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Chile - Gold - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Gold Market 2022

Gold Market Size in Chile

In 2021, the Chilean gold market increased by X% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Gold Production in Chile

In value terms, gold production reduced to $X in 2021 estimated in export price. Overall, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Gold Exports

Exports from Chile

Gold exports from Chile dropped to X tons in 2021, falling by -X% compared with the year before. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, gold exports rose to $X in 2021. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons) was the main destination for gold exports from Chile, accounting for a X% share of total exports. Moreover, gold exports to Switzerland exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by India (X kg), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and India (-X% per year).

In value terms, Switzerland ($X) remains the key foreign market for gold exports from Chile, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and India (+X% per year).

Export Prices by Country

The average gold export price stood at $X per kg in 2021, picking up by X% against the previous year. In general, export price indicated a slight 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 export price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Spain ($X per kg) and Switzerland ($X per kg), while the average price for exports to the United States ($X per kg) and India ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Imports

Imports into Chile

Gold imports into Chile skyrocketed to X kg in 2021, surging by X% on the year before. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gold imports skyrocketed to $X in 2021. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2021, the average annual growth rate of volume from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the UK (+X% per year).

In value terms, Peru ($X) constituted the largest supplier of gold to Chile, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Peru stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average gold import price stood at $X per kg in 2021, growing by X% against the previous year. Overall, the import price saw a modest expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per kg. From 2020 to 2021, the average import prices failed to regain momentum.

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

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

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for gold in the world?

The country with the largest volume of gold consumption was Rwanda, accounting for 48% of total volume. Moreover, gold consumption in Rwanda exceeded the figures recorded by the second-largest consumer, India, sixfold. The third position in this ranking was held by the United Arab Emirates, with a 6% share.

What are the largest producers of gold in the world?

The countries with the highest volumes of production in 2021 were the United Arab Emirates, the United States and the UK, with a combined 29% share of global production. These countries were followed by Hong Kong SAR, Peru, Russia, Argentina, South Africa, China, Australia, Thailand, Mexico and Japan, which together accounted for a further 39%.

What are the leading suppliers of gold to Chile?

In value terms, Peru constituted the largest supplier of gold to Chile, comprising 83% of total imports. The second position in the ranking was taken by Italy, with a 2.7% share of total imports.

What are the leading importers of gold from Chile?

In value terms, Switzerland remains the key foreign market for gold exports from Chile, comprising 88% of total exports. The second position in the ranking was held by the United States, with a 6.5% share of total exports. It was followed by India, with a 3.2% share.

What is the average export price for gold in Chile?

The average gold export price stood at $56,652 per kg in 2021, increasing by 13% against the previous year.

What is the average import price for gold in Chile?

In 2021, the average gold import price amounted to $2,648 per kg, increasing by 13% against the previous year.

This report provides an in-depth analysis of the gold market in Chile. 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 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)

• Prodcom 24412035 -

• Prodcom 24412040 -

• Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)

• Prodcom 24412070 - Monetary gold (including gold plated with platinum)

Country coverage:

• Chile

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Chile

• 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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance