Core data of this article:? Gold output, domestic raw material output, imported raw material output, gold consumption and gold consumption structure.
Supply side: the output continues to decline, and the resource pattern is grim.
In recent years, influenced by the retreat of mining rights in nature reserves, the policy of transferring mining rights and the exhaustion of mine resources, the output of mineral gold in key gold-producing areas such as Henan, Fujian and Xinjiang has dropped sharply. According to the statistics of China Gold Association, in 2020, China * * * produced 479.5 tons of gold, down 4.2% year-on-year.
Chart of China Gold Association 1: 20 15-2020 China gold production and growth rate (unit: tons,%)
Among them, in 2020, affected by the COVID-19 epidemic, the grade of gold resources declined, and the domestic supply of gold raw materials tightened. Domestic raw materials produced 365.3 tons of gold, down 3.9% year-on-year, and the output declined for four consecutive years.
Chart of China Gold Association 2:20 15-2020 China's domestic raw material production gold output (unit: ton,%)
The decline in domestic gold mine production has caused a shortage of domestic gold raw materials, and imported gold raw materials have become an important supplement to China's gold production. In 2020, imported raw materials will produce gold 1 14.2 tons, down 5% year-on-year.
Chart of the Ministry of Industry and Information Technology 3:20 16-2020 China imported raw material gold output (unit: tons,%)
Demand side: the demand for gold jewelry accounts for nearly 60%
In 2020, the overall domestic gold consumption is weak, and the national gold consumption is 82 1 ton, down 18. 1% year-on-year.
Chart of China Gold Association 4: 2015-Gold consumption in China in 2020 (unit: tons,%)
Among the gold consumption in 2020, the consumption of gold ornaments was 490.6 tons, down 27.5% year-on-year, accounting for 59.8% of the total consumption; The consumption of gold bars and coins was 246.6 tons, up 9.2% year-on-year, accounting for 30.0%. Consumption in industry and other fields was 83.8 tons, down 16.8% year-on-year, accounting for 10.2%.
Chart 5 of China Gold Association: Gold Consumption Structure in China in 2020 (unit:%)
-For more data, please refer to China Gold Industry Market Foresight and Investment Strategic Planning Analysis Report of Forward-looking Industry Research Institute.