Coin Price in Azerbaijan - 2022

Contents:

1. Coin Price in Azerbaijan (FOB) - 2022
2. Coin Price in Azerbaijan (CIF) - 2022
3. Coin Exports in Azerbaijan
4. Coin Imports in Azerbaijan

Coin Price in Azerbaijan (FOB) - 2022

The average coin export price stood at $416,500 per ton in 2022, falling by -11.6% against the previous year. In general, the export price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 87%. The export price peaked at $471,000 per ton in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +37.1% per year.

Coin Price in Azerbaijan (CIF) - 2022

The average coin import price stood at $21,500 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price saw a significant curtailment. The pace of growth appeared the most rapid in 2016 a decrease of -68.1% against the previous year. The import price peaked at $4,424,062 per ton in 2015; however, from 2016 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 ($42,000 per ton), while the price for Georgia ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-23.2%).

Coin Exports in Azerbaijan

For the third consecutive year, Azerbaijan recorded decline in shipments abroad of coins, which decreased by 0% to 2 kg in 2022. Overall, exports continue to indicate a precipitous curtailment. The smallest decline of -33.3% was in 2020.

In value terms, coin exports shrank to $833 in 2022. Over the period under review, exports saw a significant curtailment.

Top Export Markets for Coin from Azerbaijan in 2022:

1. Georgia (1.0 kg)

Coin Imports in Azerbaijan

In 2022, the amount of coins imported into Azerbaijan totaled 4 kg, approximately reflecting the previous year. Overall, imports continue to indicate a sharp slump. The smallest decline of -95.9% was in 2020.

In value terms, coin imports stood at $86 in 2022. In general, imports showed a dramatic setback. The smallest decline of -99.8% was in 2020.

Top Suppliers of Coin to Azerbaijan in 2022:

1. Poland (1.0 kg)
2. Georgia (1.0 kg)
3. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform