Israel: Gold Market 2022

Gold Market Size in Israel

In 2021, the Israeli gold market increased by X% to $X, rising for the fifth year in a row after three years of decline. Overall, consumption recorded a significant increase. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the near future.

Gold Production in Israel

In value terms, gold production declined to $X in 2021 estimated in export price. Over the period under review, the total production 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, production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Gold production peaked at $X in 2020, and then dropped in the following year.

Gold Exports

Exports from Israel

In 2021, overseas shipments of gold decreased by -X% to X kg, falling for the fifth year in a row after two years of growth. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, gold exports shrank rapidly to $X in 2021. In general, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg), Turkey (X kg) and Hong Kong SAR (X kg) were the main destinations of gold exports from Israel, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +X%), while the other leaders experienced a decline.

In value terms, the largest markets for gold exported from Israel were Switzerland ($X), Turkey ($X) and Hong Kong SAR ($X), together accounting for X% of total exports.

Hong Kong SAR, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average gold export price amounted to $X per kg, surging by X% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price 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, gold export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Hong Kong SAR ($X per kg) and Belgium ($X per kg), while the average price for exports to Switzerland ($X per kg) and Turkey ($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 Belgium (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Imports

Imports into Israel

After two years of decline, purchases abroad of gold increased by X% to X tons in 2021. Over the period under review, imports enjoyed 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. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X kg), the United Arab Emirates (X kg) and the United States (X kg) were the main suppliers of gold imports to Israel, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest gold suppliers to Israel, together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Turkey ($X per kg) and the United Arab Emirates ($X per kg), while the price for Germany ($X per kg) and the United States ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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