Austria: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Austria

In 2022, the Austrian semi-manufactured gold market decreased by -92.1% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a sharp shrinkage. Semi-manufactured gold consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Semi-Manufactured Gold Production in Austria

In value terms, semi-manufactured gold production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume decreased by 99.9%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the near future.

Semi-Manufactured Gold Exports

Exports from Austria

In 2022, overseas shipments of gold, in semi-manufactured forms increased by 46% to X tons, rising for the third year in a row after two years of decline. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, semi-manufactured gold exports surged to $X in 2022. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2020 with an increase of 103%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for semi-manufactured gold exports from Austria, with a 60% share of total exports. Moreover, semi-manufactured gold exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by the Czech Republic (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.9% per year) and the Czech Republic (-3.3% per year).

In value terms, the UK ($X) remains the key foreign market for gold, in semi-manufactured forms exports from Austria, comprising 60% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports. It was followed by the Czech Republic, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +49.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.3% per year) and the Czech Republic (-2.9% per year).

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, which is down by -5.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21%. The export price peaked at $X per kg in 2021, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per kg) and Romania ($X per kg), while the average price for exports to Germany ($X per kg) and the Czech Republic ($X per kg) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Austria

In 2022, overseas purchases of gold, in semi-manufactured forms decreased by -12.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 95% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured gold imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2020 with an increase of 112% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Switzerland (X tons) was the main supplier of semi-manufactured gold to Austria, accounting for a 98% share of total imports. It was followed by Germany (X kg), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland stood at +1.5%.

In value terms, Switzerland ($X) constituted the largest supplier of gold, in semi-manufactured forms to Austria, comprising 98% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Switzerland totaled +2.2%.

Import Prices by Country

The average semi-manufactured gold import price stood at $X per kg in 2022, picking up by 2.5% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, semi-manufactured gold import price increased by +62.9% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per kg), while the price for Germany totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.1%).

Source: IndexBox Platform

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