Price for Platinum; Unwrought or in Semi-Manufactured Forms in Vietnam - 2022

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Vietnam (CIF) - 2022
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Vietnam (FOB) - 2022
3. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Vietnam
4. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Vietnam

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Vietnam (CIF) - 2022

The average import price for platinum; unwrought or in semi-manufactured formses stood at $33.1M per ton in December 2022, remaining constant against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 3.5% m-o-m. The import price peaked at $36.9M per ton in December 2021; afterwards, it flattened through to December 2022.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($67.1M per ton), while the price for Italy ($31.6M per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by France (-0.0%), while the prices for the other major suppliers experienced a decline.

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Vietnam (FOB) - 2022

The average export price for platinum; unwrought or in semi-manufactured formses stood at $79,459,400 per ton in 2022, rising by 11% against the previous year. In general, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 489%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($294,600,000 per ton), while the average price for exports to the United States ($1,350,000 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 Hong Kong SAR (+24.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Vietnam

In 2022, imports of platinum; unwrought or in semi-manufactured formses into Vietnam rose remarkably to 508 kg, surging by 6.1% against 2021. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of platinum; unwrought or in semi-manufactured formses reduced to $16M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports attained the peak of $18M, and then contracted in the following year.

Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Vietnam in 2022:

1. Japan (389.0 kg)
2. United States (59.0 kg)
3. Italy (52.0 kg)

Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Vietnam

For the third consecutive year, Vietnam recorded decline in overseas shipments of platinum; unwrought or in semi-manufactured formses, which decreased by 0% to 5 kg in 2022. In general, exports showed a dramatic contraction. The smallest decline of -14.3% was in 2020.

In value terms, exports of platinum; unwrought or in semi-manufactured formses totaled $397K in 2022. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 145%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Vietnam in 2022:

1. Australia (2.0 kg)
2. United States (1.0 kg)
3. Japan (1.0 kg)
4. Singapore (1.0 kg)

Source: IndexBox Market Intelligence Platform