Kazakhstan: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Kazakhstan

The Kazakh semi-manufactured gold market skyrocketed to $X in 2022, with an increase of 707% against the previous year. In general, consumption posted a perceptible increase. Semi-manufactured gold consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Semi-Manufactured Gold Production in Kazakhstan

In value terms, semi-manufactured gold production rose slightly to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Semi-Manufactured Gold Exports

Exports from Kazakhstan

Semi-manufactured gold exports from Kazakhstan contracted significantly to X kg in 2022, declining by 99.9% on 2021 figures. Overall, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 4,353% against the previous year. As a result, the exports attained the peak of X tons, and then fell sharply in the following year.

In value terms, semi-manufactured gold exports shrank markedly to $X in 2022. Over the period under review, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 4,372% against the previous year. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Turkey (X kg) and Russia (X kg) were the main destinations of semi-manufactured gold exports from Kazakhstan. Moreover, semi-manufactured gold exports in Turkey exceeded the figures recorded by the second-largest exporter, Russia, twofold.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of 0.0%).

In value terms, Russia ($X) emerged as the key foreign market for gold, in semi-manufactured forms exports from Kazakhstan, comprising 94% of total exports. The second position in the ranking was held by Turkey ($X), with a 5.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +40.7%.

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, reducing by -77.1% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 an increase of 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per kg in 2021, and then dropped notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+40.7%), while the prices for the other major destinations experienced mixed trend patterns.

Semi-Manufactured Gold Imports

Imports into Kazakhstan

In 2022, the amount of gold, in semi-manufactured forms imported into Kazakhstan dropped significantly to X kg, shrinking by -40% on 2021 figures. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 10% against the previous year. Imports peaked at X kg in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, semi-manufactured gold imports surged to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X kg) constituted the largest supplier of semi-manufactured gold to Kazakhstan, with a 83% share of total imports. Moreover, semi-manufactured gold imports from Italy exceeded the figures recorded by the second-largest supplier, Russia (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +17.5%.

In value terms, Russia ($X) constituted the largest supplier of gold, in semi-manufactured forms to Kazakhstan, comprising 87% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +7.0%.

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per kg, growing by 1,638% against the previous year. Overall, the import price recorded resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per kg), while the price for Italy amounted to $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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