Gold Compounds Price in Serbia - 2023

Contents:

1. Gold Compounds Price in Serbia (CIF) - 2022
2. Gold Compounds Price in Serbia (FOB) - 2022
3. Gold Compounds Imports in Serbia
4. Gold Compounds Exports in Serbia

Gold Compounds Price in Serbia (CIF) - 2022

The average gold compounds import price stood at $2,904,909 per ton in 2022, declining by -59.7% against the previous year. Overall, the import price, however, posted prominent growth. The pace of growth was the most pronounced in 2017 an increase of 974% against the previous year. Over the period under review, average import prices hit record highs at $7,201,125 per ton in 2021, and then declined sharply in the following year.

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 Germany ($12,604,250 per ton), while the price for the UK ($242,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+7,468.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Gold Compounds Price in Serbia (FOB) - 2022

In 2022, the average gold compounds export price amounted to $2,855,000 per ton, remaining stable against the previous year. In general, the export price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2016 an increase of 50% against the previous year. Over the period under review, the average export prices hit record highs at $4,526,500 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($5,096,000 per ton), while the average price for exports to Bosnia and Herzegovina stood at $614,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (-2.6%).

Gold Compounds Imports in Serbia

For the fourth year in a row, Serbia recorded growth in purchases abroad of gold compoundses, which increased by 38% to 22 kg in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 67%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, gold compounds imports declined significantly to $64K in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 410% against the previous year.

Top Suppliers of Gold Compounds to Serbia in 2022:

1. Slovenia (14.0 kg)
2. Germany (4.0 kg)
3. United States (1.0 kg)
4. Italy (1.0 kg)
5. United Kingdom (1.0 kg)
6. Belgium (1.0 kg)

Gold Compounds Exports in Serbia

Gold compounds exports from Serbia was estimated at 2 kg in 2022, standing approx. at 2021. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, gold compounds exports stood at $5.7K in 2022. Overall, exports recorded a relatively flat trend pattern.

Top Export Markets for Gold Compounds from Serbia in 2022:

1. Bosnia and Herzegovina (1.0 kg)
2. North Macedonia (1.0 kg)

Source: IndexBox Market Intelligence Platform