Pakistan - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGold Price in Pakistan - 2023
Contents:
- Gold Price in Pakistan (CIF) - 2023
- Gold Price in Pakistan (FOB) - 2022
- Gold Imports in Pakistan
- Gold Exports in Pakistan
Gold Price in Pakistan (CIF) - 2023
The average gold import price stood at $64.6M per ton in February 2023, growing by 8.1% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 40% against the previous month. The import price peaked at $69.6M per ton in May 2022; afterwards, it flattened through to February 2023.
Average prices varied noticeably amongst the major supplying countries. In February 2023, the countries with the highest prices were the United Arab Emirates ($69.8M per ton) and the UK ($63.5M per ton), while the price for the United States ($58.9M per ton) and Canada ($60.1M per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by the UK (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Gold Price in Pakistan (FOB) - 2022
In 2022, the average gold export price amounted to $57,970,808 per ton, with a decrease of -3.5% against the previous year. In general, the export price, however, enjoyed pronounced growth. The growth pace was the most rapid in 2016 an increase of 43% against the previous year. Over the period under review, the average export prices attained the peak figure at $60,052,177 per ton in 2021, and then shrank modestly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.4% per year.
Gold Imports in Pakistan
Gold imports into Pakistan skyrocketed to 450 kg in 2022, growing by 79% compared with the previous year. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 96%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, gold imports soared to $26M in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 119% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Gold in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.4 | 2.2 | 7.5 | 13.8 | 59.5% |
| United Kingdom | 0.9 | 1.2 | 2.7 | 6.8 | 96.2% |
| United Arab Emirates | 1.4 | 1.8 | 2.5 | 4.3 | 45.4% |
| Qatar | 0.1 | 0.3 | 0.3 | 0.7 | 91.3% |
| Canada | 1.2 | 1.2 | 1.6 | 0.4 | -30.7% |
| Ghana | 6.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Total | 13.9 | 6.8 | 14.8 | 26.2 | 23.5% |
Top Suppliers of Gold to Pakistan in 2022:
- United States (223.0 kg)
- United Kingdom (110.0 kg)
- United Arab Emirates (82.0 kg)
- Qatar (16.0 kg)
- Canada (9.0 kg)
Gold Exports in Pakistan
In 2022, exports of gold from Pakistan stood at 2.1 tons, picking up by 4% against 2021 figures. The total export volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 24% against the previous year. As a result, the exports reached the peak of 2.2 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, gold exports totaled $121M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 62%. As a result, the exports attained the peak of $122M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Gold in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 73.7 | 120 | 118 | 118 | 17.0% |
| Others | 1.2 | 1.4 | 2.3 | 3.6 | 44.2% |
| Total | 74.9 | 122 | 121 | 121 | 17.3% |
Top Export Markets for Gold from Pakistan in 2022:
- United Arab Emirates (2.1 tons)
This report provides an in-depth analysis of the gold market in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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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