
CIS - Gold - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCIS: Gold Market 2025
Gold Market Size in CIS
The CIS gold market reduced rapidly to $X in 2021, waning by -18.9% against the previous year. In general, consumption recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.
Gold Production in CIS
In value terms, gold production contracted to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.1% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 27%. As a result, production attained the peak level of $X, and then reduced in the following year.
Gold Exports
Exports in CIS
For the third consecutive year, the CIS recorded growth in overseas shipments of gold, which increased by 8.3% to X tons in 2021. Over the period under review, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 261%. The volume of export peaked in 2021 and is expected to retain growth in the near future.
In value terms, gold exports rose notably to $X in 2021. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 274% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.
Exports by Country
Russia represented the main exporting country with an export of around X tons, which resulted at 61% of total exports. It was distantly followed by Kazakhstan (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons), together committing a 36% share of total exports.
From 2012 to 2021, average annual rates of growth with regard to gold exports from Russia stood at +13.8%. At the same time, Kazakhstan (+15.6%) and Kyrgyzstan (+10.0%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +15.6% from 2012-2021. By contrast, Uzbekistan (-2.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan increased by +15 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Russia ($X) remains the largest gold supplier in the CIS, comprising 62% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 16% share of total exports. It was followed by Uzbekistan, with a 15% share.
In Russia, gold exports expanded at an average annual rate of +14.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+20.0% per year) and Uzbekistan (+6.0% per year).
Export Prices by Country
In 2021, the export price in the CIS amounted to $X per kg, therefore, remained relatively stable against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold export price increased by +60.6% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of 28% against the previous year. As a result, the export price attained the peak level of $X per kg, and then declined modestly in the following year.
Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Kazakhstan ($X per kg) and Russia ($X per kg), while Uzbekistan ($X per kg) and Kyrgyzstan ($X per kg) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+8.3%), while the other leaders experienced more modest paces of growth.
Gold Imports
Imports in CIS
In 2021, approx. X tons of gold were imported in the CIS; picking up by 65% on 2020. In general, imports saw a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 632% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, gold imports surged to $X in 2021. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 680% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.
Imports by Country
Kazakhstan was the key importer of gold in the CIS, with the volume of imports finishing at X tons, which was near 48% of total imports in 2021. Belarus (X tons) ranks second in terms of the total imports with a 22% share, followed by Azerbaijan (9.6%), Armenia (9.4%) and Russia (6.2%). Kyrgyzstan (X kg) took a relatively small share of total imports.
Kazakhstan was also the fastest-growing in terms of the gold imports, with a CAGR of +92.6% from 2012 to 2021. At the same time, Belarus (+14.9%), Russia (+8.0%), Kyrgyzstan (+3.8%) and Armenia (+1.4%) displayed positive paces of growth. By contrast, Azerbaijan (-27.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan and Azerbaijan increased by +48 and +9.6 percentage points, respectively.
In value terms, Kazakhstan ($X), Belarus ($X) and Azerbaijan ($X) were the countries with the highest levels of imports in 2021, with a combined 83% share of total imports.
Among the main importing countries, Azerbaijan, with a CAGR of +166.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The import price in the CIS stood at $X per kg in 2021, waning by -4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2020 an increase of 23%. As a result, import price attained the peak level of $X per kg, and then declined slightly in the following year.
There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Azerbaijan ($X per kg), while Russia ($X per kg) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+10.9%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the gold market in CIS. 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:
- Armenia
- Azerbaijan
- Belarus
- Kazakhstan
- Kyrgyzstan
- Moldova
- Russia
- Tajikistan
- Uzbekistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in CIS, split by region and country
- Trade (exports and imports) in CIS
- 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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Armenia
- Azerbaijan
- Belarus
- Kazakhstan
- Kyrgyzstan
- Moldova
- Russia
- Tajikistan
- Uzbekistan
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
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