Coin Price in Ecuador - 2022

Contents:

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

Coin Price in Ecuador (CIF) - 2022

In 2022, the average coin import price amounted to $14,036 per ton, growing by 66% against the previous year. Over the period under review, the import price, however, saw a significant decrease. The import price peaked at $268,975 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,923 per ton), while the price for Spain ($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 China (-10.9%), while the prices for the other major suppliers experienced a decline.

Coin Price in Ecuador (FOB) - 2022

In 2022, the average coin export price amounted to $360,571 per ton, rising by 20% against the previous year. In general, the export price enjoyed a strong increase. The growth pace was the most rapid in 2017 an increase of 589%. The export price peaked at $570,500 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +10.1% per year.

Coin Imports in Ecuador

In 2022, after three years of growth, there was significant decline in overseas purchases of coins, when their volume decreased by -52.1% to 277 kg. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 412% against the previous year. As a result, imports reached the peak of 578 kg, and then fell remarkably in the following year.

In value terms, coin imports fell sharply to $3.9K in 2022. In general, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. As a result, imports attained the peak of $4.9K, and then fell dramatically in the following year.

Top Suppliers of Coin to Ecuador in 2022:

1. United States (26.0 kg)
2. China (1.0 kg)
3. Spain (1.0 kg)

Coin Exports in Ecuador

After three years of growth, overseas shipments of coins decreased by -46.2% to 7 kg in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 550% against the previous year. As a result, the exports attained the peak of 13 kg, and then fell remarkably in the following year.

In value terms, coin exports reduced sharply to $2.5K in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 476% against the previous year.

Top Export Markets for Coin from Ecuador in 2022:

1. Spain (7.0 kg)

Source: IndexBox Market Intelligence Platform