EU: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in the EU

The EU semi-manufactured gold market dropped modestly to $X in 2022, shrinking by -3.2% against the previous year. In general, consumption, however, recorded a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Semi-Manufactured Gold Production in the EU

In value terms, semi-manufactured gold production expanded modestly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 59% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Semi-Manufactured Gold Exports

Exports in the EU

In 2022, overseas shipments of gold, in semi-manufactured forms increased by 53% to X tons, rising for the fourth year in a row after two years of decline. In general, exports, however, showed a perceptible setback. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, semi-manufactured gold exports surged to $X in 2022. Overall, exports recorded a pronounced expansion. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons), distantly followed by Spain (X tons), Italy (X tons), Germany (X tons) and Austria (X tons) represented the main exporters of gold, in semi-manufactured forms, together constituting 88% of total exports. France (X tons) and Luxembourg (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +45.1%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Austria ($X) constituted the countries with the highest levels of exports in 2022, with a combined 65% share of total exports. Italy, Belgium, France and Luxembourg lagged somewhat behind, together comprising a further 26%.

Among the main exporting countries, Belgium, with a CAGR of +22.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per kg in 2022, declining by -20.9% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 an increase of 36%. Over the period under review, the export prices reached the peak figure at $X per kg in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per kg), while Belgium ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+31.3%), while the other leaders experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports in the EU

In 2022, supplies from abroad of gold, in semi-manufactured forms increased by 29% to X tons, rising for the third consecutive year after two years of decline. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, semi-manufactured gold imports surged to $X in 2022. Total imports indicated a moderate increase 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, imports increased by +91.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of gold, in semi-manufactured forms, namely Italy, Spain and Germany, represented more than half of total import. It was distantly followed by France (X tons), Slovakia (X tons) and Austria (X tons), together committing a 23% share of total imports. The following importers - Belgium (X tons) and Poland (X tons) - together made up 6.5% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-manufactured gold importing markets in the European Union were Germany ($X), Italy ($X) and Austria ($X), with a combined 65% share of total imports. France, Belgium, Poland, Slovakia and Spain lagged somewhat behind, together comprising a further 22%.

Among the main importing countries, Slovakia, with a CAGR of +21.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per kg in 2022, surging by 2.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 20%. Over the period under review, import prices reached the maximum at $X per kg in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per kg), while Spain ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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