Gold Compounds Price in the Czech Republic - 2023

Gold Compounds Price in the Czech Republic (CIF) - 2023

In August 2023, the average gold compounds import price amounted to $46.5M per ton, picking up by 11% against the previous month. Overall, the import price posted a strong increase. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 2,048% against the previous month. As a result, import price attained the peak level of $771K per kg. From March 2023 to August 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($47.4M per ton), while the price for Italy stood at $44.1M per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+10.1%).

Gold Compounds Price in the Czech Republic (FOB) - 2023

The average gold compounds export price stood at $14.4M per ton in August 2023, reducing by -13.5% against the previous month. Over the period under review, export price indicated measured growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, gold compounds export price increased by +30.0% against April 2023 indices. The pace of growth was the most pronounced in January 2023 when the average export price increased by 53% against the previous month. As a result, the export price reached the peak level of $17,357 per kg; afterwards, it flattened through to August 2023.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Slovakia ($17.5M per ton), while the average price for exports to Poland ($5.2M per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gold Compounds Imports in the Czech Republic

In 2022, the amount of gold compoundses imported into the Czech Republic surged to 1.2 tons, with an increase of 22% compared with 2021. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 48%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, gold compounds imports dropped to $29M in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, imports reached the peak of $31M, and then declined in the following year.

Import of Gold Compounds in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	21.1	23.9	29.7	21.5	0.6%
Italy	N/A	N/A	0.6	7.1	1083.3%
Others	0.2	0.1	0.3	0.2	0.0%
Total	21.3	24.0	30.6	28.9	10.7%

Top Suppliers of Gold Compounds to the Czech Republic in 2022:

Germany (1001.0 kg)
Italy (169.0 kg)

Gold Compounds Exports in the Czech Republic

In 2022, the amount of gold compoundses exported from the Czech Republic dropped notably to 489 kg, shrinking by -25.8% compared with the previous year's figure. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year.

In value terms, gold compounds exports fell sharply to $4.6M in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. As a result, the exports attained the peak of $6.4M, and then reduced remarkably in the following year.

Export of Gold Compounds in the Czech Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	2,476	2,607	2,472	1,502	-15.3%
Slovakia	616	474	1,011	1,204	25.0%
Germany	221	268	334	617	40.8%
Vietnam	106	182	214	283	38.7%
Poland	360	310	452	237	-13.0%
France	117	88.2	140	189	17.3%
United Kingdom	1,069	469	619	102	-54.3%
Portugal	34.4	24.5	36.3	62.9	22.3%
Italy	117	97.7	141	52.8	-23.3%
Armenia	N/A	N/A	N/A	49.3	0%
Russia	216	332	415	48.9	-39.1%
Belarus	31.9	83.4	78.6	39.2	7.1%
Egypt	197	N/A	42.3	N/A	-53.7%
Others	213	390	467	210	-0.5%
Total	5,776	5,326	6,422	4,596	-7.3%