Coin Price in Latvia - 2023

Coin Price in Latvia (CIF) - 2022

In 2022, the average coin import price amounted to $929,291 per ton, rising by 6.3% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. The import price peaked at $1,044,789 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 Lithuania ($1,205,303 per ton), while the price for China ($105,167 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Coin Price in Latvia (FOB) - 2022

In 2022, the average coin export price amounted to $636,188 per ton, dropping by -20.6% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43% against the previous year. The export price peaked at $1,144,393 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($973,537 per ton), while the average price for exports to Sweden ($50,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Imports in Latvia

For the fourth consecutive year, Latvia recorded growth in supplies from abroad of coins, which increased by 23% to 1.7 tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 45%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, coin imports skyrocketed to $1.5M in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Coin in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	176	71.8	0.1	717	59.7%
Estonia	105	179	162	318	44.7%
Poland	55.7	162	313	301	75.5%
Germany	308	259	288	151	-21.1%
Bulgaria	N/A	62.7	116	47.7	-12.8%
China	N/A	N/A	N/A	3.2	0%
Netherlands	48.8	70.2	296	N/A	146.3%
Others	0.3	76.3	9.4	6.2	174.4%
Total	694	880	1,185	1,544	30.5%

Top Suppliers of Coin to Latvia in 2022:

Lithuania (595.0 kg)
Poland (415.0 kg)
Estonia (402.0 kg)
Germany (160.0 kg)
Bulgaria (50.0 kg)
China (30.0 kg)

Coin Exports in Latvia

In 2022, approx. 256 kg of coins were exported from Latvia; increasing by 20% compared with the year before. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, coin exports fell to $163K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 121%. As a result, the exports reached the peak of $171K, and then fell in the following year.

Export of Coin in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	16.8	28.1	35.5	42.0	35.7%
Lithuania	4.0	21.5	7.2	39.9	115.3%
Germany	20.6	11.3	17.8	28.0	10.8%
Netherlands	11.9	9.4	94.6	25.0	28.1%
Austria	4.7	3.3	3.6	7.2	15.3%
Spain	0.1	1.9	4.9	5.3	275.6%
Poland	0.1	0.5	0.3	4.7	260.9%
Portugal	N/A	N/A	0.3	2.0	566.7%
Sweden	N/A	N/A	0.1	0.3	200.0%
Others	5.1	1.2	6.5	8.5	18.6%
Total	63.3	77.2	171	163	37.1%