Slovakia: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Slovakia

The Slovak semi-manufactured gold market skyrocketed to $X in 2022, picking up by 417% against the previous year. Over the period under review, consumption enjoyed strong growth. Semi-manufactured gold consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Semi-Manufactured Gold Production in Slovakia

In value terms, semi-manufactured gold production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Semi-Manufactured Gold Exports

Exports from Slovakia

For the fourth year in a row, Slovakia recorded decline in shipments abroad of gold, in semi-manufactured forms, which decreased by -82.8% to X kg in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 196%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, semi-manufactured gold exports dropped significantly to $X in 2022. Overall, exports faced a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of 223% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X kg), the Czech Republic (X kg) and Switzerland (X kg) were the main destinations of semi-manufactured gold exports from Slovakia, together accounting for 75% of total exports. Austria, Slovenia and Italy lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +275.0%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Switzerland ($X) and Slovenia ($X) were the largest markets for semi-manufactured gold exported from Slovakia worldwide, together accounting for 70% of total exports.

In terms of the main countries of destination, Slovenia, with a CAGR of +157.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2022, picking up by 20% against the previous year. Over the period under review, the export price showed a pronounced increase. The pace of growth appeared the most rapid in 2020 an increase of 147%. As a result, the export price attained the peak level of $X per kg. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per kg), while the average price for exports to the Czech Republic ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Slovakia

In 2022, purchases abroad of gold, in semi-manufactured forms was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a strong expansion. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured gold imports soared to $X in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X kg), Austria (X kg) and the Czech Republic (X kg) were the main suppliers of semi-manufactured gold imports to Slovakia, together comprising 3.8% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +14.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X) constituted the largest supplier of gold, in semi-manufactured forms to Slovakia, comprising 15% of total imports. The second position in the ranking was taken by Germany ($X), with a 2.8% share of total imports. It was followed by the Czech Republic, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from Austria stood at +47.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+45.5% per year) and the Czech Republic (-2.7% per year).

Import Prices by Country

The average semi-manufactured gold import price stood at $X per kg in 2022, waning by -79.4% against the previous year. Overall, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 282%. Over the period under review, average import prices reached the maximum at $X per kg in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Austria ($X per kg), while the price for France ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+46.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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