Report Update Feb 1, 2025

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

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Kazakhstan: Gold Market 2025

Gold Market Size in Kazakhstan

In 2021, the Kazakh gold market decreased by -48.4% to $X, falling for the third consecutive year after seven years of growth. In general, consumption, however, recorded strong growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Gold Production in Kazakhstan

In value terms, gold production contracted to $X in 2021 estimated in export price. Over the period under review, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 86%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Gold Exports

Exports from Kazakhstan

In 2021, the amount of gold exported from Kazakhstan surged to X tons, jumping by 2,327% compared with the previous year. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gold exports soared to $X in 2021. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for gold exports from Kazakhstan, accounting for a 78% share of total exports. Moreover, gold exports to the UK exceeded the volume sent to the second major destination, Singapore (X tons), eightfold. The third position in this ranking was taken by Italy (X kg), with a 0.5% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +109.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and Italy (-16.6% per year).

In value terms, the UK ($X) remains the key foreign market for gold exports from Kazakhstan, comprising 78% of total exports. The second position in the ranking was held by Singapore ($X), with a 10% share of total exports. It was followed by Italy, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +129.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (0.0% per year) and Italy (-12.7% per year).

Export Prices by Country

In 2021, the average gold export price amounted to $X per kg, surging by 25% against the previous year. Over the period under review, the export price continues to indicate moderate growth. The most prominent rate of growth was recorded in 2020 an increase of 103%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Switzerland ($X per kg) and Singapore ($X per kg), while the average price for exports to Russia ($X per kg) and Turkey ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Imports

Imports into Kazakhstan

In 2021, the amount of gold imported into Kazakhstan skyrocketed to X tons, with an increase of 22% against the previous year. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 1,689% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, gold imports rose notably to $X in 2021. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 3,080% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Russia (X tons) was the main gold supplier to Kazakhstan, accounting for a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +158.7%.

In value terms, Russia ($X) constituted the largest supplier of gold to Kazakhstan.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +210.7%.

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, dropping by -10.6% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold import price increased by +106.6% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 78% against the previous year. The import price peaked at $X per kg in 2020, and then dropped in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +3.8% per year.

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. These countries were followed by Hong Kong SAR, Australia, China, Peru, Thailand, the United Arab Emirates, Singapore, Japan, the United States and Canada, which together accounted for a further 41%.

What are the leading suppliers of gold to Kazakhstan?

In value terms, Russia constituted the largest supplier of gold to Kazakhstan.

What are the leading importers of gold from Kazakhstan?

In value terms, Kyrgyzstan emerged as the key foreign market for gold exports from Kazakhstan, comprising 95% of total exports. The second position in the ranking was occupied by Russia, with a 3.6% share of total exports.

What is the average export price for gold in Kazakhstan?

The average gold export price stood at $20,663 per kg in 2020, which is down by -9.1% against the previous year.

What is the average import price for gold in Kazakhstan?

In 2020, the average gold import price amounted to $50,915 per kg, jumping by 49% against the previous year.

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

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024