Semi-Manufactured Gold Market in the United States
Market Overview
The U.S. semi-manufactured gold market reduced remarkably to $
in , dropping 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, however, recorded a resilient increase. Semi-manufactured gold consumption peaked at $ in ; however, from to , consumption remained at a lower figure.
In value terms, semi-manufactured gold production reached $ in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by %. As a result, production reached the peak level of $. From 2015 to , production growth remained at a somewhat lower figure.
in , dropping 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, however, recorded a resilient increase. Semi-manufactured gold consumption peaked at $ in ; however, from to , consumption remained at a lower figure.In value terms, semi-manufactured gold production reached $
in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by %. As a result, production reached the peak level of $. From 2015 to , production growth remained at a somewhat lower figure.Consumption
Semi-manufactured gold consumption in the United States dropped significantly to tons in , waning by -% on the year before. Overall, consumption, however, saw a remarkable increase. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption stood at a somewhat lower figure.
The value of the semi-manufactured gold market in the United States declined rapidly to $ in , reducing 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, consumption, however, posted a strong expansion. Semi-manufactured gold consumption peaked at $ in ; however, from to , consumption failed to regain momentum.
tons in , waning by -% on the year before. Overall, consumption, however, saw a remarkable increase. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption stood at a somewhat lower figure.The value of the semi-manufactured gold market in the United States declined rapidly to $
in , reducing 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, consumption, however, posted a strong expansion. Semi-manufactured gold consumption peaked at $ in ; however, from to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for gold, in semi-manufactured forms in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, 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
Semi-manufactured gold market in the United States consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the United States relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
The United States remains a net importer of semi-manufactured gold; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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