Report Update Apr 1, 2024

Mexico - Gold, in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Mexico

The Mexican semi-manufactured gold market contracted slightly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Semi-Manufactured Gold Production in Mexico

In value terms, semi-manufactured gold production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 19%. Semi-manufactured gold production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Semi-Manufactured Gold Exports

Exports from Mexico

In 2022, shipments abroad of gold, in semi-manufactured forms increased by 23% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by 43% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, semi-manufactured gold exports surged to $X in 2022. Over the period under review, exports continue to indicate a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for semi-manufactured gold exports from Mexico, with a 90% share of total exports. Moreover, semi-manufactured gold exports to the United States exceeded the volume sent to the second major destination, Switzerland (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -8.1%.

In value terms, the United States ($X) remains the key foreign market for gold, in semi-manufactured forms exports from Mexico, comprising 87% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, remaining relatively unchanged against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 62%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per kg), while the average price for exports to the United States totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.7%).

Semi-Manufactured Gold Imports

Imports into Mexico

In 2022, overseas purchases of gold, in semi-manufactured forms were finally on the rise to reach X tons after nine years of decline. In general, imports, however, continue to indicate a deep downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, semi-manufactured gold imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main semi-manufactured gold supplier to Mexico, with a 100% share of total imports. It was followed by Singapore (X kg), with a 0.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -9.5%.

In value terms, the United States ($X) constituted the largest supplier of gold, in semi-manufactured forms to Mexico, comprising 72% of total imports. The second position in the ranking was held by Singapore ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -6.2%.

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per kg, dropping by -87% against the previous year. In general, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 139% against the previous year. Over the period under review, average import prices reached the peak figure at $X per kg in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per kg), while the price for the United States stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+49.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gold, in semi-manufactured forms in the world?

The UK remains the largest semi-manufactured gold consuming country worldwide, accounting for 27% of total volume. Moreover, semi-manufactured gold consumption in the UK exceeded the figures recorded by the second-largest consumer, Mexico, threefold. South Africa ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of gold, in semi-manufactured forms in the world?

The country with the largest volume of semi-manufactured gold production was the UK, accounting for 32% of total volume. Moreover, semi-manufactured gold production in the UK exceeded the figures recorded by the second-largest producer, Mexico, fourfold. Australia ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of gold, in semi-manufactured forms to Mexico?

In value terms, the United States constituted the largest supplier of gold, in semi-manufactured forms to Mexico, comprising 72% of total imports. The second position in the ranking was held by Singapore, with a 28% share of total imports.

What are the leading importers of gold, in semi-manufactured forms from Mexico?

In value terms, the United States remains the key foreign market for gold, in semi-manufactured forms exports from Mexico, comprising 87% of total exports. The second position in the ranking was taken by Switzerland, with a 13% share of total exports.

What is the average export price for gold, in semi-manufactured forms in Mexico?

The average semi-manufactured gold export price stood at $11,850 per kg in 2022, approximately mirroring the previous year.

What is the average import price for gold, in semi-manufactured forms in Mexico?

In 2022, the average semi-manufactured gold import price amounted to $3,652 per kg, with a decrease of -87% against the previous year.

This report provides an in-depth analysis of the semi-manufactured gold market in Mexico. 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 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023