Gold Compounds Price in Israel - 2023

Gold Compounds Price in Israel (CIF) - 2022

In 2022, the average gold compounds import price amounted to $31,063,492 per ton, rising by 25% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($34,250,000 per ton) and Italy ($32,171,875 per ton), while the price for the United States ($27,000,000 per ton) and Switzerland ($31,773,585 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Gold Compounds Price in Israel (FOB) - 2022

The average gold compounds export price stood at $667,000 per ton in 2022, dropping by -66.6% against the previous year. Overall, the export price saw a significant decrease. The pace of growth was the most pronounced in 2017 an increase of 450%. Over the period under review, the average export prices attained the maximum at $30,355,750 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($839,000 per ton), while the average price for exports to Sweden amounted to $581,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Compounds Imports in Israel

In 2022, imports of gold compoundses into Israel totaled 126 kg, flattening at 2021 figures. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, gold compounds imports soared to $3.9M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Gold Compounds in Israel (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	1,397	813	1,350	2,059	13.8%
Switzerland	1.5	388	3.1	1,684	939.3%
Germany	519	268	141	137	-35.9%
United States	92.1	31.5	15.6	27.0	-33.6%
Others	728	1,278	1,597	7.0	-78.7%
Total	2,738	2,778	3,107	3,914	12.6%

Top Suppliers of Gold Compounds to Israel in 2022:

Italy (64.0 kg)
Switzerland (53.0 kg)
Germany (4.0 kg)
United States (1.0 kg)

Gold Compounds Exports in Israel

Gold compounds exports from Israel soared to 3 kg in 2022, picking up by 200% on the previous year's figure. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gold compounds exports totaled $2K in 2022. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.