Gold Market in Mexico
Market Overview
The Mexican gold market surged to $
in , jumping 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 resilient expansion. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
In value terms, gold production reduced to $ in estimated in export price. Overall, production showed resilient growth. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain momentum.
in , jumping 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 resilient expansion. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.In value terms, gold production reduced to $
in estimated in export price. Overall, production showed resilient growth. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain momentum.Consumption
In , consumption of gold increased by % to tons, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed notable growth. Gold consumption peaked at tons in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.
The revenue of the gold market in Mexico rose sharply to $ in , growing 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 enjoyed a resilient increase. Gold consumption peaked at $ in 2018; afterwards, it flattened through to .
, consumption of gold increased by % to tons, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed notable growth. Gold consumption peaked at tons in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.The revenue of the gold market in Mexico rose sharply to $
in , growing 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 enjoyed a resilient increase. Gold consumption peaked at $ in 2018; afterwards, it flattened through to .Market Forecast
Driven by increasing demand for gold in Mexico, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Mexico 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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