Gold Market in Switzerland
Market Overview
The Swiss gold market soared to $
in , with an increase of % 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 significant increase. Gold consumption peaked in and is likely to see steady growth in the immediate term.
in , with an increase of % 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 significant increase. Gold consumption peaked in and is likely to see steady growth in the immediate term.Consumption
In , consumption of gold decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a significant expansion. Gold consumption peaked at tons in , and then shrank modestly in the following year.
The size of the gold market in Switzerland declined modestly to $ in , almost unchanged from 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). Over the period under review, consumption, however, continues to indicate a significant expansion. Gold consumption peaked at $ in , and then dropped in the following year.
, consumption of gold decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a significant expansion. Gold consumption peaked at tons in , and then shrank modestly in the following year.The size of the gold market in Switzerland declined modestly to $
in , almost unchanged from 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). Over the period under review, consumption, however, continues to indicate a significant expansion. Gold consumption peaked at $ in , and then dropped in the following year.Market Forecast
The gold market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 eight-year 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
Gold market in Switzerland consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Switzerland relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Switzerland remains a net importer of gold; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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