Price for Coin (Other than Gold Coin), Not Being Legal Tender in Kenya - 2023

Contents:

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

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

The average import price for coin (other than gold coin), not being legal tender stood at $92,130 per ton in 2022, declining by -76.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 1,008%. As a result, import price attained the peak level of $394,569 per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($237,000 per ton), while the price for the United States ($2,000 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by India (+107.1%), 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 Kenya (FOB) - 2022

The average export price for coin (other than gold coin), not being legal tender stood at $97,500 per ton in 2021, dropping by -47.4% against the previous year. In general, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2013 an increase of 130% against the previous year. Over the period under review, the average export prices hit record highs at $185,500 per ton in 2020, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Uganda ($402,000 per ton), while the average price for exports to Peru ($80,000 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+66.9%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of coin (other than gold coin), not being legal tender decreased by -80.2% to 23 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 2,220% against the previous year. As a result, imports attained the peak of 116 kg, and then shrank remarkably in the following year.

In value terms, imports of coin (other than gold coin), not being legal tender contracted markedly to $2.1K in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 25,613% against the previous year. As a result, imports reached the peak of $46K, and then reduced dramatically in the following year.

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

1. United Kingdom (18.0 kg)
2. United States (1.0 kg)
3. India (1.0 kg)
4. China (1.0 kg)
5. Switzerland (1.0 kg)

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

In 2021, approx. 8 kg of coin (other than gold coin), not being legal tender were exported from Kenya; rising by 100% against the previous year. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of coin (other than gold coin), not being legal tender rose remarkably to $780 in 2021. The total export value increased at an average annual rate of +5.1% over the period from 2020 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Uganda (1.0 kg)
2. Germany (1.0 kg)
3. Chile (1.0 kg)
4. Peru (1.0 kg)

Source: IndexBox Market Intelligence Platform