Romania: Gold Market 2022

Gold Market Size in Romania

In 2021, the Romanian gold market decreased by X% to $X, falling for the second year in a row after four years of growth. Overall, consumption continues to indicate a perceptible expansion. Gold consumption peaked in 2021 and is expected to retain growth in years to come.

Gold Production in Romania

In value terms, gold production declined sharply to $X in 2021 estimated in export price. Over the period under review, production saw perceptible growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X, and then fell sharply in the following year.

Gold Exports

Exports from Romania

In 2021, the amount of gold exported from Romania was estimated at X tons, stabilizing at 2020 figures. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, gold exports totaled $X in 2021. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg), Turkey (X kg) and Switzerland (X kg) were the main destinations of gold exports from Romania, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Switzerland (with a CAGR of +X%), while shipments for the other leaders experienced a decline.

In value terms, Italy ($X), Turkey ($X) and Switzerland ($X) were the largest markets for gold exported from Romania worldwide, with a combined X% share of total exports.

Switzerland, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average gold export price stood at $X per kg in 2021, approximately mirroring the previous year. In general, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Italy ($X per kg), while the average price for exports to Turkey ($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 Italy (-X%), while the prices for the other major destinations experienced a decline.

Gold Imports

Imports into Romania

Gold imports into Romania totaled X kg in 2021, remaining relatively unchanged against the previous year's figure. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, gold imports amounted to $X in 2021. Over the period under review, imports faced a deep contraction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Austria (X kg), Italy (X kg) and Germany (X kg) were the main suppliers of gold imports to Romania, with a combined X% share of total imports. These countries were followed by Switzerland and Turkey, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, Austria ($X), Italy ($X) and Germany ($X) were the largest gold suppliers to Romania, together accounting for X% of total imports. Switzerland and Turkey lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average gold import price amounted to $X per kg, approximately reflecting the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per kg in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per kg), while the price for Italy ($X per kg) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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