Coin Price in Estonia - 2023

Contents:

1. Coin Price in Estonia (CIF) - 2023
2. Coin Price in Estonia (FOB) - 2023
3. Coin Imports in Estonia
4. Coin Exports in Estonia

Coin Price in Estonia (CIF) - 2023

In September 2023, the average coin import price amounted to $9.1M per ton, which is down by -57.2% against the previous month. Over the period under review, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in June 2023 an increase of 604% m-o-m. As a result, import price reached the peak level of $24,230 per kg; afterwards, it flattened through to September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($75.2M per ton), while the price for Lithuania ($933K per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Africa (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Coin Price in Estonia (FOB) - 2023

The average coin export price stood at $28.0M per ton in September 2023, jumping by 132% against the previous month. Over the period under review, the export price posted a resilient increase. The export price peaked at $28.1M per ton in July 2023; afterwards, it flattened through to September 2023.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Latvia ($66.9M per ton), while the average price for exports to Canada ($912K per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Imports in Estonia

In 2022, purchases abroad of coins decreased by -98.6% to 1.9 tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 40,858% against the previous year. As a result, imports reached the peak of 253 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, coin imports contracted dramatically to $2.2M in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 51,859%.

Top Suppliers of Coin to Estonia in 2022:

1. Australia (1497.0 kg)
2. Germany (375.0 kg)
3. China (38.0 kg)

Coin Exports in Estonia

In 2022, after three years of growth, there was significant decline in shipments abroad of coins, when their volume decreased by -49% to 55 tons. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 6,480%.

In value terms, coin exports reduced rapidly to $51M in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 8,597%. As a result, the exports reached the peak of $188M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Coin from Estonia in 2022:

1. Netherlands (25.4 tons)
2. Poland (18.9 tons)
3. Russia (5.1 tons)
4. Czech Republic (2.7 tons)
5. Slovakia (1.1 tons)
6. Spain (0.4 tons)
7. Latvia (0.3 tons)
8. Belgium (0.2 tons)
9. Croatia (0.1 tons)

Source: IndexBox Market Intelligence Platform