Coin Price in Kenya - 2022

Contents:

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

Coin Price in Kenya (CIF) - 2022

In 2022, the average coin import price amounted to $308,700 per ton, reducing by -62.2% against the previous year. Overall, the import price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 227%. As a result, import price attained the peak level of $817,321 per ton, and then plummeted in the following year.

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 India ($427,891 per ton), while the price for the United States amounted to $46,480 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.9%).

Coin Price in Kenya (FOB) - 2022

In 2022, the average coin export price amounted to $55,294 per ton, dropping by -3.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 204% against the previous year. The export price peaked at $67,227 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($553,000 per ton), while the average price for exports to Germany stood at $24,188 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+63.7%).

Coin Imports in Kenya

In 2022, the amount of coins imported into Kenya skyrocketed to 80 kg, surging by 186% compared with the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, coin imports rose rapidly to $25K in 2022. In general, imports, however, continue to indicate a pronounced slump.

Top Suppliers of Coin to Kenya in 2022:

1. India (55.0 kg)
2. United States (25.0 kg)

Coin Exports in Kenya

In 2022, after two years of decline, there was significant growth in overseas shipments of coins, when their volume increased by 143% to 17 kg. Overall, exports, however, continue to indicate a sharp shrinkage.

In value terms, coin exports soared to $940 in 2022. In general, exports, however, recorded a deep setback.

Top Export Markets for Coin from Kenya in 2022:

1. Germany (16.0 kg)
2. Uganda (1.0 kg)

Source: IndexBox Market Intelligence Platform