the previous year. Over the period under review, gold exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, gold exports reached their peak figure at X tonnes in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, gold exports stood at $X in 2018. In general, gold exports, however, continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (X tonnes) was the main destination for gold exports from the Netherlands, accounting for a X% share of total exports. Moreover, gold exports to Germany exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold. The third position in this ranking was occupied by Belgium (X kg), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Belgium (+X% per year).

In value terms, Germany ($X) remains the key foreign market for gold exports from the Netherlands, comprising X% of total gold exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Italy (+X% per year).

Export Prices by Country

The average gold export price stood at $X per tonne in 2018, surging by X% against the previous year. In general, the export price indicated a strong increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, gold export price decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Italy ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Gold Imports

Imports into the Netherlands

Gold imports into the Netherlands amounted to X tonnes in 2018, increasing by X% against the previous year. In general, the total imports indicated measured growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, gold imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, gold imports attained their peak figure at X tonnes in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, gold imports amounted to $X in 2018. Overall, gold imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. In that year, gold imports attained their peak of $X. From 2013 to 2018, the growth of gold imports remained at a lower figure.

Imports by Country

In 2018, Germany (X tonnes) was the main gold supplier to the Netherlands, with a X% share of total imports. It was followed by Estonia (X kg), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+X% per year) and the UK (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the average gold import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, gold import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% year-to-year. In that year, the average import prices for gold including gold plated with platinum attained their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average import prices for gold including gold plated with platinum remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the country with the highest price was Estonia ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform