Slovenia: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Slovenia

In 2022, the Slovene semi-manufactured gold market increased by 37% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Semi-Manufactured Gold Production in Slovenia

In value terms, semi-manufactured gold production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1.1% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Semi-Manufactured Gold Exports

Exports from Slovenia

In 2022, shipments abroad of gold, in semi-manufactured forms decreased by -58% to X kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 62%. The exports peaked at X kg in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, semi-manufactured gold exports fell notably to $X in 2022. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 70%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X kg), Croatia (X kg) and Slovakia (X kg) were the main destinations of semi-manufactured gold exports from Slovenia, together comprising 79% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +45.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Croatia ($X) and Slovakia ($X) were the largest markets for semi-manufactured gold exported from Slovenia worldwide, with a combined 89% share of total exports.

Slovakia, with a CAGR of +76.6%, saw the highest growth rate of the value of exports, among the main countries of destination 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, falling by -15.5% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. The export price peaked at $X per kg in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per kg), while the average price for exports to Austria ($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 Slovakia (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Slovenia

In 2022, overseas purchases of gold, in semi-manufactured forms increased by 39% to X tons, rising for the third consecutive year after two years of decline. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 417% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, semi-manufactured gold imports skyrocketed to $X in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 431%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Switzerland (X kg), Italy (X kg) and Austria (X kg) were the main suppliers of semi-manufactured gold imports to Slovenia, with a combined 86% share 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 +79.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest semi-manufactured gold suppliers to Slovenia were Switzerland ($X), Italy ($X) and Austria ($X), together accounting for 88% of total imports.

In terms of the main suppliers, Austria, with a CAGR of +124.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per kg, rising by 6.6% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, semi-manufactured gold import price increased by +52.4% against 2015 indices. The growth pace was the most rapid in 2020 when the average import price increased by 31%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Croatia ($X per kg) and Switzerland ($X per kg), while the price for Germany ($X per kg) and Italy ($X per kg) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform