Coin Price in South Korea - 2022

Coin Price in South Korea (CIF) - 2022

In 2022, the average coin import price amounted to $178,906 per ton, growing by 35% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 248%. The import price peaked at $801,276 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Germany ($733,053 per ton), while the price for China ($30,881 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.9%), while the prices for the other major suppliers experienced a decline.

Coin Price in South Korea (FOB) - 2022

The average coin export price stood at $122,094 per ton in 2022, increasing by 23% against the previous year. Over the period under review, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 51%. Over the period under review, the average export prices hit record highs at $144,067 per ton in 2020; however, from 2021 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 Canada ($901,136 per ton), while the average price for exports to Germany ($88,133 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 Canada (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Imports in South Korea

After three years of growth, supplies from abroad of coins decreased by -47% to 3.3 tons in 2022. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 27%.

In value terms, coin imports reduced remarkably to $595K in 2022. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports attained the peak of $1M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Coin in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	N/A	0.1	3.5	205	4427.7%
United States	593	612	485	185	-32.2%
Germany	4.6	90.5	26.6	55.0	128.7%
United Kingdom	10.3	25.2	106	39.3	56.3%
China	17.3	88.8	94.6	37.5	29.4%
Japan	61.8	60.9	70.0	33.6	-18.4%
Hong Kong SAR	185	4.9	0.3	0.8	-83.7%
Others	10.3	120	48.7	38.3	54.9%
Total	882	1,002	834	595	-12.3%

Top Suppliers of Coin to South Korea in 2022:

China (1215.0 kg)
Japan (1053.0 kg)
United States (370.0 kg)
Canada (311.0 kg)
United Kingdom (189.0 kg)
Germany (75.0 kg)
Hong Kong SAR (10.0 kg)

Coin Exports in South Korea

After two years of decline, overseas shipments of coins increased by 33% to 1.1 tons in 2022. Over the period under review, exports, however, faced a sharp decrease.

In value terms, coin exports soared to $138K in 2022. In general, exports, however, recorded a dramatic decrease.

Export of Coin in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	5,087	141	77.2	72.0	-75.8%
Canada	19.8	5.3	N/A	39.6	26.0%
Germany	280	73.5	2.8	24.6	-55.5%
Hong Kong SAR	438	45.6	3.7	N/A	-90.8%
Others	87.8	4.5	0.8	2.1	-71.2%
Total	5,914	270	84.6	138	-71.4%