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

Contents:

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

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

In 2022, the average export price for coin (other than gold coin), not being legal tender amounted to $796,687 per ton, growing by 9.7% against the previous year. In general, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 189% against the previous year. Over the period under review, the average export prices reached the peak figure at $835,531 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($990,478 per ton), while the average price for exports to Australia ($462,257 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 Canada (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for coin (other than gold coin), not being legal tender stood at $291,206 per ton in 2022, falling by -38.4% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 639% against the previous year. As a result, import price attained the peak level of $6,281 per kg. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($974,575 per ton), while the price for the United States ($101,943 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+52.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the amount of coin (other than gold coin), not being legal tender exported from India surged to 5.8 tons, increasing by 20% against the previous year. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of coin (other than gold coin), not being legal tender soared to $4.6M in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Coin (Other than Gold Coin), Not Being Legal Tender in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4014579561,17042.9%
United Arab Emirates3747523544022.4%
Canada37.657.722626491.5%
Singapore15.836.526.6196131.5%
Australia2.815.734.695.2224.0%
United Kingdom28.336.970.760.028.5%
Hong Kong SAR27.27.729.847.220.2%
Others1,0561,4661,8022,37331.0%
Total1,9432,8293,4994,60633.3%

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

  1. United States (1181.0 kg)
  2. United Arab Emirates (596.0 kg)
  3. Canada (407.0 kg)
  4. Singapore (271.0 kg)
  5. Australia (206.0 kg)
  6. United Kingdom (74.0 kg)
  7. Hong Kong SAR (61.0 kg)

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

In 2022, imports of coin (other than gold coin), not being legal tender into India surged to 840 kg, with an increase of 1,853% on 2021 figures. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of coin (other than gold coin), not being legal tender surged to $245K in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Coin (Other than Gold Coin), Not Being Legal Tender in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands19.9N/AN/A39.025.1%
SwitzerlandN/AN/A0.139.038900.0%
United States9.31.42.726.742.1%
Germany25.1N/A4.216.9-12.4%
ChinaN/A0.80.40.7-6.5%
SloveniaN/AN/A0.2N/A0%
Others64.73.012.712223.5%
Total1195.220.324527.2%

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

  1. United States (262.0 kg)
  2. Netherlands (55.0 kg)
  3. Switzerland (40.0 kg)
  4. Germany (34.0 kg)
  5. China (4.0 kg)

Source: IndexBox Market Intelligence Platform

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