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Report Eastern Europe - Gold - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

Eastern Europe - Gold - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Europe: Gold Market 2025

Gold Market Size in Eastern Europe

The East European gold market shrank sharply to $X in 2021, with a decrease of -18.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Gold Production in Eastern Europe

In value terms, gold production shrank to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.2% against 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Gold Exports

Exports in Eastern Europe

In 2021, after two years of growth, there was significant decline in shipments abroad of gold, when their volume decreased by -6.6% to X tons. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2019 when exports increased by 255% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, gold exports contracted to $X in 2021. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 383%. The level of export peaked at $X in 2020, and then shrank in the following year.

Exports by Country

Russia (X tons) represented roughly 96% of total exports in 2021.

Russia was also the fastest-growing in terms of the gold exports, with a CAGR of +13.8% from 2012 to 2021. From 2012 to 2021, the share of Russia increased by +43 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest gold supplier in Eastern Europe.

In Russia, gold exports increased at an average annual rate of +14.5% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Europe stood at $X per kg in 2021, approximately reflecting the previous year. Over the period under review, the export price, however, saw notable growth. The most prominent rate of growth was recorded in 2019 an increase of 36%. Over the period under review, the export prices attained the maximum at $X per kg in 2020, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +0.6% per year.

Gold Imports

Imports in Eastern Europe

In 2021, overseas purchases of gold increased by 56% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 74% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, gold imports skyrocketed to $X in 2021. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 66%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

The Czech Republic (X tons) and Poland (X tons) represented roughly 49% of total imports in 2021. Belarus (X tons) took the next position in the ranking, followed by Estonia (X tons), Slovakia (X tons), Hungary (X tons) and Ukraine (X tons). All these countries together held approx. 42% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gold importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Belarus ($X), with a combined 66% share of total imports.

Belarus, with a CAGR of +18.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per kg, remaining stable against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold import price increased by +118.0% against 2013 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 58% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ukraine ($X per kg), while Slovakia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+23.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of gold consumption was Russia, comprising approx. 90% of total volume. Moreover, gold consumption in Russia exceeded the figures recorded by the second-largest consumer, Slovakia, more than tenfold.
The country with the largest volume of gold production was Russia, comprising approx. 98% of total volume. It was followed by Bulgaria, with a 1.5% share of total production.
In value terms, Russia remains the largest gold supplier in Eastern Europe, comprising 97% of total exports. The second position in the ranking was occupied by the Czech Republic, with a 0.5% share of total exports.
In value terms, the largest gold importing markets in Eastern Europe were the Czech Republic, Poland and Estonia, with a combined 68% share of total imports. These countries were followed by Ukraine, Slovakia, Hungary and Russia, which together accounted for a further 26%.
In 2020, the gold export price in Eastern Europe amounted to $56,862 per kg, increasing by 30% against the previous year.
The gold import price in Eastern Europe stood at $37,169 per kg in 2020, declining by -10.2% against the previous year.

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Eastern Europe, split by region and country
  • Trade (exports and imports) in Eastern Europe
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Belarus
    • Bulgaria
    • Czech Republic
    • Estonia
    • Hungary
    • Latvia
    • Lithuania
    • Moldova
    • Poland
    • Romania
    • Russia
    • Slovakia
    • Ukraine

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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