Russian Federation: Gold Ore Market 2020

Gold Ore Market Size in Russian Federation

The revenue of the gold ore market in Russia amounted to $X in 2017, shrinking by -X% against the previous year. In general, gold ore consumption continues to indicate a dramatic downturn. The growth pace was the most rapid in 2014, with an increase of X% against the previous year. Over the period under review, the gold ore market attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Gold Ore Production in Russian Federation

Gold ore production in Russia stood at X tons in 2017, approximately reflecting the previous year. Overall, gold ore production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. Over the period under review, the gold ore production reached its maximum volume in 2017, and is likely to see steady growth in the immediate term.

Gold Ore Exports from Russian Federation

In 2017, the amount of gold ores and concentrates exported from Russia amounted to X tons, remaining relatively unchanged against the previous year. Overall, gold ore exports continue to indicate a strong growth. The growth pace was the most rapid in 2013, when it surged by X% year-to-year. Over the period under review, the gold ore exports attained its peak figure volume of X tons in 2016, leveling off in the following year.

In value terms, gold ore exports stood at $X in 2017. In general, gold ore exports continue to indicate a relatively flat trend pattern. Over the period under review, the gold ore exports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Gold Ore Exports by Country from Russian Federation

In 2017, Australia (X tons) was the largest exporter for gold ores and concentrates, constituting X% of total exports. It was distantly followed by Russia (X tons), Turkey (X tons) and Tanzania (X tons), together making up X% share of total exports. The following exporters - Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest gold ore supplier from Russia, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Australia amounted to +X%. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in Russian Federation

The gold ore export price in Russia stood at $X per ton in 2017, coming up by X% against the previous year. Overall, gold ore export price continues to indicate an abrupt shrinkage. The pace of growth was the most pronounced in 2014, an increase of X% year-to-year. Russia export price peaked of $X per kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Gold Ore Imports into Russian Federation

In 2017, the amount of gold ores and concentrates imported into Russia totaled X tons, increasing by X% against the previous year. Overall, gold ore imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015, when imports increased by X% against the previous year. Russia imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, gold ore imports totaled $X in 2017. Overall, the total imports indicated a conspicuous growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gold ore imports increased by +X% against 2011 indices. Over the period under review, the gold ore imports attained its peak figure level in 2017, and are likely to continue its growth in the immediate term.

Gold Ore Imports by Country into Russian Federation

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) represented the key importers of gold ores and concentrates, together committing X% of total imports. The following importers - the Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gold ores and concentrates into Russia, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, gold ore imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in Russian Federation

In 2017, the gold ore import price in Russia amounted to $X per ton, dropping by -X% against the previous year. In general, gold ore import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for gold ores and concentrates reached its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was the Philippines ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform