Croatia: Gold Market 2025

Gold Market Size in Croatia

In 2021, after five years of growth, there was significant decline in the Croatian gold market, when its value decreased by -95.7% to $X. In general, consumption saw a significant curtailment. Over the period under review, the market attained the peak level at $X in 2020, and then declined sharply in the following year.

Gold Production in Croatia

In value terms, gold production contracted markedly to $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic descent. The most prominent rate of growth was recorded in 2016 with an increase of 104%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Gold Exports

Exports from Croatia

For the fourth year in a row, Croatia recorded growth in overseas shipments of gold, which increased by 138% to X tons in 2021. Overall, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, gold exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 85%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Slovenia (X tons), Italy (X kg) and Serbia (X kg) were the main destinations of gold exports from Croatia, together accounting for 82% of total exports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +277.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Italy ($X) and Serbia ($X) appeared to be the largest markets for gold exported from Croatia worldwide, together comprising 88% of total exports.

Serbia, with a CAGR of +333.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gold export price stood at $X per kg in 2021, with a decrease of -45.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per kg, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per kg), while the average price for exports to Germany ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-1.1%), while the prices for the other major destinations experienced a decline.

Gold Imports

Imports into Croatia

In 2021, approx. X tons of gold were imported into Croatia; picking up by 65% against the previous year's figure. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 4,418%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, gold imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 2,734% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Austria (X kg) constituted the largest gold supplier to Croatia, with a 57% share of total imports. Moreover, gold imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X kg), twofold. Slovenia (X kg) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Austria amounted to +67.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+74.4% per year) and Slovenia (+40.8% per year).

In value terms, Austria ($X) constituted the largest supplier of gold to Croatia, comprising 65% of total imports. The second position in the ranking was held by Slovenia ($X), with a 16% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Austria amounted to +64.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+205.3% per year) and Germany (+68.1% per year).

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, surging by 11% against the previous year. Overall, the import price, however, saw a mild decline. The growth pace was the most rapid in 2015 when the average import price increased by 57%. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per kg), while the price for Italy ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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