Peru: Gold Market 2022

Gold Market Size in Peru

In 2021, after three years of decline, there was significant growth in the Peruvian gold market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Gold consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Gold Production in Peru

In value terms, gold production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Gold Exports

Exports from Peru

In 2021, shipments abroad of gold increased by X% to X tons, rising for the sixth year in a row after three years of decline. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, gold exports rose to $X in 2021. In general, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons), the United States (X tons) and Canada (X tons) were the main destinations of gold exports from Peru, together comprising X% of total exports. These countries were followed by India and the United Arab Emirates, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Switzerland ($X) and India ($X) appeared to be the largest markets for gold exported from Peru worldwide, with a combined X% share of total exports. The United States and the United Arab Emirates lagged somewhat behind, together accounting for a further X terms of the main countries of destination, the United Arab Emirates, with a CAGR of +X%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average gold export price amounted to $X per kg, reducing by -X% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per kg in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per kg), while the average price for exports to the United States ($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 India (+X%), while the prices for the other major destinations experienced a decline.

Gold Imports

Imports into Peru

In 2021, imports of gold into Peru reduced notably to X tons, with a decrease of -X% against the year before. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, gold imports fell notably to $X in 2021. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2021, the United States (X kg) was the main supplier of gold to Peru, with a X% share of total imports. Moreover, gold imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +X%.

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, remaining relatively unchanged against the previous year. Overall, the import price, however, posted notable growth. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The import price peaked at $X per kg in 2020, and then shrank in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per kg), while the price for Canada totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Market Intelligence Platform

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