PDAC 2016 INTELLIGENCE: Gold Demand Trends Full Year 2015

This edition of GDT examines all the latest developments in gold demand and supply during 2015 by sector and by region. DOWNLOAD REPORT » Full year 2015 in summary Jewellery demand in H2 2015 was strongest for 11 years; full year 3% weaker Full-year jewellery demand declined 3% to 2,414.9t, pulled lower by the weak H1. Demand in H2 was much stronger, increasing by 2% to 1,299.9t – the highest H2 total since 2004. India was the best-performing market, contrasting with losses in Turkey, Russia and much of the Middle East.    Marginal growth in bar and coin demand led by China, India and the US Investment demand grew by 8% in 2015, to 878.3t. Bar and coin demand inched up (to 263.5t) in the fourth quarter, resulting in marginal full-year growth. ETFs saw another year of outflows, although at 133.4t these were smaller than in 2014.    Ongoing quest for diversification fuelled central bank purchases Central banks added 588.4t of gold to their reserves in 2015, marginally above the previous year’s total. Demand was concentrated in the second half of the year: 336.2t was bought between July and December, compared with 252.1t in the first half.    Volumes of gold used in Technology continued to decline Familiar themes – of substitution and thrifting – were behind a 5% decline in annual gold demand in the technology sector. Slowing final product sales in key sectors were an added factor. Fourth quarter demand contracted by 7% to 84.5t. Continued development of new uses for gold in technological applications may offset the long-term downtrend.    Total supply fell 4% to 4,258.3t, under pressure from both mine production and recycling Mine production grew by just 1% in 2015 – the slowest rate of growth for seven years – and recycling fell to multi-year lows. Annual de-hedging of 20.8t further reduced the supply of gold.    Follow us on:      Read the full report The World Gold Council's detailed publication on gold demand and supply trends, analysed by sector and by region, during 2015. READ THE REPORT »   Gold demand statistics Latest statistics on gold global supply and demand. View full year 2015 gold statistics.   Download our Research App Now available for both iOS and Android mobiles and tablets; access unique research and reference guides on gold as a strategic investment as well as insight into supply and demand drivers of the gold market: iOS version » ANDROID version »

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