Brazil: Platinum Market 2024

Platinum Market Size in Brazil

The Brazilian platinum market contracted slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a abrupt shrinkage. Platinum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Platinum Production in Brazil

In value terms, platinum production declined to $X in 2022 estimated in export price. Overall, production, however, showed a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Platinum Exports

Exports from Brazil

In 2022, overseas shipments of platinum were finally on the rise to reach X kg after two years of decline. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, platinum exports soared to $X in 2022. In general, exports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for platinum exports from Brazil, accounting for a X% share of total exports. Moreover, platinum exports to Germany exceeded the volume sent to the second major destination, France (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%.

In value terms, Germany ($X) remains the key foreign market for platinum exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by France ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%.

Export Prices by Country

The average platinum export price stood at $X per kg in 2022, surging by X% against the previous year. Overall, the export price showed a strong expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per kg), while the average price for exports to France stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Imports

Imports into Brazil

In 2022, supplies from abroad of platinum decreased by X% to X kg, falling for the third year in a row after four years of growth. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, platinum imports contracted notably to $X in 2022. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X kg) constituted the largest platinum supplier to Brazil, accounting for a X% share of total imports. Moreover, platinum imports from South Africa exceeded the figures recorded by the second-largest supplier, Belgium (X kg), sevenfold. The third position in this ranking was held by Italy (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Italy (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of platinum to Brazil, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with an X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Italy (X% per year).

Import Prices by Country

The average platinum import price stood at $X per kg in 2022, declining by X% against the previous year. Over the period under review, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per kg in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per kg) and Belgium ($X per kg), while the price for South Africa ($X per kg) and the United States ($X per kg) were amongst the lowest.

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

Source: IndexBox Platform

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