In 2023, Belgium significantly led the European import of gold unwrought or in powder form for non-monetary use, holding a substantial share at 65.15%, with Germany and Italy trailing at 11.34% and 8.92%, respectively. The year-on-year trend indicated that Belgium experienced a noteworthy increase of 9.26%, while Germany saw a marginal rise of 0.92%. Conversely, Italy and Austria observed declines of 7.64% and 12.5%, respectively. The compound annual growth rate (CAGR) over the past five years for Belgium was positive, while other countries showed mixed growth patterns.
Future trends to watch include:
- Belgium's continued dominance and potential further growth, driven by robust demand and trading activities.
- Monitoring shifts among Germany and Italy, as slight changes in economic or geopolitical factors could affect their positions.
- The impact of global economic conditions on lesser importers like Austria and the Netherlands.
- Opportunities for other countries to increase their shares through strategic trade agreements or policy changes.
Top countries in Import of Gold Unwrought or in Powder Form for Non-Monetary Use Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 65.15 | 2023 | +5.23% | +9.26% | View data |
| 2 | 2 Germany | 11.34 | 2023 | +0.94% | +0.92% | View data |
| 3 | 3 Italy | 8.92 | 2023 | -6.36% | -7.64% | View data |
| 4 | 4 France | 5.73 | 2023 | +2.84% | -1.53% | View data |
| 5 | 5 Austria | 1.4 | 2023 | -10.71% | -12.5% | View data |
| 6 | 6 Netherlands | 1.04 | 2023 | -11.27% | +6.54% | View data |
| 7 | 7 Ireland | 0.53 | 2023 | +5.66% | +0.24% | View data |
| 8 | 8 Denmark | 0.44 | 2023 | +6.07% | +3.68% | View data |
| 9 | 9 Estonia | 0.25 | 2023 | +3.53% | +3.61% | View data |
| 10 | 10 Slovakia | 0.23 | 2023 | +3.07% | -1.78% | View data |
