Semi-Manufactured Gold Market in Saudi Arabia
Market Overview
The Saudi semi-manufactured gold market expanded modestly to $
in , picking up 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). Over the period under review, the total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Semi-manufactured gold consumption peaked at $ in ; however, from to , consumption remained at a lower figure.
In value terms, semi-manufactured gold production amounted to $ in estimated in export price. In general, the total production indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The growth pace was the most rapid in 2010 with an increase of %. Over the period under review, production attained the maximum level at $ in ; however, from to , production stood at a somewhat lower figure.
in , picking up 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). Over the period under review, the total consumption indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Semi-manufactured gold consumption peaked at $ in ; however, from to , consumption remained at a lower figure.In value terms, semi-manufactured gold production amounted to $
in estimated in export price. In general, the total production indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The growth pace was the most rapid in 2010 with an increase of %. Over the period under review, production attained the maximum level at $ in ; however, from to , production stood at a somewhat lower figure.Consumption
Semi-manufactured gold consumption in Saudi Arabia stood at tons in , almost unchanged from the previous year's figure. Overall, the total consumption indicated a modest increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption stood at a somewhat lower figure.
The size of the semi-manufactured gold market in Saudi Arabia expanded slightly to $ 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). Over the period under review, the total consumption indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market reached the peak level at $ in ; however, from to , consumption remained at a lower figure.
tons in , almost unchanged from the previous year's figure. Overall, the total consumption indicated a modest increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption stood at a somewhat lower figure.The size of the semi-manufactured gold market in Saudi Arabia expanded slightly to $
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). Over the period under review, the total consumption indicated a notable increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market reached the peak level at $ in ; however, from to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for gold, in semi-manufactured forms in Saudi Arabia, the market is expected to continue an upward consumption trend over the next eight years. 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 .Market Structure
Over the period under review, the share of imports in terms of total semi-manufactured gold consumption in Saudi Arabia was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Saudi Arabia semi-manufactured gold market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the Saudi Arabia semi-manufactured gold market is largely supplied by domestic manufacturers.Trade Balance
Saudi Arabia remains a net exporter of semi-manufactured gold; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of kg, which was equal to $.
. In , there was a significant trade surplus of kg, which was equal to $.
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