In 2021, China imported 804.7 tons of gold (refers to unwrought gold for non-monetary use, the same below), up 296.8% year-on-year, and the import value was US$46.3 billion, up 324.8% year-on-year. According to the publisher's analysis, in the first three quarters of 2022, China imported 890.8 tons of gold, up 71.6% year-on-year, with an import value of US$51.31 billion, up 71.7% year-on-year.
The publisher analysis shows that the average price of China's gold imports generally shows a gradual increase in 2018-2022. In 2018-2019, the average price of China's gold imports remains in the price range of US$40-45 per gram. In 2020, the average price of China's gold imports rises to US$53.8 per gram, up 21.7% year-on-year. In the first three quarters of 2021-2022, the average price of China's gold imports stabilizes at a price range of US$57.6 per gram.
In 2021, China imported gold from a total of 25 countries and regions. According to the publisher's analysis, China's main sources of gold imports by volume are Switzerland, Australia, South Africa, Hong Kong, China and Singapore. Among them, Switzerland is China's largest source of gold imports. 374.3 tons of gold will be imported from Switzerland in 2021, accounting for 46.5% of the total import volume and US$21.50 billion, accounting for 46.4% of the total import value.
As Chinese residents prefer to buy gold jewelry, while some of them collect gold bars and coins as a means of preserving value. However, there is limited room for growth in China's domestic gold production, so The publisher expects that China will still import a large amount of gold every year from 2023-2032.
Topics covered:
- China's Gold Import Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on China's Gold Import?
- Which Companies are the Major Players in China's Gold Import Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in China's Gold Import
- What are the Key Drivers, Challenges, and Opportunities for China's Gold Import during 2023-2032?
- What is the Expected Revenue of China's Gold Import during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in China's Gold Import Market?
- Which Segment of China's Gold Import is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing China's Gold Import?
Table of Contents
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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