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

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Japan: Gold Market 2022

Gold Market Size in Japan

In 2021, the Japanese gold market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Gold Production in Japan

In value terms, gold production contracted slightly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Gold production peaked at $X in 2020, and then shrank in the following year.

Gold Exports

Exports from Japan

In 2021, overseas shipments of gold increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated tangible growth from 2012 to 2021: its volume 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, exports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, gold exports reduced to $X in 2021. Over the period under review, total exports indicated measured growth 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, exports increased by +X% against 2018 indices. 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 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Singapore (X tons) were the main destinations of gold exports from Japan, together comprising X% of total exports.

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

In value terms, the largest markets for gold exported from Japan were Hong Kong SAR ($X), Singapore ($X) and Taiwan (Chinese) ($X), together accounting for X% of total exports. Switzerland, the UK, Malaysia and South Korea lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average gold export price amounted to $X per kg, falling by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per kg, and then dropped sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the UK ($X per kg), while the average price for exports to Taiwan (Chinese) ($X per kg) was amongst the lowest.

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

Gold Imports

Imports into Japan

In 2021, the amount of gold imported into Japan expanded sharply to X tons, growing by X% compared with the year before. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, gold imports rose markedly to $X in 2021. In general, imports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest gold supplier to Japan, with a X% share of total imports. Moreover, gold imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), threefold. Switzerland (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-X% per year) and Switzerland (-X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of gold to Japan, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-X% per year) and Switzerland (-X% per year).

Import Prices by Country

The average gold import price stood at $X per kg in 2021, rising by X% against the previous year. In general, import price indicated a mild 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 import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per kg), while the price for China ($X per kg) was amongst the lowest.

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

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 taken 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. Hong Kong SAR, Peru, Russia, Argentina, South Africa, China, Australia, Thailand, Mexico and Japan lagged somewhat behind, together comprising a further 39%.

What are the leading suppliers of gold to Japan?

In value terms, Taiwan Chinese) constituted the largest supplier of gold to Japan, comprising 46% of total imports. The second position in the ranking was taken by Malaysia, with a 15% share of total imports. It was followed by Switzerland, with a 12% share.

What are the leading importers of gold from Japan?

In value terms, the largest markets for gold exported from Japan were Hong Kong SAR, Singapore and Taiwan Chinese), together comprising 64% of total exports. Switzerland, the UK, Malaysia and South Korea lagged somewhat behind, together comprising a further 30%.

What is the average export price for gold in Japan?

The average gold export price stood at $46,051 per kg in 2021, shrinking by -16.2% against the previous year.

What is the average import price for gold in Japan?

In 2021, the average gold import price amounted to $56,185 per kg, surging by 2.5% against the previous year.

This report provides an in-depth analysis of the gold market in Japan. 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:

• Japan

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Japan

• 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