Price for Platinum; Unwrought or in Semi-Manufactured Forms in the United States - 2023
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in the United States (CIF) - 2023
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in the United States (FOB) - 2023
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in the United States
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in the United States
Price for Platinum; Unwrought or in Semi-Manufactured Forms in the United States (CIF) - 2023
The average import price for platinum; unwrought or in semi-manufactured formses stood at $41.2M per ton in December 2023, with a decrease of -6% against the previous month. In general, the import price recorded a perceptible setback. The pace of growth was the most pronounced in May 2023 when the average import price increased by 7.8% against the previous month. Over the period under review, average import prices attained the maximum at $74.4M per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the UK ($86.6M per ton), while the price for Switzerland ($32.1M per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in the United States (FOB) - 2023
The average export price for platinum; unwrought or in semi-manufactured formses stood at $46.4M per ton in December 2023, dropping by -13% against the previous month. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in May 2023 an increase of 36% against the previous month. Over the period under review, the average export prices reached the maximum at $92.9M per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was China ($67.5M per ton), while the average price for exports to Germany ($37.2M per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-1.4%), while the prices for the other major destinations experienced a decline.
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in the United States
After three years of growth, overseas purchases of platinum; unwrought or in semi-manufactured formses decreased by -14.2% to 157 tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 15%.
In value terms, imports of platinum; unwrought or in semi-manufactured formses shrank significantly to $13.8B in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 66%.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2.3 | 4.1 | 7.7 | 5.1 | 30.4% |
| Germany | 0.9 | 1.7 | 3.0 | 2.7 | 44.2% |
| Russia | 1.6 | 2.2 | 2.4 | 1.8 | 4.0% |
| Belgium | 0.4 | 0.8 | 1.5 | 1.3 | 48.1% |
| Italy | 0.4 | 0.6 | 1.0 | 0.7 | 20.5% |
| United Kingdom | 0.4 | 0.3 | 0.8 | 0.6 | 14.5% |
| Switzerland | 0.2 | 0.7 | 0.6 | 0.5 | 35.7% |
| Canada | 0.3 | 0.4 | 0.4 | 0.3 | 0.0% |
| Others | 0.4 | 0.5 | 1.0 | 0.8 | 26.0% |
| Total | 6.8 | 11.3 | 18.3 | 13.8 | 26.6% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to the United States in 2022:
- South Africa (59.9 tons)
- Russia (25.2 tons)
- Germany (16.4 tons)
- Belgium (14.6 tons)
- Switzerland (9.6 tons)
- Italy (8.7 tons)
- Canada (5.5 tons)
- United Kingdom (5.2 tons)
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in the United States
In 2022, shipments abroad of platinum; unwrought or in semi-manufactured formses decreased by -13.4% to 119 tons, falling for the second year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 16%. As a result, the exports attained the peak of 140 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of platinum; unwrought or in semi-manufactured formses declined sharply to $10B in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 107% against the previous year.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.6 | 1.2 | 2.1 | 2.1 | 51.8% |
| Italy | 0.5 | 1.3 | 2.1 | 1.9 | 56.0% |
| China | 0.6 | 2.3 | 2.7 | 1.8 | 44.2% |
| Japan | 0.4 | 0.5 | 0.8 | 1.2 | 44.2% |
| Germany | 0.6 | 0.5 | 1.6 | 1.2 | 26.0% |
| United Kingdom | 0.5 | 1.2 | 0.8 | 0.6 | 6.3% |
| Switzerland | 0.7 | 1.2 | 0.9 | 0.5 | -10.6% |
| Others | 0.7 | 1.5 | 2.1 | 0.8 | 4.6% |
| Total | 4.7 | 9.8 | 13.2 | 10.0 | 28.6% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from the United States in 2022:
- Canada (24.5 tons)
- Italy (23.9 tons)
- Germany (16.5 tons)
- Japan (13.8 tons)
- Switzerland (10.4 tons)
- United Kingdom (10.1 tons)
- China (8.8 tons)
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