Gold Compounds Price in Singapore - 2022
Contents:
- Gold Compounds Price in Singapore (CIF) - 2022
- Gold Compounds Price in Singapore (FOB) - 2022
- Gold Compounds Imports in Singapore
- Gold Compounds Exports in Singapore
Gold Compounds Price in Singapore (CIF) - 2022
In September 2022, the average gold compounds import price amounted to $41.1M per ton, picking up by 45% against the previous month. In general, the import price continues to indicate a resilient increase. The growth pace was the most rapid in January 2022 when the average import price increased by 91% against the previous month. The import price peaked at $56.9M per ton in May 2022; however, from June 2022 to September 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($54.1M per ton), while the price for the United States ($20.4M per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Compounds Price in Singapore (FOB) - 2022
In September 2022, the average gold compounds export price amounted to $53.1M per ton, increasing by 27% against the previous month. Overall, export price indicated a strong expansion from September 2021 to September 2022: its price increased at an average monthly rate of +5.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, gold compounds export price decreased by -4.2% against July 2022 indices. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 99% month-to-month. As a result, the export price reached the peak level of $55,423 per kg; afterwards, it flattened through to September 2022.
Prices varied noticeably by the country of destination: the country with the highest price was India ($58.4M per ton), while the average price for exports to Austria ($27.7M per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Compounds Imports in Singapore
In 2022, the amount of gold compoundses imported into Singapore declined dramatically to 10 tons, dropping by -25.9% compared with 2021. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of 14 tons, and then declined rapidly in the following year.
In value terms, gold compounds imports contracted sharply to $193M in 2022. In general, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of $266M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Gold Compounds in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 54.8 | 84.5 | 86.3 | 98.0 | 21.4% |
| Hong Kong SAR | 52.3 | 63.5 | 57.7 | 49.9 | -1.6% |
| United States | 25.1 | 38.5 | 50.7 | 40.0 | 16.8% |
| Japan | 0.7 | 2.5 | 3.5 | 5.5 | 98.8% |
| Indonesia | 35.9 | 23.5 | 32.7 | N/A | -4.6% |
| United Arab Emirates | 37.5 | 53.5 | 27.2 | N/A | -14.8% |
| Others | 0.2 | 0.3 | 0.3 | N/A | 22.5% |
| Total | 206 | 266 | 258 | 193 | -2.1% |
Top Suppliers of Gold Compounds to Singapore in 2022:
- United States (5.9 tons)
- Switzerland (2.5 tons)
- Hong Kong SAR (1.2 tons)
- Japan (0.4 tons)
Gold Compounds Exports in Singapore
In 2022, exports of gold compoundses from Singapore dropped dramatically to 2.7 tons, declining by -51% compared with 2021 figures. In general, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports attained the peak of 5.5 tons, and then dropped significantly in the following year.
In value terms, gold compounds exports dropped significantly to $78M in 2022. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 58% against the previous year. As a result, the exports attained the peak of $177M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Gold Compounds in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 24.1 | 27.3 | 30.7 | 50.1 | 27.6% |
| Vietnam | 7.6 | 7.3 | 13.0 | 15.6 | 27.1% |
| India | 41.7 | 90.1 | 48.2 | 8.6 | -40.9% |
| Austria | 0.5 | 0.8 | 0.5 | 2.1 | 61.3% |
| Indonesia | 36.4 | 50.0 | 27.7 | 0.1 | -86.0% |
| Others | 1.2 | 1.1 | 1.7 | 1.3 | 2.7% |
| Total | 112 | 177 | 122 | 77.9 | -11.4% |
Top Export Markets for Gold Compounds from Singapore in 2022:
- Malaysia (1442.0 kg)
- India (722.0 kg)
- Vietnam (378.0 kg)
- Austria (64.0 kg)
- Indonesia (3.0 kg)
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