Gold Price in Jordan - 2022

Gold Price in Jordan (CIF) - 2022

The average gold import price stood at $52.7B per ton in December 2022, declining by -2.3% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 3.1% m-o-m. The import price peaked at $55.6B per ton in July 2022; however, from August 2022 to December 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from the United Arab Emirates ($56.3B per ton) and Turkey ($52.0B per ton), while the price for the United States ($51.9B per ton) and France ($52.0B per ton) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by France (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Gold Price in Jordan (FOB) - 2022

In 2022, the average gold export price amounted to $55,172,908 per ton, falling by -1.9% against the previous year. Overall, the export price, however, continues to indicate a slight increase. The growth pace was the most rapid in 2016 an increase of 305% against the previous year. Over the period under review, the average export prices reached the peak figure at $96,883,200 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($66,627,000 per ton) and Switzerland ($55,473,385 per ton), while the average price for exports to Lebanon ($55,123,944 per ton) and Italy ($55,157,370 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Imports in Jordan

For the fourth consecutive year, Jordan recorded growth in overseas purchases of gold, which increased by 74% to 38 tons in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 775%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gold imports soared to $2.1B in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 761%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Gold in Jordan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	15.9	34.8	476	907	284.9%
United Arab Emirates	19.0	50.7	344	631	221.4%
Indonesia	N/A	0.3	187	446	3755.7%
Italy	50.9	41.5	95.6	86.6	19.4%
Others	0.5	1.2	4.1	11.3	182.7%
Total	86.3	129	1,107	2,081	188.9%

Top Suppliers of Gold to Jordan in 2022:

Switzerland (16.2 tons)
United Arab Emirates (11.2 tons)
Indonesia (8.6 tons)
Italy (1.7 tons)

Gold Exports in Jordan

For the third year in a row, Jordan recorded decline in shipments abroad of gold, which decreased by -43.7% to 753 kg in 2022. Over the period under review, exports faced a sharp descent. The smallest decline of -8.4% was in 2020.

In value terms, gold exports reduced sharply to $42M in 2022. Overall, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 112%. As a result, the exports reached the peak of $438M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Gold in Jordan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lebanon	93.6	29.5	4.0	14.8	-45.9%
Italy	4.7	3.6	4.9	13.4	41.8%
United Arab Emirates	80.4	136	5.2	9.1	-51.6%
Switzerland	27.1	240	59.7	3.6	-49.0%
Turkey	N/A	29.1	N/A	0.1	-94.1%
Others	1.2	N/A	1.5	0.5	-25.3%
Total	207	438	75.3	41.5	-41.5%