Report Update Nov 1, 2024

Croatia - Gold - Market Analysis, Forecast, Size, Trends and Insights

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Croatia: Gold Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for gold in the world?

The countries with the highest volumes of gold consumption in 2020 were the UK, Switzerland and China, with a combined 41% share of global consumption.

What are the largest producers of gold in the world?

The countries with the highest volumes of gold production in 2020 were Russia, Argentina and South Africa, with a combined 19% share of global production. Hong Kong SAR, Australia, China, Peru, Thailand, the United Arab Emirates, Singapore, Japan, the United States and Canada lagged somewhat behind, together comprising a further 41%.

What are the leading suppliers of gold to Croatia?

In value terms, Austria constituted the largest supplier of gold to Croatia, comprising 50% of total imports. The second position in the ranking was occupied by Slovenia, with a 22% share of total imports. It was followed by Germany, with a 20% share.

What are the leading importers of gold from Croatia?

In value terms, Serbia, Italy and Slovenia were the largest markets for gold exported from Croatia worldwide, with a combined 88% share of total exports.

What is the average export price for gold in Croatia?

The average gold export price stood at $53,161 per kg in 2020, picking up by 28% against the previous year.

What is the average import price for gold in Croatia?

The average gold import price stood at $46,435 per kg in 2020, growing by 27% against the previous year.

This report provides an in-depth analysis of the gold market in Croatia. 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:

Croatia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Croatia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023