Coin Price in Lithuania - 2023

Contents:

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

Coin Price in Lithuania (CIF) - 2022

In 2022, the average coin import price amounted to $953,490 per ton, with an increase of 13% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 1,274%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($945,455 per ton), while the price for China ($668,167 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Coin Price in Lithuania (FOB) - 2022

In 2022, the average coin export price amounted to $104,686 per ton, rising by 19% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 48% against the previous year. Over the period under review, the average export prices reached the maximum at $842,694 per ton in 2014; however, from 2015 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 Japan ($1,723,000 per ton), while the average price for exports to France ($32,919 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 Georgia (+1,426.6%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Imports in Lithuania

In 2022, overseas purchases of coins decreased by -90.5% to 988 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 426% against the previous year.

In value terms, coin imports contracted dramatically to $942K in 2022. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 7,119%.

Top Suppliers of Coin to Lithuania in 2022:

1. United Kingdom (953.0 kg)
2. United States (16.0 kg)
3. China (6.0 kg)

Coin Exports in Lithuania

In 2022, overseas shipments of coins decreased by -53.4% to 33 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 651%.

In value terms, coin exports dropped dramatically to $3.5M in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 368%.

Top Export Markets for Coin from Lithuania in 2022:

1. Germany (18.2 tons)
2. Latvia (4.4 tons)
3. Estonia (3.3 tons)
4. United States (2.7 tons)
5. Poland (0.8 tons)
6. Slovakia (0.7 tons)
7. Hong Kong SAR (0.6 tons)
8. France (0.5 tons)
9. Belarus (0.1 tons)

Source: IndexBox Market Intelligence Platform