Gold Demand Trends Q1 2014
| 2012 | 2013 | 2014 | Q1'14 vs Q1'13 | 4-quarter2 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tonnes | 2012 | 2013 | Q2 | Q3 | Q4 | Q1 | Q2 | Q2 | Q41 | Q11 | % chg | % chg |
| Jewellery | 1,998.0 | 2,361.2 | 458.9 | 478.9 | 545.3 | 554.7 | 693.6 | 539.6 | 573.4 | 570.7 | 3 | 17 |
| Technology | 415.4 | 408.6 | 104.9 | 104.4 | 98.2 | 103.5 | 103.7 | 103.0 | 98.3 | 99.0 | -4 | -2 |
| Electronics | 284.5 | 278.9 | 71.4 | 72.3 | 67.0 | 70.9 | 69.9 | 70.9 | 67.2 | 67.7 | -4 | -2 |
| Other Industrial | 92.3 | 93.4 | 23.7 | 22.7 | 21.9 | 23.7 | 24.3 | 23.2 | 22.2 | 22.7 | -4 | 0 |
| Dentistry | 38.6 | 36.3 | 9.9 | 9.4 | 9.3 | 8.9 | 9.5 | 9.0 | 8.9 | 8.6 | -4 | -4 |
| Investment | 1,637.3 | 900.8 | 305.0 | 449.7 | 472.6 | 288.1 | 228.0 | 192.0 | 192.7 | 282.3 | -2 | -41 |
| Total bar and coin demand | 1,358.2 | 1,780.6 | 305.0 | 311.9 | 384.4 | 464.7 | 630.3 | 312.2 | 373.5 | 282.5 | -39 | 9 |
| Physical Bar demand | 1,036.8 | 1,381.1 | 228.4 | 234.3 | 297.0 | 356.0 | 496.9 | 251.6 | 276.6 | 216.4 | -39 | 11 |
| Official Coin | 208 | 295.7 | 53.8 | 47.9 | 53.1 | 77.9 | 95.1 | 44.6 | 78.1 | 52.1 | -33 | 16 |
| Medals/Imitation Coin | 113.4 | 103.8 | 22.8 | 29.7 | 34.3 | 30.8 | 38.4 | 16.0 | 18.8 | 14.0 | -54 | -26 |
| ETFs & similar products3 | 279.1 | -879.8 | 0 | 137.8 | 88.1 | -176.5 | -402.2 | -120.2 | -180.8 | -0.2 | -- | -- |
| Central bank net purchases | 544.1 | 409.3 | 163.5 | 112.3 | 150.4 | 130.8 | 92.1 | 101.5 | 85.0 | 122.4 | -6 | -28 |
| Gold demand | 4,594.7 | 4,080.0 | 1,032.4 | 1,145.3 | 1,266.4 | 1,077.2 | 1,117.4 | 936.0 | 949.4 | 1,074.5 | 0.0 | -10 |
| London PM fix, US$/oz | 1,669.0 | 1,411.2 | 1,609.5 | 1,652.0 | 1,721.8 | 1,631.8 | 1,414.8 | 1,326.3 | 1,276.2 | 1,293.1 | -21 | -20 |
| 2012 | 2013 | 2014 | Q1'14 vs Q1'13 | 4-quarter2 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| US$mn | 2012 | 2013 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q41 | Q11 | % chg | % chg |
| Jewellery | 107,213 | 107,134 | 23,747 | 25,436 | 30,187 | 29,100 | 31,548 | 23,008 | 23,526 | 23,727 | -18 | -6 |
| Technology | 22,288 | 18,539 | 5,431 | 5,545 | 5,437 | 5,432 | 4,719 | 4,394 | 4,032 | 4,117 | -24 | -21 |
| Electronics | 15,265 | 12,655 | 3,692 | 3,842 | 3,709 | 3,718 | 3,181 | 3,024 | 2,757 | 2,816 | -24 | -21 |
| Other Industrial | 4,954 | 4,238 | 1,227 | 1,205 | 1,213 | 1,245 | 1,107 | 988 | 909 | 945 | -24 | -19 |
| Dentistry | 2,069 | 1,646 | 512 | 498 | 515 | 469 | 430 | 382 | 366 | 357 | -24 | -23 |
| Investment | 87,855 | 40,873 | 15,782 | 23,883 | 26,159 | 15,116 | 10,373 | 8,186 | 7,907 | 11,736 | -22 | -53 |
| Total bar and coin demand | 72,880 | 80,792 | 15,783 | 16,567 | 21,280 | 24,377 | 28,670 | 13,313 | 15,324 | 11,746 | -52 | 11 |
| Physical Bar demand | 55,636 | 62,663 | 11,820 | 12,442 | 16,439 | 18,678 | 22,600 | 10,729 | 11,348 | 8,997 | -52 | 10 |
| Official Coin | 11,158 | 13,417 | 2,782 | 2,546 | 2,940 | 4,085 | 4,325 | 1,903 | 3,206 | 2,167 | -47 | 6 |
| Medals/Imitation Coin | 6,086 | 4,712 | 1,180 | 1,579 | 1,901 | 1,614 | 1,745 | 681 | 770 | 582 | -64 | -40 |
| ETFs & similar products3 | 14,975 | -39,919 | -1 | 7,317 | 4,879 | -9,261 | -18,297 | -5,128 | -7,417 | -10 | -- | -- |
| Central bank net purchases | 29,193 | 18,572 | 8,462 | 5,967 | 8,323 | 6,863 | 4,187 | 4,326 | 3,488 | 5,089 | -26 | -42 |
| Gold demand | 246,549 | 185,118 | 53,421 | 60,832 | 70,106 | 56,511 | 50,827 | 39,913 | 38,953 | 44,669 | -21 | -28 |
1Provisional.
2Percentage change, 12 months ended March 2014 vs 12 months ended March 2013.
3Exchange Traded Funds and similar products including: Gold Bullion Securities (London), Gold Bullion Securities (Australia), SPDR® Gold Shares (formerly streetTRACKS Gold Shares), NewGold Gold Debentures, iShares Gold Trust, ZKB Gold ETF, GOLDIST, ETF Securities Physical Gold, ETF Securities (Tokyo), ETF Securities (NYSE), XETRA-GOLD, Julius Baer Physical Gold, Central Fund of Canada and Central Gold Trust, Swiss Gold, iShares Gold Bullion Fund (formerly Claymore Gold Bullion ETF), Sprott Physical Gold Trust, ETF Securities Glitter, Mitsubishi Physical Gold ETF and iShares Gold CH.
Source: The London Gold Market Fixing Ltd, GFMS, Thomson Reuters, World Gold Council
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Data on the supply and demand for gold is compiled by GFMS, Thomson Reuters. The company provides a number of tables exclusively for the World Gold Council. Please refer to the notes and copyright information for details regarding the restrictions on disseminating these data. GFMS, Thomson Reuters should be contacted for further information or for historical data. In addition, certain data is available on Thomson Reuters and Bloomberg.
Compare consumer demand by region, category and time period in the Regional analysis section.
Marcus Grubb, Managing Director Investment Strategy, talks through the findings from the Q1 2014 Gold Demand Trends report.
