Russian Federation - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGold Price in Russia - 2022
Contents:
- Gold Price in Russia (FOB) - 2022
- Gold Price in Russia (CIF) - 2022
- Gold Exports in Russia
- Gold Imports in Russia
Gold Price in Russia (FOB) - 2022
In January 2022, the average gold export price amounted to $57.8M per ton, therefore, remained relatively stable against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 an increase of 4.2% month-to-month. The export price peaked at $59.4M per ton in June 2021; afterwards, it flattened through to January 2022.
Average prices varied noticeably for the major export markets. In January 2022, the highest price was recorded for prices to the UK ($58.5M per ton) and Switzerland ($58.5M per ton), while the average price for exports to Kazakhstan ($47.7M per ton) and Germany ($58.1M per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.2%), while the prices for the other major destinations experienced mixed trend patterns.
Gold Price in Russia (CIF) - 2022
In 2022, the average gold import price amounted to $24,508,101 per ton, growing by 31% against the previous year. Over the period under review, the import price saw a resilient increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 199%. The import price peaked at $32,718,248 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($27,480,612 per ton), while the price for Armenia totaled $24,428,567 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.4%), while the prices for the other major suppliers experienced a decline.
Gold Exports in Russia
In 2022, the amount of gold exported from Russia reached 311 tons, picking up by 3% against the previous year. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 157% against the previous year. As a result, the exports attained the peak of 319 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, gold exports reached $17.9B in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 222% against the previous year. As a result, the exports reached the peak of $18.5B. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Gold in Russia (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 5.1 | 16.9 | 15.4 | 15.4 | 44.5% |
Kazakhstan | 0.3 | 0.4 | 0.4 | 1.0 | 49.4% |
Germany | N/A | N/A | 0.3 | 0.7 | 133.3% |
Switzerland | 0.1 | 0.6 | 0.4 | 0.7 | 91.3% |
Others | 0.3 | 0.5 | 0.9 | 0.2 | -12.6% |
Total | 5.8 | 18.5 | 17.4 | 17.9 | 45.6% |
Top Export Markets for Gold from Russia in 2022:
- United Kingdom (263.2 tons)
- Kazakhstan (21.2 tons)
- Switzerland (12.1 tons)
- Germany (11.3 tons)
Gold Imports in Russia
In 2022, the amount of gold imported into Russia declined to 882 kg, reducing by -14.5% against 2021 figures. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of 1 tons, and then shrank in the following year.
In value terms, gold imports rose rapidly to $22M in 2022. In general, imports showed a relatively flat trend pattern.
Import of Gold in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Armenia | N/A | N/A | N/A | 21.0 | 0% |
Germany | 1.1 | N/A | 0.1 | 0.6 | -18.3% |
Thailand | 16.0 | 0.3 | N/A | N/A | -98.1% |
Switzerland | N/A | 1.2 | 17.6 | N/A | 1366.7% |
Uzbekistan | N/A | 22.1 | N/A | N/A | 0% |
United Arab Emirates | 2.1 | 0.3 | N/A | N/A | -85.7% |
Peru | N/A | N/A | 0.3 | N/A | 0% |
Italy | 1.2 | 0.1 | 0.4 | N/A | -42.3% |
Others | 1.3 | N/A | 1.0 | N/A | -12.3% |
Total | 21.6 | 23.9 | 19.3 | 21.6 | 0.0% |
Top Suppliers of Gold to Russia in 2022:
- Armenia (859.0 kg)
- Germany (23.0 kg)
This report provides an in-depth analysis of the gold market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24412030 - Gold, unwrought or in powder form for non-monetary use (including plated with platinum)
- Prodcom 24412035 -
- Prodcom 24412040 -
- Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)
- Prodcom 24412070 - Monetary gold (including gold plated with platinum)
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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