Price for Platinum; Unwrought or in Semi-Manufactured Forms in India - 2023
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in India (CIF) - 2023
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in India (FOB) - 2022
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in India
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in India
Price for Platinum; Unwrought or in Semi-Manufactured Forms in India (CIF) - 2023
The average import price for platinum; unwrought or in semi-manufactured formses stood at $32.8M per ton in November 2023, picking up by 2.2% against the previous month. Over the period under review, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 27% month-to-month. As a result, import price attained the peak level of $46,969 per kg; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($36.2M per ton), while the price for Hong Kong SAR ($21.0M per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.6%), while the prices for the other major suppliers experienced a decline.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in India (FOB) - 2022
The average export price for platinum; unwrought or in semi-manufactured formses stood at $13,214,700 per ton in 2022, with a decrease of -11.3% against the previous year. In general, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 220% against the previous year. The export price peaked at $29,218,004 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($35,710,673 per ton), while the average price for exports to Belgium ($357,000 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 Italy (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in India
In 2022, the amount of platinum; unwrought or in semi-manufactured formses imported into India surged to 30 tons, growing by 186% against the previous year's figure. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of platinum; unwrought or in semi-manufactured formses soared to $1.6B in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.7 | 0.8 | 8.8 | 1,189 | 1093.1% |
| United Kingdom | 149 | 173 | 207 | 207 | 11.6% |
| South Africa | 64.9 | 117 | 95.1 | 58.0 | -3.7% |
| United States | 15.1 | 98.1 | 52.8 | 49.8 | 48.9% |
| Germany | 30.3 | 86.2 | 142 | 40.0 | 9.7% |
| Italy | 10.8 | 10.8 | 19.4 | 17.2 | 16.8% |
| Others | 10.1 | 33.5 | 31.6 | 17.8 | 20.8% |
| Total | 281 | 520 | 558 | 1,578 | 77.7% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to India in 2022:
- United Arab Emirates (21.8 tons)
- United Kingdom (4.0 tons)
- United States (1.3 tons)
- South Africa (1.3 tons)
- Italy (0.6 tons)
- Germany (0.5 tons)
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in India
In 2022, exports of platinum; unwrought or in semi-manufactured formses from India dropped markedly to 1.3 tons, reducing by -77.6% on 2021 figures. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 800% against the previous year. As a result, the exports reached the peak of 6 tons, and then declined dramatically in the following year.
In value terms, exports of platinum; unwrought or in semi-manufactured formses reduced rapidly to $18M in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 359%. As a result, the exports attained the peak of $90M, and then reduced markedly in the following year.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 23.1 | 5.4 | 82.0 | 10.4 | -23.4% |
| Italy | 1.9 | 0.5 | 2.4 | 6.0 | 46.7% |
| United States | N/A | 2.7 | 2.4 | 0.6 | -52.9% |
| Japan | 0.7 | 3.4 | 1.0 | 0.4 | -17.0% |
| France | N/A | N/A | N/A | 0.3 | 0% |
| Others | 1.5 | 7.4 | 1.7 | 0.1 | -59.5% |
| Total | 27.3 | 19.5 | 89.5 | 17.8 | -13.3% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from India in 2022:
- United Kingdom (963.0 kg)
- Italy (168.0 kg)
- France (82.0 kg)
- Japan (75.0 kg)
- United States (22.0 kg)
781
This report provides an in-depth analysis of the platinum market in India.
1030
This report provides an in-depth analysis of the global platinum market.
781
This report provides an in-depth analysis of the platinum market in India.
1030
This report provides an in-depth analysis of the global platinum market.
516
In February 2023, the platinum price amounted to $33.5M per ton (CIF, India), increasing by 2.1% against the previous month.
157
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.
2885
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...
1564
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...
2025
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
516
In February 2023, the platinum price amounted to $33.5M per ton (CIF, India), increasing by 2.1% against the previous month.
157
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.
2885
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...
1564
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...
2025
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
