Estonia: Gold Market 2020

Gold Market Size in Estonia

The revenue of the gold market in Estonia amounted to $X in 2018, rising by X% against the previous year. Over the period under review, gold consumption continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when the market value increased by X% y-o-y. Over the period under review, the gold market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Gold Production in Estonia

In value terms, gold production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, gold production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when production volume increased by X% y-o-y. Over the period under review, gold production reached its peak figure level at $X in 2010; however, from 2011 to 2018, production stood at a somewhat lower figure.

Gold Exports

Exports from Estonia

In 2018, the gold exports from Estonia totaled X tons, increasing by X% against the previous year. Over the period under review, gold exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Estonia exports peaked at X tons in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, gold exports stood at $X in 2018. Over the period under review, gold exports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, gold exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Switzerland (X tons) and China, Hong Kong SAR (X tons) represented roughly X% of total exports of gold including gold plated with platinum in 2018. Mexico (X tons) ranks next in terms of the total exports with a X% share, followed by the U.S. (X%) and Argentina (X%). The following exporters - the United Arab Emirates (X tons), Australia (X tons), Canada (X tons), Peru (X tons), Singapore (X tons), Ghana (X tons) and Japan (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), China, Hong Kong SAR ($X) and the U.S. ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

Among the main exporting countries, China, Hong Kong SAR recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The gold export price in Estonia stood at $X per ton in 2018, standing approx. at the previous year. In general, the gold export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. Estonia export price peaked in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the United Arab Emirates ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Gold Imports

Imports into Estonia

In 2018, the gold imports into Estonia amounted to X tons, rising by X% against the previous year. Over the period under review, gold imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Estonia imports peaked at X tons in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, gold imports amounted to $X in 2018. Over the period under review, gold imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, gold imports reached their peak figure at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Switzerland (X tons), distantly followed by China (X tons), India (X tons), the UK (X tons), China, Hong Kong SAR (X tons), Turkey (X tons) and the United Arab Emirates (X tons) represented the largest importers of gold including gold plated with platinum, together generating X% of total imports. Thailand (X tons), the U.S. (X tons), Canada (X tons) and Italy (X tons) took a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), China ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

In terms of the main importing countries, China recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The gold import price in Estonia stood at $X per ton in 2018, remaining stable against the previous year. In general, the gold import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for gold including gold plated with platinum reached their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform