CIS: Gold Ore Market Overview 2020

Gold Ore Market Size in CIS

The revenue of the gold ore market in CIS amounted to $X in 2017, surging by X% against the previous year. The gold ore consumption continues to indicate a deep slump. The pace of growth appeared the most rapid in 2014, when it surged by X% y-o-y. Over the period under review, the gold ore market attained its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Gold Ore Production in CIS

In 2017, approx. X tonnes of gold ores and concentrates were produced in CIS; approximately reflecting the previous year. The gold ore production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when it surged by X% year-to-year. Over the period under review, the gold ore production attained its maximum volume in 2017, and is likely to see steady growth in the immediate term.

Gold Ore Exports

Exports in CIS

In 2017, gold ore exports in CIS totaled X tonnes, going down by -X% against the previous year. The gold ore exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013, when exports increased by X% against the previous year. Over the period under review, the gold ore exports attained its maximum volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, gold ore exports stood at $X in 2017. The gold ore exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Exports by Country

Russia dominates gold ore exports structure, recording X tonnes, which was approx. X% of total exports in 2017. Kazakhstan (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Kyrgyzstan (X%).

Russia was also the fastest growing in terms of the gold ores and concentrates exports, with a CAGR of +X% from 2007 to 2017. At the same time, Kazakhstan (+X%) and Kyrgyzstan (+X%) displayed positive paces of growth. From 2007 to 2017, the share of Kazakhstan and Russia decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest gold ore supplier in CIS, making up X% of global exports. The second position in the ranking was occupied by Kyrgyzstan ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

In Russia, gold ore exports remained relatively stable over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (+X% per year) and Kazakhstan (+X% per year).

Export Prices by Country

The gold ore export price in CIS stood at $X per tonne in 2017, growing by X% against the previous year. The gold ore export price continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2014, when the export prices increased by X% against the previous year. Over the period under review, the export prices for gold ores and concentrates attained its maximum level of $X per tonne in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Russia ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Kyrgyzstan (+X% per year), while the other leaders experienced a decline in the export price figures.

Gold Ore Imports

Imports in CIS

The imports stood at X tonnes in 2017, lowering by -X% against the previous year. The gold ore imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014, when imports increased by X% y-o-y. The volume of imports peaked of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, gold ore imports stood at $X in 2017. The total imports indicated a strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gold ore imports decreased by -X% against 2015 indices. Over the period under review, the gold ore imports reached its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Imports by Country

Kazakhstan was the major importing country with an import of about X tonnes, which finished at X% of total imports. Russia (X tonnes) ranks second in terms of the global imports with a X% share, followed by Belarus (X%).

Imports into Kazakhstan increased at an average annual rate of +X% from 2007 to 2017. At the same time, Belarus (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest growing importer in CIS, with a CAGR of +X% from 2007-2017. While the share of Belarus (-X%), Russia (-X%) and Kazakhstan (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported gold ores and concentrates in CIS, making up X% of global imports. The second position in the ranking was occupied by Russia ($X), with a X% share of global imports. It was followed by Belarus, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Kazakhstan stood at +X%. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Belarus (+X% per year).

Import Prices by Country

The gold ore import price in CIS stood at $X per kg in 2017, falling by -X% against the previous year. The gold ore import price continues to indicate a slight deduction. The pace of growth appeared the most rapid in 2014, when the import prices increased by X% year-to-year. Over the period under review, the import prices for gold ores and concentrates reached its peak figure level of $X per kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Kazakhstan ($X per kg), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Belarus (X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform