Gold Compounds Price in Turkey - 2023

Contents:

  1. Gold Compounds Price in Turkey (CIF) - 2022
  2. Gold Compounds Price in Turkey (FOB) - 2022
  3. Gold Compounds Imports in Turkey
  4. Gold Compounds Exports in Turkey

Gold Compounds Price in Turkey (CIF) - 2022

The average gold compounds import price stood at $525,099 per ton in 2022, dropping by -34.9% against the previous year. Over the period under review, the import price showed a slight curtailment. The growth pace was the most rapid in 2018 an increase of 135%. Over the period under review, average import prices reached the maximum at $1,636,832 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($7,462,833 per ton), while the price for China ($52,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+54.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Gold Compounds Price in Turkey (FOB) - 2022

The average gold compounds export price stood at $190,083 per ton in 2022, with an increase of 62% against the previous year. In general, the export price, however, recorded a sharp descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices reached the peak figure at $11,577,579 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($10,590,000 per ton), while the average price for exports to Iran ($84,098 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.0%).

Gold Compounds Imports in Turkey

In 2022, imports of gold compoundses into Turkey totaled 1.9 tons, standing approx. at the year before. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 91%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, gold compounds imports reduced notably to $995K in 2022. Overall, imports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year.

Import of Gold Compounds in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy10194.914241860.6%
Czech Republic1861572552246.4%
United States99.924.62291319.5%
Germany2,033923738130-60.0%
Switzerland29.134.236.449.019.0%
United Kingdom46.23.110411.3-37.5%
Others61.415.418.531.4-20.0%
Total2,5571,2531,523995-27.0%

Top Suppliers of Gold Compounds to Turkey in 2022:

  1. Italy (1037.0 kg)
  2. Switzerland (399.0 kg)
  3. United States (230.0 kg)
  4. Germany (144.0 kg)
  5. Czech Republic (30.0 kg)
  6. United Kingdom (27.0 kg)

Gold Compounds Exports in Turkey

In 2022, the amount of gold compoundses exported from Turkey soared to 937 kg, with an increase of 232% on 2021. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gold compounds exports skyrocketed to $178K in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Gold Compounds in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/AN/AN/A75.00%
Iran28.027.125.925.7-2.8%
United StatesN/AN/AN/A7.60%
Others6.836.47.369.8117.3%
Total34.863.533.117872.3%

Top Export Markets for Gold Compounds from Turkey in 2022:

  1. Russia (564.0 kg)
  2. Iran (306.0 kg)
  3. United States (39.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Gold compounds - Turkey