Coin Price in Luxembourg - 2023

Coin Price in Luxembourg (CIF) - 2023

The average coin import price stood at $674K per ton in July 2023, falling by -9.6% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 164% month-to-month. The import price peaked at $746K per ton in June 2023, and then contracted in the following month.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was France ($752K per ton), while the price for Germany ($657K per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Coin Price in Luxembourg (FOB) - 2022

In 2022, the average coin export price amounted to $190,353 per ton, dropping by -42.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of 109%. The export price peaked at $569,958 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($278,876 per ton), while the average price for exports to the UK ($54,000 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 Germany (-6.9%), while the prices for the other major destinations experienced a decline.

Coin Imports in Luxembourg

In 2022, after three years of growth, there was significant decline in supplies from abroad of coins, when their volume decreased by -97.9% to 151 kg. Over the period under review, imports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 264%.

In value terms, coin imports fell dramatically to $87K in 2022. In general, imports recorded a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 352%.

Import of Coin in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	6.0	373	1,846	42.6	92.2%
France	44.8	212	1,151	18.7	-25.3%
Germany	11.0	737	569	10.7	-0.9%
Denmark	33.3	117	87.4	10.6	-31.7%
United States	6.4	326	267	2.2	-29.9%
Belgium	607	49.6	68.8	1.4	-86.8%
Switzerland	53.4	672	38.2	N/A	-15.4%
Others	16.5	1,034	481	0.9	-62.1%
Total	778	3,521	4,508	87.1	-51.8%

Top Suppliers of Coin to Luxembourg in 2022:

Austria (68.0 kg)
France (32.0 kg)
Germany (18.0 kg)
Denmark (17.0 kg)
United States (9.0 kg)
Belgium (2.0 kg)

Coin Exports in Luxembourg

In 2022, shipments abroad of coins decreased by -97.7% to 278 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 1,340% against the previous year. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, coin exports dropped markedly to $53K in 2022. Over the period under review, exports faced a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 2,090% against the previous year. As a result, the exports reached the peak of $5.9M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Coin in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	136	4,842	3,102	33.7	-37.2%
Switzerland	27.9	N/A	N/A	17.9	-13.8%
Belgium	N/A	N/A	N/A	1.2	0%
United Kingdom	108	1,022	N/A	0.1	-90.3%
Austria	N/A	N/A	910	N/A	0%
Others	0.2	77.0	N/A	N/A	38400.0%
Total	271	5,941	4,013	52.9	-42.0%