Coin Price in Sri Lanka - 2021

Coin Price in Sri Lanka (CIF) - 2022

The average coin import price stood at $663,780 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2015 an increase of 39% against the previous year. Over the period under review, average import prices attained the maximum at $1,143,504 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($975,400 per ton), while the price for Slovakia totaled $667,132 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-1.8%), while the prices for the other major suppliers experienced a decline.

Coin Price in Sri Lanka (FOB) - 2022

In 2022, the average coin export price amounted to $26,615 per ton, which is down by -2.7% against the previous year. Over the period under review, the export price, however, posted a notable increase. The most prominent rate of growth was recorded in 2015 an increase of 216% against the previous year. Over the period under review, the average export prices hit record highs at $629,143 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +27.0% per year.

Coin Imports in Sri Lanka

In 2022, after two years of decline, there was significant growth in overseas purchases of coins, when their volume increased by 15% to 12 tons. Overall, imports, however, continue to indicate a abrupt setback.

In value terms, coin imports skyrocketed to $8.2M in 2022. Over the period under review, imports, however, showed a abrupt decline.

Import of Coin in Sri Lanka (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovakia	6.3	9.2	7.1	5.2	-6.2%
Others	5.7	N/A	N/A	3.0	-19.3%
Total	12.0	9.2	7.1	8.2	-11.9%

Top Suppliers of Coin to Sri Lanka in 2022:

Slovakia (7.8 tons)

Coin Exports in Sri Lanka

In 2022, approx. 13 kg of coins were exported from Sri Lanka; which is down by -71.1% against 2021. Over the period under review, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, the exports attained the peak of 45 kg, and then declined significantly in the following year.

In value terms, coin exports reduced sharply to $346 in 2022. In general, exports saw a sharp decrease. The smallest decline of -48.6% was in 2020.