Portugal - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGold Price in Portugal - 2023
Contents:
- Gold Price in Portugal (FOB) - 2023
- Gold Price in Portugal (CIF) - 2022
- Gold Exports in Portugal
- Gold Imports in Portugal
Gold Price in Portugal (FOB) - 2023
The average gold export price stood at $61.9M per ton in June 2023, shrinking by -3.3% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 5.6% month-to-month. Over the period under review, the average export prices reached the maximum at $64.0M per ton in May 2023, and then dropped in the following month.
Average prices varied noticeably for the major export markets. In June 2023, the highest price was recorded for prices to Italy ($64.9M per ton) and France ($63.1M per ton), while the average price for exports to Spain ($57.6M per ton) and Germany ($59.4M per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Gold Price in Portugal (CIF) - 2022
The average gold import price stood at $54,089,205 per ton in 2022, increasing by 11% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gold import price increased by +50.6% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 27%. The import price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($62,219,410 per ton) and Germany ($62,125,927 per ton), while the price for France ($46,487,095 per ton) and Paraguay ($51,690,110 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gabon (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Exports in Portugal
In 2022, shipments abroad of gold was finally on the rise to reach 2.8 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt curtailment.
In value terms, gold exports skyrocketed to $165M in 2022. In general, exports, however, showed a deep slump.
| Export of Gold in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 84.2 | 96.7 | 63.8 | 102 | 6.6% |
| Germany | 36.6 | 25.9 | 24.8 | 39.3 | 2.4% |
| Spain | 55.4 | 54.8 | 23.9 | 16.2 | -33.6% |
| France | 7.8 | 8.2 | 14.0 | 5.3 | -12.1% |
| Belgium | 17.2 | 0.5 | 2.1 | 1.9 | -52.0% |
| Switzerland | N/A | 35.6 | 2.5 | N/A | -93.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 201 | 222 | 131 | 165 | -6.4% |
Top Export Markets for Gold from Portugal in 2022:
- Italy (1645.0 kg)
- Germany (697.0 kg)
- Spain (286.0 kg)
- France (121.0 kg)
- Belgium (31.0 kg)
Gold Imports in Portugal
In 2022, approx. 1.5 tons of gold were imported into Portugal; picking up by 32% against the previous year's figure. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, gold imports surged to $83M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.4% 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 +83.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Gold in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 20.1 | 18.3 | 26.8 | 27.7 | 11.3% |
| Germany | 15.0 | 18.1 | 12.7 | 23.4 | 16.0% |
| Spain | 0.5 | 2.0 | 4.3 | 13.3 | 198.5% |
| Gabon | N/A | N/A | N/A | 10.4 | 0% |
| Paraguay | N/A | N/A | 2.6 | 3.2 | 23.1% |
| Austria | 3.2 | 4.8 | 7.7 | 3.1 | -1.1% |
| Belgium | 6.0 | 7.3 | N/A | N/A | 21.7% |
| Others | 0.6 | 0.8 | 2.8 | 2.4 | 58.7% |
| Total | 45.5 | 51.2 | 57.0 | 83.4 | 22.4% |
Top Suppliers of Gold to Portugal in 2022:
- France (595.0 kg)
- Germany (376.0 kg)
- Spain (213.0 kg)
- Gabon (175.0 kg)
- Paraguay (62.0 kg)
- Austria (50.0 kg)
This report provides an in-depth analysis of the gold market in Portugal. 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:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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
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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
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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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