Price for Metals; Platinum, Unwrought or in Powder Form in Canada - 2024
Contents:
- Price for Metals; Platinum, Unwrought or in Powder Form in Canada (CIF) - 2024
- Price for Metals; Platinum, Unwrought or in Powder Form in Canada (FOB) - 2024
- Imports of Metals; Platinum, Unwrought or in Powder Form in Canada
- Exports of Metals; Platinum, Unwrought or in Powder Form in Canada
Price for Metals; Platinum, Unwrought or in Powder Form in Canada (CIF) - 2024
In January 2024, the average import price for metals; platinum, unwrought or in powder forms amounted to $31.4M per ton, dropping by -3.2% against the previous month. Over the period under review, the import price saw a mild contraction. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 226% against the previous month. As a result, import price attained the peak level of $108K per kg. From December 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($103M per ton), while the price for South Korea ($28.6M per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), while the prices for the other major suppliers experienced a decline.
Price for Metals; Platinum, Unwrought or in Powder Form in Canada (FOB) - 2024
The average export price for metals; platinum, unwrought or in powder forms stood at $29.7M per ton in January 2024, with a decrease of -2.1% against the previous month. Over the period under review, the export price saw a slight slump. The pace of growth appeared the most rapid in April 2023 an increase of 18% month-to-month. Over the period under review, the average export prices attained the maximum at $36.6M per ton in January 2023; afterwards, it flattened through to January 2024.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -1.7% per month.
Imports of Metals; Platinum, Unwrought or in Powder Form in Canada
In 2022, purchases abroad of metals; platinum, unwrought or in powder forms decreased by -32.6% to 1.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 147%. As a result, imports attained the peak of 1.6 tons, and then fell significantly in the following year.
In value terms, imports of metals; platinum, unwrought or in powder forms dropped rapidly to $41M in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 180% against the previous year. As a result, imports attained the peak of $67M, and then fell significantly in the following year.
| Import of Metals; Platinum, Unwrought or in Powder Form in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 6.6 | 8.7 | 11.0 | 12.8 | 24.7% |
| United States | 4.8 | 6.9 | 41.8 | 10.7 | 30.6% |
| Germany | 1.9 | 0.8 | 1.8 | 6.2 | 48.3% |
| Switzerland | 0.4 | 1.6 | 1.7 | 5.0 | 132.1% |
| Italy | 1.3 | 4.9 | 6.6 | 4.6 | 52.4% |
| South Korea | N/A | N/A | 1.2 | 0.7 | -41.7% |
| Belgium | 3.9 | 0.9 | 3.0 | 0.5 | -49.6% |
| Others | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Total | 19.1 | 24.0 | 67.2 | 40.6 | 28.6% |
Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Canada in 2022:
- South Africa (373.0 kg)
- United States (332.0 kg)
- Germany (142.0 kg)
- Italy (122.0 kg)
- Switzerland (106.0 kg)
- South Korea (18.0 kg)
- Belgium (16.0 kg)
Exports of Metals; Platinum, Unwrought or in Powder Form in Canada
In 2022, approx. 408 kg of metals; platinum, unwrought or in powder forms were exported from Canada; with an increase of 69% on 2021. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of metals; platinum, unwrought or in powder forms soared to $14M in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 103% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Metals; Platinum, Unwrought or in Powder Form in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.4 | 4.2 | 8.5 | 11.6 | 29.0% |
| Germany | N/A | N/A | N/A | 1.6 | 0% |
| Japan | N/A | N/A | N/A | 0.6 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.4 | 4.2 | 8.5 | 13.8 | 36.7% |
Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Canada in 2022:
- United States (326.0 kg)
- Germany (46.0 kg)
- Japan (35.0 kg)
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This report provides an in-depth analysis of the platinum market in Canada.
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This report provides an in-depth analysis of the global platinum market.
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This report provides an in-depth analysis of the platinum market in Canada.
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This report provides an in-depth analysis of the global platinum market.
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The growth pace of Platinum was exceptionally fast in March 2023, with a month-on-month increase of 194%. In terms of value, Platinum imports significantly declined to $3M in September 2023.
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Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
2927
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
1590
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
