Gold Compounds Price in Sweden - 2023

Contents:

1. Gold Compounds Price in Sweden (CIF) - 2022
2. Gold Compounds Price in Sweden (FOB) - 2023
3. Gold Compounds Imports in Sweden
4. Gold Compounds Exports in Sweden

Gold Compounds Price in Sweden (CIF) - 2022

In 2022, the average gold compounds import price amounted to $35,460,185 per ton, growing by 7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 112%. Over the period under review, average import prices reached the maximum at $38,796,783 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Switzerland ($39,083,198 per ton), while the price for the United States ($1,483,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Gold Compounds Price in Sweden (FOB) - 2023

The average gold compounds export price stood at $39.7M per ton in July 2023, shrinking by -15.5% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 36% month-to-month. The export price peaked at $46.9M per ton in June 2023, and then shrank rapidly in the following month.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Finland ($44.7M per ton), while the average price for exports to Estonia ($28.1M per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+1.3%), while the prices for the other major destinations experienced a decline.

Gold Compounds Imports in Sweden

In 2022, overseas purchases of gold compoundses decreased by -27.1% to 124 kg, falling for the second consecutive year after two years of growth. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports reached the peak of 266 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gold compounds imports fell markedly to $4.4M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.1% 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 +48.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41%.

Top Suppliers of Gold Compounds to Sweden in 2022:

1. Switzerland (111.0 kg)
2. United Kingdom (6.0 kg)
3. United States (2.0 kg)

Gold Compounds Exports in Sweden

For the fourth consecutive year, Sweden recorded growth in overseas shipments of gold compoundses, which increased by 1% to 104 kg in 2022. The total export volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, gold compounds exports amounted to $4.2M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 53% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Gold Compounds from Sweden in 2022:

1. Finland (63.0 kg)
2. Poland (37.0 kg)

Source: IndexBox Market Intelligence Platform