Austria: Gold Market 2022

Gold Market Size in Austria

In 2021, the Austrian gold market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a remarkable increase. Gold consumption peaked in 2021 and is likely to see gradual growth in years to come.

Gold Exports

Exports from Austria

In 2021, the amount of gold exported from Austria skyrocketed to X tons, rising by X% on the year before. In general, exports recorded a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, gold exports soared to $X in 2021. Over the period under review, exports saw a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for gold exports from Austria, with a X% share of total exports. Moreover, gold exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and the Czech Republic (-X% per year).

In value terms, Germany ($X) remains the key foreign market for gold exports from Austria, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and the Czech Republic (+X% per year).

Export Prices by Country

The average gold export price stood at $X per kg in 2021, with an increase of X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Imports

Imports into Austria

In 2021, approx. X tons of gold were imported into Austria; with an increase of X% compared with 2020. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, gold imports skyrocketed to $X in 2021. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), Switzerland (X tons) and the UK (X tons) were the main suppliers of gold imports to Austria, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest gold suppliers to Austria were Germany ($X), Switzerland ($X) and the UK ($X), with a combined X% share of total imports.

The UK, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average gold import price stood at $X per kg in 2021, picking up by X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gold import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per kg), while the price for Switzerland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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