Coin Price in the Dominican Republic - 2023

Contents:

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

Coin Price in the Dominican Republic (CIF) - 2022

The average coin import price stood at $395,000 per ton in 2022, jumping by 563% against the previous year. In general, the import price enjoyed a resilient increase. Over the period under review, average import prices hit record highs at $464,346 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,043,000 per ton), while the price for the United States ($14,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+51.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Coin Price in the Dominican Republic (FOB) - 2022

In 2022, the average coin export price amounted to $907,000 per ton, picking up by 16% against the previous year. Over the period under review, the export price posted a significant expansion. The growth pace was the most rapid in 2020 an increase of 286% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +38.7% per year.

Coin Imports in the Dominican Republic

After two years of decline, overseas purchases of coins decreased by -95.7% to 3 kg in 2022. Overall, imports faced a dramatic contraction.

In value terms, coin imports dropped significantly to $1.2K in 2022. Over the period under review, imports faced a precipitous decline.

Top Suppliers of Coin to the Dominican Republic in 2022:

1. United States (1.0 kg)
2. Germany (1.0 kg)
3. China (1.0 kg)

Coin Exports in the Dominican Republic

For the third consecutive year, the Dominican Republic recorded decline in shipments abroad of coins, which decreased by 0% to 2 kg in 2022. Overall, exports recorded a dramatic shrinkage. The smallest decline of -33.3% was in 2021.

In value terms, coin exports surged to $1.8K in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.1% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 93%. As a result, the exports attained the peak of $2.1K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Coin from the Dominican Republic in 2022:

1. United States (2.0 kg)

Source: IndexBox Market Intelligence Platform