Lithuania: Gold Market 2020

Gold Market Size in Lithuania

The revenue of the gold market in Lithuania amounted to $X in 2018, going down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, gold consumption, however, continues to indicate remarkable growth. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the gold market attained its maximum level at $X in 2017, and then declined slightly in the following year.

Gold Exports

Exports from Lithuania

Gold exports from Lithuania stood at X kg in 2018, approximately equating the previous year. Overall, gold exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, gold exports attained their maximum at X kg in 2014; afterwards, it flattened through to 2018.

In value terms, gold exports stood at $X in 2018. In general, gold exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, gold exports reached their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, Switzerland (X tons) and China, Hong Kong SAR (X tons) represented the largest exporters of gold including gold plated with platinumin the world, together resulting at approx. X% of total exports. It was distantly followed by Mexico (X tons), the U.S. (X tons) and Argentina (X tons), together constituting a X% share of total exports. 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) held a minor share 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 accounting for X% of total exports.

China, Hong Kong SAR experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the gold export price in Lithuania amounted to $X per ton, going up by X% against the previous year. Over the period under review, the export price indicated a remarkable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, gold export price increased by +X% against 2014 indices. The growth pace was the most rapid in 2008 when the export price increased by X% against the previous year. Lithuania export price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, 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 Lithuania

Gold imports into Lithuania amounted to X kg in 2018, going down by -X% against the previous year. In general, gold imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, gold imports attained their maximum at X kg in 2017, and then declined slightly in the following year.

In value terms, gold imports stood at $X in 2018. Over the period under review, gold imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, gold imports attained their maximum at $X in 2017, and then declined slightly in the following year.

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 main importers of gold including gold plated with platinum, together committing 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 Lithuania were Switzerland ($X), China ($X) and the UK ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2018, the gold import price in Lithuania amounted to $X per ton, dropping by -X% against the previous year. In general, the gold import price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2010 when the import price increased by 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 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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