Report Update Apr 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sudan: Gold Market 2024

Gold Market Size in Sudan

The Sudanese gold market dropped markedly to $X in 2021, with a decrease of -32.4% against the previous year. Over the period under review, consumption, however, continues to indicate a significant increase. Gold consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Gold Production in Sudan

In value terms, gold production reduced to $X in 2021 estimated in export price. In general, production recorded a buoyant increase. The growth pace was the most rapid in 2015 when the production volume increased by 104% against the previous year. Gold production peaked at $X in 2020, and then dropped in the following year.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Gold Exports

Exports from Sudan

In 2021, overseas shipments of gold increased by 50% to X tons, rising for the third consecutive year after two years of decline. In general, exports posted a slight expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 244% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, gold exports soared to $X in 2021. Overall, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 161%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

India (X tons) was the main destination for gold exports from Sudan, accounting for a 74% share of total exports. Moreover, gold exports to India exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +28.1%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for gold exports from Sudan, comprising 98% of total exports. The second position in the ranking was taken by India ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +3.6%.

Export Prices by Country

The average gold export price stood at $X per kg in 2021, picking up by 4.3% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% 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 export price increased by +170.3% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of 81% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per kg), while the average price for exports to India stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.2%).

Gold Imports

Imports into Sudan

Gold imports into Sudan skyrocketed to X kg in 2021, jumping by 191% on the previous year. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 263%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, gold imports soared to $X in 2021. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 3,607% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United Arab Emirates (X kg) was the main gold supplier to Sudan, accounting for a 97% share of total imports. It was followed by France (X kg), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled +32.3%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gold to Sudan, comprising 100% of total imports. The second position in the ranking was held by France ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +59.9%.

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, surging by 9.2% against the previous year. In general, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2016 an increase of 69%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per kg), while the price for France totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gold in the world?

The countries with the highest volumes of consumption in 2021 were the UK, China and India, together comprising 38% of global consumption. Switzerland, the United Arab Emirates, the United States, Belgium, Hong Kong SAR, Thailand, Argentina, Germany, Peru and Canada lagged somewhat behind, together comprising a further 38%.

What are the largest producers of gold in the world?

The country with the largest volume of gold production was the UK, accounting for 15% of total volume. Moreover, gold production in the UK exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was held by the United Arab Emirates, with a 7.5% share.

What are the leading suppliers of gold to Sudan?

In value terms, the United Arab Emirates constituted the largest supplier of gold to Sudan, comprising 100% of total imports. The second position in the ranking was held by France, with a 0.1% share of total imports.

What are the leading importers of gold from Sudan?

In value terms, the United Arab Emirates remains the key foreign market for gold exports from Sudan, comprising 98% of total exports. The second position in the ranking was held by India, with a 0.1% share of total exports.

What is the average export price for gold in Sudan?

The average gold export price stood at $55,615 per kg in 2021, increasing by 4.3% against the previous year.

What is the average import price for gold in Sudan?

In 2021, the average gold import price amounted to $52,408 per kg, increasing by 9.2% against the previous year.

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

Sudan

Data coverage:

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