Algeria: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Algeria

The Algerian semi-manufactured gold market totaled $X in 2022, picking up by 2.6% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Semi-manufactured gold consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Semi-Manufactured Gold Production in Algeria

In value terms, semi-manufactured gold production amounted to $X in 2022 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 31% against the previous year. Semi-manufactured gold production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Semi-Manufactured Gold Exports

Exports from Algeria

In 2022, overseas shipments of gold, in semi-manufactured forms decreased by 0% to X kg, falling for the fourth year in a row after three years of growth. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 60%. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured gold exports rose remarkably to $X in 2022. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 99% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) and Switzerland (X kg) were the main destinations of semi-manufactured gold exports from Algeria.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of -4.0%).

In value terms, the largest markets for semi-manufactured gold exported from Algeria were Switzerland ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of -1.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, with an increase of 9.4% against the previous year. Overall, the export price saw a tangible increase. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per kg), while the average price for exports to the United Arab Emirates totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.6%).

Semi-Manufactured Gold Imports

Imports into Algeria

In 2022, overseas purchases of gold, in semi-manufactured forms increased by 133% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a slight expansion. The growth pace was the most rapid in 2019 with an increase of 600% against the previous year. As a result, imports attained the peak of X kg. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, semi-manufactured gold imports soared to $X in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 763% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X kg) constituted the largest supplier of semi-manufactured gold to Algeria, accounting for a 86% share of total imports. Moreover, semi-manufactured gold imports from Spain exceeded the figures recorded by the second-largest supplier, France (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +19.6%.

In value terms, Spain ($X) constituted the largest supplier of gold, in semi-manufactured forms to Algeria, comprising 100% of total imports. The second position in the ranking was held by France ($X), with a 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +169.6%.

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per kg, growing by 93% against the previous year. In general, the import price continues to indicate a significant increase. The growth pace was the most rapid in 2014 when the average import price increased by 294% against the previous year. Over the period under review, average import prices attained the peak figure at $X per kg in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per kg), while the price for France stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+125.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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