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

Contents:

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

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

In 2022, the average export price for coin (other than gold coin), not being legal tender amounted to $159,253 per ton, increasing by 77% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 an increase of 3,273%. The export price peaked at $1,100,421 per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Germany ($5,148,718 per ton), while the average price for exports to Swaziland ($51,000 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 Austria (+35.9%), 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 South Africa (CIF) - 2022

The average import price for coin (other than gold coin), not being legal tender stood at $644,154 per ton in 2022, with a decrease of -13.4% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 409% against the previous year. The import price peaked at $933,096 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Germany ($1,185,857 per ton), while the price for China ($310,745 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of coin (other than gold coin), not being legal tender was finally on the rise to reach 281 tons after two years of decline. Overall, exports, however, saw a abrupt setback.

In value terms, exports of coin (other than gold coin), not being legal tender surged to $45M in 2022. Over the period under review, exports, however, recorded a deep contraction.

Export of Coin (Other than Gold Coin), Not Being Legal Tender in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany25.62.22.57.9-32.4%
Thailand4.51.00.72.6-16.7%
TanzaniaN/AN/AN/A1.00%
Mauritius0.30.20.20.410.1%
Seychelles0.2N/AN/AN/A0%
Others33.96.86.132.8-1.1%
Total64.510.39.544.8-11.4%

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

  1. Tanzania (16.0 tons)
  2. Thailand (7.5 tons)
  3. Germany (1.5 tons)
  4. Mauritius (1.2 tons)

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

In 2022, approx. 29 tons of coin (other than gold coin), not being legal tender were imported into South Africa; surging by 42% on the year before. In general, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.9% 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 +60.7% against 2020 indices. As a result, imports attained 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 $18M in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 216%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Import of Coin (Other than Gold Coin), Not Being Legal Tender in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.93.97.27.7104.5%
AustriaN/A0.30.10.863.3%
ChinaN/AN/AN/A0.70%
Belgium0.1N/AN/AN/A0%
GermanyN/A0.7N/AN/A0%
Others2.14.97.79.263.6%
Total3.19.815.018.481.1%

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

  1. United States (11.3 tons)
  2. China (2.2 tons)
  3. Austria (1.1 tons)

Source: IndexBox Market Intelligence Platform

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