Price for Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines - 2024
Contents:
- Price for Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines (CIF) - 2022
- Price for Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines (FOB) - 2022
- Imports of Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines
- Exports of Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines
Price for Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines (CIF) - 2022
In 2022, the average import price for coin (other than gold coin), not being legal tender amounted to $1,004,719 per ton, growing by 103% against the previous year. Over the period under review, the import price posted a significant increase. The pace of growth was the most pronounced in 2018 an increase of 3,272% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
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 ($11,156,125 per ton), while the price for Spain ($237,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+49.7%), 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 the Philippines (FOB) - 2022
The average export price for coin (other than gold coin), not being legal tender stood at $593,238 per ton in 2022, declining by -23.5% against the previous year. In general, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 799% against the previous year. Over the period under review, the average export prices reached the peak figure at $775,050 per ton in 2021, and then shrank notably in the following year.
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 the United States ($682,957 per ton), while the average price for exports to Malaysia amounted to $172,600 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines
In 2022, approx. 203 kg of coin (other than gold coin), not being legal tender were imported into the Philippines; surging by 421% on 2021 figures. Overall, imports, however, recorded a precipitous shrinkage.
In value terms, imports of coin (other than gold coin), not being legal tender soared to $204K in 2022. In general, imports, however, faced a dramatic contraction.
| Import of Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | N/A | N/A | 89.2 | 95.2% |
| United States | 0.8 | N/A | 0.3 | 5.7 | 92.4% |
| Singapore | N/A | N/A | 7.2 | 2.6 | -63.9% |
| Australia | N/A | N/A | 0.6 | 2.4 | 300.0% |
| Canada | 4,130 | N/A | N/A | 1.3 | -93.2% |
| Japan | N/A | N/A | N/A | 0.6 | 0% |
| Spain | N/A | N/A | 0.7 | 0.2 | -71.4% |
| Others | 4,143 | N/A | 10.6 | 102 | -70.9% |
| Total | 8,286 | N/A | 19.3 | 204 | -70.9% |
Top Suppliers of Coin (Other than Gold Coin), Not Being Legal Tender to the Philippines in 2022:
- United States (11.0 kg)
- China (8.0 kg)
- Australia (6.0 kg)
- Singapore (3.0 kg)
- Canada (1.0 kg)
- Japan (1.0 kg)
- Spain (1.0 kg)
Exports of Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines
In 2022, approx. 84 kg of coin (other than gold coin), not being legal tender were exported from the Philippines; rising by 320% against 2021. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,900%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of coin (other than gold coin), not being legal tender skyrocketed to $50K in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 17,317% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Coin (Other than Gold Coin), Not Being Legal Tender in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | N/A | 8.7 | 47.8 | 84.6% |
| Malaysia | N/A | N/A | N/A | 1.7 | 0% |
| Thailand | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Peru | N/A | N/A | 0.2 | N/A | 0% |
| Germany | 2.0 | 0.1 | N/A | N/A | -95.0% |
| Austria | N/A | N/A | 6.0 | N/A | 0% |
| Others | N/A | N/A | 0.4 | 0.2 | -50.0% |
| Total | 9.6 | 0.1 | 15.5 | 49.8 | 73.1% |
Top Export Markets for Coin (Other than Gold Coin), Not Being Legal Tender from the Philippines in 2022:
- United States (70.0 kg)
- Malaysia (10.0 kg)
- Thailand (1.0 kg)
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This report provides an in-depth analysis of the coin market in the Philippines.
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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 the Philippines.
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This report provides an in-depth analysis of the global coin market.
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