Gold Compounds Price in Greece - 2023

Gold Compounds Price in Greece (CIF) - 2022

In 2022, the average gold compounds import price amounted to $6,385,836 per ton, growing by 668% against the previous year. Over the period under review, the import price showed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($35,344,297 per ton), while the price for Cyprus ($244,464 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+58.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Gold Compounds Price in Greece (FOB) - 2022

In 2022, the average gold compounds export price amounted to $164,591 per ton, rising by 3.1% against the previous year. In general, the export price, however, continues to indicate a significant decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 78%. Over the period under review, the average export prices attained the maximum at $6,316,619 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cyprus.

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to +12.5% per year.

Gold Compounds Imports in Greece

Gold compounds imports into Greece fell notably to 268 kg in 2022, which is down by -86.3% compared with the previous year. In general, imports showed a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 99%.

In value terms, gold compounds imports totaled $1.7M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Gold Compounds in Greece (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	985	801	1,078	1,308	9.9%
Germany	283	278	506	315	3.6%
Cyprus	N/A	N/A	1.3	6.8	423.1%
Italy	268	85.5	42.1	N/A	-60.4%
Others	1.2	N/A	0.1	81.7	308.3%
Total	1,537	1,164	1,628	1,711	3.6%

Top Suppliers of Gold Compounds to Greece in 2022:

Germany (200.0 kg)
Spain (37.0 kg)
Cyprus (28.0 kg)

Gold Compounds Exports in Greece

In 2022, the amount of gold compoundses exported from Greece rose remarkably to 22 kg, picking up by 10% on the year before. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 400%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, gold compounds exports reached $3.6K in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 345% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.