Gold Demand Trends
Gold Demand Trends Q2 2015
Published 13th August 2015
Categories: Supply and demand, Investment
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Gold demand declined to 914.9t in the second quarter – a 12% year-on-year drop – as consumers faced a number of challenges. Jewellery demand came under pressure from negative consumer sentiment, while investment was undermined by stock market gains and a lacklustre price environment. On a half-yearly basis, global demand was 6% down at 1998.9t. The outlook for the second half of the year is more optimistic; there are signs that the recent drop in the gold price has sparked a revival in demand since the end of June.
Gold Demand Trends second quarter 2015 - video
Alistair Hewitt, Head of Market Intelligence is interviewed on the findings of the World Gold Council’s Q2 2015 Gold Demand Trends report.
Demand statistics (in tonnes and value)
2013 | 2014 | 2015 | Q2'15 vs Q2'14 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Tonnes | 2013 | 2014 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | % chg |
Jewellery | 2,673.2 | 2,462.9 | 628.4 | 616.0 | 618.1 | 594.5 | 593.7 | 656.6 | 603.4 | 513.5 | -14 |
Technology | 354.3 | 346.5 | 87.4 | 84.4 | 82.2 | 86.3 | 87.7 | 90.4 | 81.6 | 85.5 | -1 |
Electronics | 248.6 | 277.6 | 61.7 | 59.7 | 65.3 | 68.8 | 70.5 | 73.0 | 64.9 | 68.2 | -1 |
Other Industrial | 82.7 | 49.0 | 20.1 | 19.5 | 11.5 | 12.6 | 12.3 | 12.6 | 11.9 | 12.6 | 0 |
Dentistry | 23.0 | 19.9 | 5.6 | 5.2 | 5.3 | 4.9 | 4.9 | 4.8 | 4.7 | 4.7 | -4 |
Investment | 785.6 | 820.2 | 202.2 | 161.0 | 267.9 | 199.9 | 182.5 | 169.9 | 275.5 | 178.5 | -11 |
Total bar and coin demand | 1,702.0 | 1,004.4 | 320.9 | 346.5 | 281.5 | 237.8 | 223.0 | 262.0 | 252.1 | 201.4 | -15 |
Physical Bar demand | 1,335.8 | 725.7 | 262.4 | 261.4 | 201.3 | 170.6 | 166.5 | 187.4 | 191.5 | 152.3 | -11 |
Official Coin | 266.3 | 204.6 | 42.2 | 67.0 | 64.4 | 49.2 | 36.1 | 54.9 | 45.9 | 36.2 | -26 |
Medals/Imitation Coin | 99.9 | 74.0 | 16.4 | 18.0 | 15.8 | 18.1 | 20.4 | 19.7 | 14.6 | 12.9 | -29 |
ETFs & similar products* | -916.3 | -184.2 | -118.7 | -185.5 | -13.6 | -37.9 | -40.5 | -92.1 | 23.4 | -22.9 | - |
Central bank & other inst. | 625.5 | 590.5 | 138.9 | 150.0 | 119.8 | 157.2 | 179.5 | 133.9 | 123.6 | 137.4 | -13 |
Gold demand | 4,438.6 | 4,220.1 | 1,056.8 | 1,011.5 | 1,087.9 | 1,038.0 | 1,043.5 | 1,050.8 | 1,084.0 | 914.9 | -12 |
LBMA Gold price, US$/oz | 1,411.2 | 1,266.4 | 1,326.3 | 1,276.2 | 1,293.1 | 1,288.4 | 1,281.9 | 1,201.4 | 1,218.5 | 1,192.4 | -7 |
2013 | 2014 | 2015 | Q2'15 vs Q2'14 | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
US$mn | 2013 | 2014 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | % chg |
Jewellery | 121,288.9 | 100,279.4 | 26,794.2 | 25,274.9 | 25,694.7 | 24,627.6 | 24,470.5 | 25,361.3 | 23,636.3 | 19,684.7 | -20 |
Technology | 16,074.2 | 14,108.9 | 3,725.7 | 3,464.2 | 3,415.5 | 3,575.3 | 3,613.1 | 3,491.4 | 3,197.6 | 3,277.5 | -8 |
Electronics | 11,277.2 | 11,303.6 | 2,631.0 | 2,451.3 | 2,716.0 | 2,851.7 | 2,905.4 | 2,818.0 | 2,544.3 | 2,612.9 | -8 |
Other Industrial | 3,753.3 | 1,994.3 | 856.8 | 798.9 | 478.1 | 520.8 | 506.5 | 487.4 | 467.4 | 483.6 | -7 |
Dentistry | 1,043.6 | 811.0 | 237.9 | 214.0 | 221.4 | 202.7 | 201.2 | 186.0 | 185.8 | 181.0 | -11 |
Investment | 35,646.4 | 33,394.3 | 8,621.1 | 6,605.3 | 11,135.5 | 8,280.6 | 7,522.8 | 6,562.4 | 10,791.8 | 6,842.9 | -17 |
Total bar and coin demand | 77,221.7 | 40,893.3 | 13,684.1 | 14,215.3 | 11,701.7 | 9,851.9 | 9,192.5 | 10,120.4 | 9,874.6 | 7,720.9 | -22 |
Physical Bar demand | 60,607.7 | 29,548.8 | 11,188.0 | 10,725.4 | 8,367.9 | 7,065.5 | 6,861.7 | 7,238.3 | 7,501.6 | 5,837.8 | -17 |
Official Coin | 12,080.5 | 8,331.4 | 1,797.4 | 2,751.0 | 2,676.1 | 2,037.4 | 1,489.9 | 2,121.2 | 1,800.0 | 1,388.7 | -32 |
Medals/Imitation Coin | 4,533.5 | 3,013.0 | 698.7 | 739.0 | 657.7 | 748.9 | 840.9 | 760.8 | 573.0 | 494.5 | -34 |
ETFs & similar products* | -41,575.4 | -7,499.0 | -5,063.0 | -7,610.0 | -566.2 | -1,571.3 | -1,669.8 | -3,558.0 | 917.2 | -878.1 | - |
Central bank & other inst. | 28,379.3 | 24,043.7 | 5,922.0 | 6,154.9 | 4,982.1 | 6,511.7 | 7,400.1 | 5,173.5 | 4,840.4 | 5,267.4 | -19 |
Gold demand | 201,388.7 | 171,826.3 | 45,063.0 | 41,499.3 | 45,227.9 | 42,995.1 | 43,006.4 | 40,588.6 | 42,466.1 | 35,072.5 | -18 |
*For a listing of the Exchange Traded Funds and similar products click here for more information.
Source: Metals Focus, ICE Benchmark Administration, World Gold Council
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