Global Gold Industry

Global Gold Industry

  • July 2020 •
  • 770 pages •
  • Report ID: 5798685 •
  • Format: PDF
Global Gold Market to Reach 5.2 Thousand Tonnes by 2027

Amid the COVID-19 crisis, the global market for Gold estimated at 4.4 Thousand Tonnes in the year 2020, is projected to reach a revised size of 5.2 Thousand Tonnes by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027. Central Banks & Other Investments, one of the segments analyzed in the report, is projected to record a 2.8% CAGR and reach 642.8 Tonnes by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the ETFs & Similar Products segment is readjusted to a revised 1.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at 1.2 Thousand Tonnes, While China is Forecast to Grow at 4.9% CAGR

The Gold market in the U.S. is estimated at 1.2 Thousand Tonnes in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 1 Thousand Tonnes by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Total Bars & Coin Demand Segment to Record 2.4% CAGR

In the global Total Bars & Coin Demand segment, USA, Canada, Japan, China and Europe will drive the 2.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of 818.8 Tonnes in the year 2020 will reach a projected size of 944 Tonnes by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 713.8 Tonnes by the year 2027, while Latin America will expand at a 3.1% CAGR through the analysis period. We bring years of research experience to this 17th edition of our report. The 770-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Furukawa Co., Ltd.
  • Johnson Matthey PLC
  • Tertiary Minerals PLC
  • Vedanta Resources PLC