Coin Price in Oman - 2021

Contents:

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

Coin Price in Oman (CIF) - 2022

The average coin import price stood at $231,467 per ton in 2022, with a decrease of -2.8% against the previous year. Overall, the import price, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2015 an increase of 129%. Over the period under review, average import prices attained the peak figure at $382,012 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 the UK ($691,124 per ton), while the price for the United Arab Emirates ($56,430 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+82.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Coin Price in Oman (FOB) - 2022

In 2021, the average coin export price amounted to $67,667 per ton, dropping by -80.7% against the previous year. In general, the export price, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9,931%. As a result, the export price reached the peak level of $351,071 per ton, and then declined dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($157,000 per ton), while the average price for exports to Peru amounted to $49,800 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+5,623.7%).

Coin Imports in Oman

In 2022, purchases abroad of coins increased by 190% to 647 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a precipitous descent.

In value terms, coin imports surged to $150K in 2022. In general, imports, however, continue to indicate a sharp decline.

Top Suppliers of Coin to Oman in 2022:

1. United Arab Emirates (342.0 kg)
2. Switzerland (109.0 kg)
3. United Kingdom (97.0 kg)
4. Canada (91.0 kg)

Coin Exports in Oman

After two years of growth, shipments abroad of coins decreased by -57.1% to 6 kg in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 133% against the previous year. As a result, the exports attained the peak of 14 kg, and then fell rapidly in the following year.

In value terms, coin exports shrank sharply to $406 in 2021. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 23,305% against the previous year. As a result, the exports reached the peak of $4.9K, and then dropped significantly in the following year.

Top Export Markets for Coin from Oman in 2022:

1. Peru (5.0 kg)
2. Saudi Arabia (1.0 kg)

Source: IndexBox Market Intelligence Platform