Coin Price in Ethiopia - 2022

Contents:

1. Coin Price in Ethiopia (CIF) - 2022
2. Coin Price in Ethiopia (FOB) - 2022
3. Coin Imports in Ethiopia
4. Coin Exports in Ethiopia

Coin Price in Ethiopia (CIF) - 2022

The average coin import price stood at $995,967 per ton in 2022, approximately reflecting the previous year. Overall, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 55%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($1,411,730 per ton), while the price for Finland stood at $447,175 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+106.5%).

Coin Price in Ethiopia (FOB) - 2022

The average coin export price stood at $100,000 per ton in 2022, falling by -63.4% against the previous year. Over the period under review, the export price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum at $1,003,000 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2013 to 2022, the rate of growth in terms of prices for Poland amounted to 0.0% per year.

Coin Imports in Ethiopia

For the fourth consecutive year, Ethiopia recorded growth in overseas purchases of coins, which increased by 90% to 600 kg in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, coin imports soared to $598K in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 90% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Coin to Ethiopia in 2022:

1. Canada (341.0 kg)
2. Finland (257.0 kg)

Coin Exports in Ethiopia

In 2022, shipments abroad of coins decreased by 0% to 1 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 200%. As a result, the exports attained the peak of 3 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coin exports shrank markedly to $100 in 2022. Over the period under review, exports showed a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 256%. As a result, the exports reached the peak of $1K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Coin from Ethiopia in 2022:

1. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform