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China’s Gold Consumption Sees Surge in 2021

发布时间:2022.01.30

China’s Gold Consumption Sees Surge in 2021. For more information on export to China, please call SINOLOBEN, service Email: sinoloben@sloben.com.

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China's gold consumption surged more than 36 percent year-on-year last year to around 1,121 metric tons, an industry report said on Thursday.

Compared with the pre-COVID 2019 level, domestic gold consumption last year was some 12 percent higher.

Consumption of gold jewelry in China rose 45 percent year-on-year to 711 tons last year, with the level 5 percent higher than that of 2019.

The effective pandemic controls in 2021 and macroeconomic policies have supported demand, putting gold consumption on a recovery course, while the rapid development of the country's new energy industry and electronics industry has also encouraged purchases of the precious metal, said the association.

With the rapid development of the domestic new energy industry and electronics industry, the demand for gold for industrial use has also maintained steady growth.

China has very strict regulations on the import and export of gold and its products, involving the application for gold certificates. Our company specializes in the import and export of gold products, including gold jewelry, industrial gold wire, gold powder, and gold particles.China’s Gold Consumption Sees Surge in 2021
#china #gold #goldjewelry #import #export #trade 

China's gold consumption surged more than 36 percent year-on-year last year to around 1,121 metric tons, an industry report said on Thursday.

Compared with the pre-COVID 2019 level, domestic gold consumption last year was some 12 percent higher.

Consumption of gold jewelry in China rose 45 percent year-on-year to 711 tons last year, with the level 5 percent higher than that of 2019.

The effective pandemic controls in 2021 and macroeconomic policies have supported demand, putting gold consumption on a recovery course, while the rapid development of the country's new energy industry and electronics industry has also encouraged purchases of the precious metal, said the association.

With the rapid development of the domestic new energy industry and electronics industry, the demand for gold for industrial use has also maintained steady growth.

China has very strict regulations on the import and export of gold and its products, involving the application for gold certificates. Our company specializes in the import and export of gold products, including gold jewelry, industrial gold wire, gold powder, and gold particles.


For further information about China's imports & exports of seafood, please contact us.

Ms. Linda Li

0086(0)21 3538 3306

sinoloben@thecustoms.com.cn


As food importer & food distributor based in Frankfurt and Shanghai, Sinoloben Europa Trading GmbH helps client export to China and bring your food products to International Expo, e.g. China International Import Expo (CIIE), the world's largest import-themed expo.  

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