Gold Price in Bolivia - 2023

Contents:

1. Gold Price in Bolivia (FOB) - 2023
2. Gold Price in Bolivia (CIF) - 2022
3. Gold Exports in Bolivia
4. Gold Imports in Bolivia

Gold Price in Bolivia (FOB) - 2023

The average gold export price stood at $56.1B per ton in October 2023, remaining constant against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in December 2022 an increase of 28% month-to-month. Over the period under review, the average export prices reached the maximum at $58.6B per ton in May 2023; however, from June 2023 to October 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In October 2023, the country with the highest price was the United States ($60.0B per ton), while the average price for exports to the United Arab Emirates ($54.8B per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Price in Bolivia (CIF) - 2022

In 2022, the average gold import price amounted to $15,599,381 per ton, stabilizing at the previous year. In general, the import price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure at $43,330,534 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($19,924,000 per ton), while the price for Switzerland amounted to $8,792,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-0.6%).

Gold Exports in Bolivia

In 2022, the amount of gold exported from Bolivia soared to 64 tons, growing by 45% compared with the previous year. In general, exports recorded a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 96%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, gold exports skyrocketed to $3B in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 108%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Gold from Bolivia in 2022:

1. India (49.0 tons)
2. United Arab Emirates (10.8 tons)
3. Turkey (1.6 tons)
4. Italy (1.5 tons)
5. Hong Kong SAR (1.2 tons)
6. United States (0.1 tons)

Gold Imports in Bolivia

In 2022, purchases abroad of gold decreased by -30% to 21 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, imports reached the peak of 30 kg, and then fell markedly in the following year.

In value terms, gold imports fell dramatically to $328K in 2022. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 45%.

Top Suppliers of Gold to Bolivia in 2022:

1. United States (16.0 kg)
2. Switzerland (1.0 kg)

Source: IndexBox Market Intelligence Platform