U.S. - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGold Price in the United States - 2023
Contents:
- Gold Price in the United States (FOB) - 2023
- Gold Price in the United States (CIF) - 2023
- Gold Exports in the United States
- Gold Imports in the United States
Gold Price in the United States (FOB) - 2023
In July 2023, the average gold export price amounted to $63.6M per ton, which is down by -3.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in April 2023 an increase of 5.5% m-o-m. The export price peaked at $65.6M per ton in June 2023, and then declined in the following month.
Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to Canada ($67.3M per ton) and Australia ($67.2M per ton), while the average price for exports to Hong Kong SAR ($57.5M per ton) and the United Arab Emirates ($57.5M per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Price in the United States (CIF) - 2023
In July 2023, the average gold import price amounted to $62.0M per ton, picking up by 1.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in April 2023 an increase of 8.7% month-to-month. As a result, import price attained the peak level of $63,147 per kg; afterwards, it flattened through to July 2023.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Mexico ($64.3M per ton) and Switzerland ($63.4M per ton), while the price for Nicaragua ($53.1M per ton) and Colombia ($62.0M per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Argentina (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Exports in the United States
In 2022, the amount of gold exported from the United States skyrocketed to 650 tons, jumping by 34% on the previous year's figure. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, gold exports surged to $37.2B in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 35%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Gold in the United States (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 2.6 | 6.0 | 10.1 | 20.3 | 98.4% |
United Kingdom | 10.8 | 10.8 | 8.6 | 7.2 | -12.6% |
Singapore | N/A | 0.1 | 1.4 | 2.4 | 389.9% |
India | 1.5 | 0.5 | 1.3 | 1.8 | 6.3% |
Canada | 0.7 | 1.4 | 0.9 | 1.7 | 34.4% |
Hong Kong SAR | N/A | 0.2 | 2.7 | 1.1 | 134.5% |
Australia | 0.2 | 0.5 | 0.9 | 1.0 | 71.0% |
Others | 1.3 | 1.0 | 2.0 | 1.7 | 9.4% |
Total | 17.2 | 20.5 | 27.8 | 37.2 | 29.3% |
Top Export Markets for Gold from the United States in 2022:
- Switzerland (355.9 tons)
- United Kingdom (123.9 tons)
- Singapore (42.5 tons)
- India (31.7 tons)
- Canada (29.7 tons)
- Hong Kong SAR (20.4 tons)
- Australia (16.4 tons)
Gold Imports in the United States
In 2022, supplies from abroad of gold decreased by -29% to 176 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 191%. As a result, imports reached the peak of 636 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, gold imports fell markedly to $9.6B in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 258% against the previous year. As a result, imports attained the peak of $34.7B. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Gold in the United States (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 2.9 | 3.0 | 2.5 | 2.2 | -8.8% |
Canada | 2.5 | 3.4 | 2.6 | 2.0 | -7.2% |
Colombia | 0.5 | 1.4 | 1.6 | 1.3 | 37.5% |
Switzerland | 1.2 | 15.4 | 3.5 | 1.1 | -2.9% |
Argentina | 0.2 | 0.4 | 0.7 | 0.7 | 51.8% |
Nicaragua | 0.5 | 0.6 | 0.7 | 0.7 | 11.9% |
South Africa | 0.1 | 1.5 | 0.7 | 0.5 | 71.0% |
Others | 1.7 | 9.0 | 1.6 | 1.1 | -13.5% |
Total | 9.7 | 34.7 | 13.9 | 9.6 | -0.3% |
Top Suppliers of Gold to the United States in 2022:
- Mexico (42.6 tons)
- Canada (35.7 tons)
- Colombia (22.4 tons)
- Switzerland (18.7 tons)
- Nicaragua (14.9 tons)
- Argentina (13.0 tons)
- South Africa (8.1 tons)
This report provides an in-depth analysis of the gold market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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