Gold Market in Argentina
Market Overview
In 
, the Argentinian gold market increased by % to $, rising for the third consecutive year after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
In value terms, gold production shrank to $ in estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of %. Gold production peaked at $ in 2011; however, from 2012 to , production remained at a lower figure.
, the Argentinian gold market increased by % to $, rising for the third consecutive year after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.In value terms, gold production shrank to $
in estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of %. Gold production peaked at $ in 2011; however, from 2012 to , production remained at a lower figure.Consumption
In , consumption of gold decreased by -% to tons, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a noticeable decline. Over the period under review, consumption reached the peak volume at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
The value of the gold market in Argentina fell sharply to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a pronounced downturn. Over the period under review, the market attained the maximum level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
, consumption of gold decreased by -% to tons, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a noticeable decline. Over the period under review, consumption reached the peak volume at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.The value of the gold market in Argentina fell sharply to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a pronounced downturn. Over the period under review, the market attained the maximum level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for gold in Argentina, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of gold in Argentina were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for gold.
Trade Balance
Argentina remains a net exporter of gold; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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