Southern Asia: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Southern Asia

The South Asian semi-manufactured gold market shrank to $X in 2022, which is down by -10% against the previous year. In general, consumption continues to indicate a pronounced setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Semi-Manufactured Gold Production in Southern Asia

In value terms, semi-manufactured gold production totaled $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +71.2% against 2013 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 17%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in years to come.

Semi-Manufactured Gold Exports

Exports in Southern Asia

For the third consecutive year, Southern Asia recorded decline in shipments abroad of gold, in semi-manufactured forms, which decreased by -8% to X kg in 2022. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2019 when exports increased by 7.2%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, semi-manufactured gold exports fell modestly to $X in 2022. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Pakistan (X kg), together reaching 99% of total export.

Pakistan was also the fastest-growing in terms of the gold, in semi-manufactured forms exports, with a CAGR of -21.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) also remains the largest semi-manufactured gold supplier in Southern Asia.

In Pakistan, semi-manufactured gold exports decreased by an average annual rate of -17.6% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per kg in 2022, with an increase of 6.8% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, semi-manufactured gold export price increased by +61.3% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 14%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Pakistan.

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +5.1% per year.

Semi-Manufactured Gold Imports

Imports in Southern Asia

In 2022, approx. X tons of gold, in semi-manufactured forms were imported in Southern Asia; falling by -32.1% on 2021 figures. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 246% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured gold imports reduced notably to $X in 2022. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 274% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the main importing country with an import of around X tons, which amounted to 55% of total imports. Nepal (X tons) held a 34% share (based on physical terms) of total imports, which put it in second place, followed by Bangladesh (11%).

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +17.8%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest semi-manufactured gold importing markets in Southern Asia were India ($X), Nepal ($X) and Bangladesh ($X), together comprising 100% of total imports.

Bangladesh, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per kg, approximately mirroring the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 94% against the previous year. The level of import peaked at $X per kg in 2021, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per kg), while Nepal ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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