Latvia: Gold Market 2020

Gold Market Size in Latvia

The revenue of the gold market in Latvia amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, gold consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Latvia gold consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Gold Production in Latvia

In value terms, gold production amounted to $X in 2018 estimated in export prices. In general, gold production, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Latvia gold production peaked at $X in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.

Gold Exports

Exports from Latvia

In 2018, the exports of gold including gold plated with platinum from Latvia totaled X kg, growing by X% against the previous year. Over the period under review, gold exports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. Over the period under review, gold exports reached their maximum at X tons in 2015; however, from 2016 to 2018, exports remained at a lower figure.

In value terms, gold exports stood at $X in 2018. Overall, gold exports continue to indicate a resilient increase. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Latvia exports peaked at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Switzerland (X tons) and China, Hong Kong SAR (X tons) represented roughly X% of total exports of gold including gold plated with platinum in 2018. Mexico (X tons) ranks next in terms of the total exports with a X% share, followed by the U.S. (X%) and Argentina (X%). The following exporters - the United Arab Emirates (X tons), Australia (X tons), Canada (X tons), Peru (X tons), Singapore (X tons), Ghana (X tons) and Japan (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), China, Hong Kong SAR ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports.

In terms of the main exporting countries, China, Hong Kong SAR recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The gold export price in Latvia stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the gold export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by X% year-to-year. Over the period under review, the export prices for gold including gold plated with platinum reached their peak figure at $X per ton in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the United Arab Emirates ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Gold Imports

Imports into Latvia

In 2018, the gold imports into Latvia stood at X kg, reducing by -X% against the previous year. In general, gold imports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Latvia imports peaked at X kg in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, gold imports amounted to $X in 2018. In general, gold imports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Latvia imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Switzerland (X tons), distantly followed by China (X tons), India (X tons), the UK (X tons), China, Hong Kong SAR (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the major importers of gold including gold plated with platinum, together generating X% of total imports. Thailand (X tons), the U.S. (X tons), Canada (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest gold importing markets into Latvia were Switzerland ($X), China ($X) and the UK ($X), together comprising X% of total imports.

China experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The gold import price in Latvia stood at $X per ton in 2018, surging by X% against the previous year. Overall, the gold import price, however, continues to indicate a significant decline. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, the import prices for gold including gold plated with platinum attained their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform