Gold Market in Japan
Market Overview
In 
, the Japanese gold market decreased by -% to $, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.
In value terms, gold production shrank slightly to $ in estimated in export price. Over the period under review, production, however, posted a strong increase. The pace of growth was the most pronounced in 2010 with an increase of %. Over the period under review, production reached the maximum level at $ in 2011; however, from 2012 to , production remained at a lower figure.
, the Japanese gold market decreased by -% to $, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt setback. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.In value terms, gold production shrank slightly to $
in estimated in export price. Over the period under review, production, however, posted a strong increase. The pace of growth was the most pronounced in 2010 with an increase of %. Over the period under review, production reached the maximum level 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 third year in a row after two years of growth. Over the period under review, consumption continues to indicate a deep contraction. Gold consumption peaked at tons in 2014; however, from 2015 to , consumption remained at a lower figure.
The size of the gold market in Japan totaled $ in , surging 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). Overall, consumption continues to indicate a abrupt contraction. Gold consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.
, consumption of gold decreased by -% to tons, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a deep contraction. Gold consumption peaked at tons in 2014; however, from 2015 to , consumption remained at a lower figure.The size of the gold market in Japan totaled $
in , surging 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). Overall, consumption continues to indicate a abrupt contraction. Gold consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for gold in Japan, 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 .Trade Balance
Japan 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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