Central Asia: Unwrought Gold Market 2020

Unwrought Gold Market Size in Central Asia

The revenue of the unwrought gold market in Central Asia amounted to $X in 2017, jumping by X% against the previous year. The unwrought gold consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. The level of unwrought gold consumption peaked in 2017, and is expected to retain its growth in the near future.

Unwrought Gold Production in Central Asia

The unwrought gold production stood at X tons in 2017, coming up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015, when the output figure increased by X% year-to-year. Over the period under review, the unwrought gold production reached its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Unwrought Gold Exports in Central Asia

The exports amounted to X tons in 2017, coming down by -X% against the previous year. The unwrought gold exports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. The volume of exports peaked of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, unwrought gold exports amounted to $X in 2017. The unwrought gold exports continue to indicate a prominent expansion. Over the period under review, the unwrought gold exports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Unwrought Gold Exports by Country in Central Asia

Kyrgyzstan represented the main exporting country with an export of about X tons, which reached X% of total exports. Mongolia (X tons) occupied the second position in the ranking, followed by Kazakhstan (X tons). All these countries together occupied near X% share of total exports.

Kyrgyzstan was also the fastest growing in terms of the gold, unwrought or in powder form exports, with a CAGR of +X% from 2007 to 2017. Mongolia (-X%) and Kazakhstan (-X%) illustrated a downward trend over the same period. Kazakhstan (X%) and Mongolia (X%) significantly strengthened its position in terms of the global exports, while Kyrgyzstan saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, the largest unwrought gold markets worldwide were Kyrgyzstan ($X), Mongolia ($X) and Kazakhstan ($X), together comprising X% of total exports.

Kyrgyzstan (+X% per year) recorded the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced mixed trends in the exports figures.

Unwrought Gold Export Prices by Country in Central Asia

In 2017, the unwrought gold export price in Central Asia amounted to $X thousand per kg, picking up by X% against the previous year. The export price indicated a remarkable increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the unwrought gold export price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2011, when it surged by X% against the previous year. Over the period under review, the export prices for gold, unwrought or in powder form attained its peak figure level in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Mongolia ($X thousand per kg), while Kazakhstan ($X thousand per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mongolia (+X% per year), while the other leaders experienced more modest paces of growth.

Unwrought Gold Imports in Central Asia

In 2017, the amount of gold, unwrought or in powder form imported in Central Asia stood at X kg, declining by -X% against the previous year. The unwrought gold imports continue to indicate a drastic reduction. The pace of growth appeared the most rapid in 2013, with an increase of X% against the previous year. The volume of imports peaked of X kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, unwrought gold imports stood at $X in 2017. The unwrought gold imports continue to indicate a precipitous slump. The level of imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Unwrought Gold Imports by Country in Central Asia

Kazakhstan dominates unwrought gold imports structure, finishing at X kg, which was near X% of total imports in 2017. It was distantly followed by Kyrgyzstan (X kg), generating X% share of total imports.

Kazakhstan was also the fastest growing in terms of the gold, unwrought or in powder form imports, with a CAGR of +X% from 2007 to 2017. Kyrgyzstan (-X%) illustrated a downward trend over the same period. While the share of Kyrgyzstan (X%) increased significantly in terms of the global imports from 2007-2017, the share of Kazakhstan (-X%) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported gold, unwrought or in powder form in Central Asia, making up X% of global imports. The second position in the ranking was occupied by Kyrgyzstan ($X), with a X% share of global imports.

From 2007 to 2017, the average annual growth rate of value in Kazakhstan stood at +X%.

Unwrought Gold Import Prices by Country in Central Asia

The unwrought gold import price in Central Asia stood at $X thousand per kg in 2017, rising by X% against the previous year. The unwrought gold import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2010, an increase of X% against the previous year. The level of import price peaked of $X thousand per kg in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Average import prices varied noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Kyrgyzstan ($X thousand per kg) and Kazakhstan ($X thousand per kg), while Kazakhstan ($X thousand per kg) and Kyrgyzstan ($X thousand per kg) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kazakhstan (+X% per year).

Source: IndexBox Platform