Coin Price in Venezuela - 2022

Contents:

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

Coin Price in Venezuela (FOB) - 2022

The average coin export price stood at $1,237,488 per ton in 2022, leveling off at the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices hit record highs at $1,421,886 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,610,250 per ton), while the average price for exports to Costa Rica ($670,875 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Price in Venezuela (CIF) - 2022

In 2022, the average coin import price amounted to $727,250 per ton, rising by 10% against the previous year. Over the period under review, the import price posted notable growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76% against the previous year. Over the period under review, average import prices hit record highs at $1,106,500 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 the United States ($1,009,500 per ton), while the price for China amounted to $445,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.7%).

Coin Exports in Venezuela

In 2022, the amount of coins exported from Venezuela contracted rapidly to 41 kg, with a decrease of -18% compared with the year before. Over the period under review, exports showed a dramatic shrinkage.

In value terms, coin exports dropped sharply to $51K in 2022. In general, exports showed a abrupt descent. The smallest decline of -18.6% was in 2020.

Top Export Markets for Coin from Venezuela in 2022:

1. United States (17.0 kg)
2. Germany (8.0 kg)
3. Costa Rica (8.0 kg)
4. Spain (8.0 kg)

Coin Imports in Venezuela

In 2022, coin imports into Venezuela amounted to 4 kg, approximately mirroring the previous year's figure. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +26.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 100% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, coin imports rose rapidly to $2.9K in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Coin to Venezuela in 2022:

1. United States (2.0 kg)
2. China (2.0 kg)

Source: IndexBox Market Intelligence Platform