Argentina: Gold Market 2022

Gold Market Size in Argentina

In 2021, the Argentinian gold market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption saw a slight reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Gold Production in Argentina

In value terms, gold production reduced to $X in 2021 estimated in export price. In general, production saw a deep setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Gold Exports

Exports from Argentina

In 2021, shipments abroad of gold decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, gold exports shrank notably to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons) was the main destination for gold exports from Argentina, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland amounted to +X%.

In value terms, Switzerland ($X) also remains the key foreign market for gold exports from Argentina.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland totaled +X%.

Export Prices by Country

In 2021, the average gold export price amounted to $X per kg, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per kg in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to -X% per year.

Gold Imports

Imports into Argentina

In 2021, overseas purchases of gold decreased by -X% to X kg, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X kg. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, gold imports contracted dramatically to $X in 2021. Overall, imports faced a sharp contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X kg) constituted the largest supplier of gold to Argentina, accounting for a X% share of total imports. Moreover, gold imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Italy (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) was relatively modest.

In value terms, the largest gold suppliers to Argentina were Italy ($X) and Taiwan (Chinese) ($X (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, which is down by -X% against the previous year. In general, the import price continues to indicate a precipitous setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per kg in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per kg), while the price for Taiwan (Chinese) totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-X%).

Source: IndexBox Market Intelligence Platform

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