Price for Coin (Other than Gold Coin), Not Being Legal Tender in Australia - 2024

Contents:

  1. Price for Coin (Other than Gold Coin), Not Being Legal Tender in Australia (CIF) - 2022
  2. Price for Coin (Other than Gold Coin), Not Being Legal Tender in Australia (FOB) - 2022
  3. Imports of Coin (Other than Gold Coin), Not Being Legal Tender in Australia
  4. Exports of Coin (Other than Gold Coin), Not Being Legal Tender in Australia

Price for Coin (Other than Gold Coin), Not Being Legal Tender in Australia (CIF) - 2022

In 2022, the average import price for coin (other than gold coin), not being legal tender amounted to $933,145 per ton, surging by 9.7% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The growth pace was the most rapid in 2017 when the average import price increased by 276%. The import price peaked in 2022 and is likely to continue 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 China ($553,133 per ton), while the price for South Africa ($334,747 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Coin (Other than Gold Coin), Not Being Legal Tender in Australia (FOB) - 2022

In 2022, the average export price for coin (other than gold coin), not being legal tender amounted to $410,776 per ton, picking up by 53% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 206%. As a result, the export price attained the peak level of $1,565 per kg. From 2014 to 2022, the average 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 the United States ($597,633 per ton), while the average price for exports to South Korea ($94,708 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 Vanuatu (+59.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coin (Other than Gold Coin), Not Being Legal Tender in Australia

In 2022, approx. 26 tons of coin (other than gold coin), not being legal tender were imported into Australia; increasing by 47% against the previous year. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 101% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of coin (other than gold coin), not being legal tender skyrocketed to $24M in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 147% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Coin (Other than Gold Coin), Not Being Legal Tender in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom1.03.42.66.586.6%
United States0.70.81.82.348.7%
China0.30.40.90.626.0%
South AfricaN/A0.90.30.5-25.5%
Germany0.41.30.60.3-9.1%
Canada0.10.40.30.226.0%
Others4.29.48.613.848.7%
Total6.716.615.024.253.4%

Top Suppliers of Coin (Other than Gold Coin), Not Being Legal Tender to Australia in 2022:

  1. United Kingdom (15.4 tons)
  2. United States (4.6 tons)
  3. South Africa (1.6 tons)
  4. China (1.1 tons)
  5. Germany (0.6 tons)
  6. Canada (0.3 tons)

Exports of Coin (Other than Gold Coin), Not Being Legal Tender in Australia

Exports of coin (other than gold coin), not being legal tender from Australia skyrocketed to 30 tons in 2022, rising by 46% against the year before. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 147%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of coin (other than gold coin), not being legal tender surged to $12M in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Coin (Other than Gold Coin), Not Being Legal Tender in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Papua New GuineaN/AN/A1,5783,792140.3%
Germany36.41281711,567250.5%
Hong Kong SAR4.970.2114379326.1%
United States10980057.31306.0%
United Kingdom20.139.519645.831.6%
Timor-Leste104N/A118N/A6.5%
Vanuatu26489.3140N/A-27.2%
Others9851,3453,1386,42486.8%
Total1,5232,4735,51212,337100.8%

Top Export Markets for Coin (Other than Gold Coin), Not Being Legal Tender from Australia in 2022:

  1. Papua New Guinea (19.0 tons)
  2. Germany (7.6 tons)
  3. Hong Kong SAR (1.8 tons)
  4. United Kingdom (0.5 tons)
  5. United States (0.2 tons)

Source: IndexBox Market Intelligence Platform

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