Price for Coin (Other than Gold Coin), Not Being Legal Tender in Singapore - 2023
Contents:
- Price for Coin (Other than Gold Coin), Not Being Legal Tender in Singapore (FOB) - 2022
- Price for Coin (Other than Gold Coin), Not Being Legal Tender in Singapore (CIF) - 2022
- Exports of Coin (Other than Gold Coin), Not Being Legal Tender in Singapore
- Imports of Coin (Other than Gold Coin), Not Being Legal Tender in Singapore
Price for Coin (Other than Gold Coin), Not Being Legal Tender in Singapore (FOB) - 2022
In 2022, the average export price for coin (other than gold coin), not being legal tender amounted to $1,047,423 per ton, waning by -15.4% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 88% against the previous year. As a result, the export price attained the peak level of $1,926 per kg. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($3,483,134 per ton), while the average price for exports to Kuwait ($323,963 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 the United Arab Emirates (+22.3%), 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 Singapore (CIF) - 2022
In 2022, the average import price for coin (other than gold coin), not being legal tender amounted to $450,488 per ton, waning by -66.8% against the previous year. Overall, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of 84% against the previous year. As a result, import price reached the peak level of $1,355,118 per ton, and then reduced notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($1,269,890 per ton), while the price for Taiwan (Chinese) ($183,442 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.0%), while the prices for the other major suppliers experienced a decline.
Exports of Coin (Other than Gold Coin), Not Being Legal Tender in Singapore
Exports of coin (other than gold coin), not being legal tender from Singapore surged to 27 tons in 2022, picking up by 40% against the year before. The total export volume increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $29M in 2022. The total export value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Coin (Other than Gold Coin), Not Being Legal Tender in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.1 | 0.7 | 1.9 | 3.3 | 2.1% |
| Estonia | 4.4 | 9.2 | 5.3 | 3.2 | -10.1% |
| Cambodia | 1.3 | 1.5 | 1.7 | 2.1 | 17.3% |
| Austria | 1.2 | 1.4 | 1.7 | 2.1 | 20.5% |
| Hong Kong SAR | 0.1 | 0.3 | 1.1 | 1.3 | 135.1% |
| Qatar | 0.1 | N/A | 0.6 | 1.2 | 128.9% |
| Germany | 0.7 | 0.6 | 0.8 | 0.9 | 8.7% |
| New Zealand | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Japan | 0.1 | 0.4 | 0.1 | 0.3 | 44.2% |
| Kuwait | 0.3 | 0.2 | N/A | 0.2 | -12.6% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| United Arab Emirates | 0.5 | 0.4 | 0.2 | N/A | -36.8% |
| Others | 10.3 | 12.2 | 10.6 | 13.2 | 8.6% |
| Total | 22.1 | 27.0 | 24.0 | 28.5 | 8.8% |
Top Export Markets for Coin (Other than Gold Coin), Not Being Legal Tender from Singapore in 2022:
- Estonia (6.0 tons)
- Cambodia (2.5 tons)
- United States (2.1 tons)
- Qatar (0.8 tons)
- New Zealand (0.7 tons)
- Austria (0.6 tons)
- Kuwait (0.6 tons)
- Hong Kong SAR (0.4 tons)
- India (0.3 tons)
- Germany (0.3 tons)
- Japan (0.2 tons)
- United Arab Emirates (0.1 tons)
Imports of Coin (Other than Gold Coin), Not Being Legal Tender in Singapore
Imports of coin (other than gold coin), not being legal tender into Singapore surged to 41 tons in 2022, increasing by 30% compared with the previous year's figure. In general, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 57%. As a result, imports attained the peak of 68 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of coin (other than gold coin), not being legal tender reduced sharply to $18M in 2022. Overall, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 92%. As a result, imports reached the peak of $50M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Coin (Other than Gold Coin), Not Being Legal Tender in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.8 | 3.1 | 2.3 | 2.5 | 46.2% |
| United Kingdom | 3.1 | 5.4 | 5.6 | 1.9 | -15.1% |
| Austria | 0.3 | 0.7 | 1.3 | 1.3 | 63.0% |
| South Korea | 1.6 | 1.7 | 1.1 | 0.9 | -17.5% |
| United States | 1.9 | 2.2 | 2.7 | 0.5 | -35.9% |
| Canada | 4.7 | 2.8 | 5.3 | 0.3 | -60.0% |
| China | 0.2 | 0.5 | 0.2 | 0.2 | 0.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Others | 13.4 | 33.4 | 23.9 | 10.7 | -7.2% |
| Total | 25.9 | 49.7 | 42.5 | 18.4 | -10.8% |
Top Suppliers of Coin (Other than Gold Coin), Not Being Legal Tender to Singapore in 2022:
- Australia (5.6 tons)
- United Kingdom (4.4 tons)
- Austria (2.2 tons)
- South Korea (1.7 tons)
- United States (0.7 tons)
- China (0.6 tons)
- Taiwan (Chinese) (0.3 tons)
- Canada (0.2 tons)
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This report provides an in-depth analysis of the coin market in Singapore.
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This report provides an in-depth analysis of the global coin market.
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This report provides an in-depth analysis of the coin market in Singapore.
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This report provides an in-depth analysis of the global coin market.
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