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

Contents:

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

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

In 2022, the average export price for coin (other than gold coin), not being legal tender amounted to $1,268,450 per ton, rising by 1.7% against the previous year. Overall, the export price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2018 an increase of 64% against the previous year. As a result, the export price attained the peak level of $1,898 per kg. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,951,412 per ton), while the average price for exports to Spain amounted to $763,652 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for coin (other than gold coin), not being legal tender amounted to $653,750 per ton, surging by 4.4% against the previous year. Overall, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46% against the previous year. The import price peaked at $918,667 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 the United States ($816,500 per ton), while the price for China amounted to $491,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.7%).

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

In 2022, approx. 40 kg of coin (other than gold coin), not being legal tender were exported from Venezuela; which is down by -20% against the previous year. Overall, exports faced a dramatic contraction.

In value terms, exports of coin (other than gold coin), not being legal tender fell significantly to $51K in 2022. Over the period under review, exports saw a abrupt curtailment. The smallest decline of -18.6% was in 2021.

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

1. Spain (23.0 kg)
2. Germany (17.0 kg)

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

In 2022, imports of coin (other than gold coin), not being legal tender into Venezuela totaled 4 kg, remaining relatively unchanged against the year before. The total import volume increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of coin (other than gold coin), not being legal tender reached $2.6K in 2022. Overall, imports recorded a relatively flat trend pattern.

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

1. United States (2.0 kg)
2. China (2.0 kg)

Source: IndexBox Market Intelligence Platform