Price for Metals; Platinum, Unwrought or in Powder Form in Belgium - 2023

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Belgium (FOB) - 2022
2. Price for Metals; Platinum, Unwrought or in Powder Form in Belgium (CIF) - 2022
3. Exports of Metals; Platinum, Unwrought or in Powder Form in Belgium
4. Imports of Metals; Platinum, Unwrought or in Powder Form in Belgium

Price for Metals; Platinum, Unwrought or in Powder Form in Belgium (FOB) - 2022

The average export price for metals; platinum, unwrought or in powder forms stood at $34,878,345 per ton in 2022, approximately equating the previous year. Over the period under review, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2021 an increase of 27%. Over the period under review, the average export prices hit record highs at $47,815,833 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($37,401,447 per ton), while the average price for exports to South Korea ($10,805,107 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 South Korea (+294.5%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Metals; Platinum, Unwrought or in Powder Form in Belgium (CIF) - 2022

In 2022, the average import price for metals; platinum, unwrought or in powder forms amounted to $8,859,336 per ton, shrinking by -32.1% against the previous year. Over the period under review, the import price saw a abrupt contraction. The growth pace was the most rapid in 2019 an increase of 56%. Over the period under review, average import prices attained the maximum at $48,339,856 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($31,595,737 per ton), while the price for the United States ($2,438,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-4.0%), while the prices for the other major suppliers experienced a decline.

Exports of Metals; Platinum, Unwrought or in Powder Form in Belgium

In 2022, shipments abroad of metals; platinum, unwrought or in powder forms decreased by -16.9% to 21 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 15%.

In value terms, exports of metals; platinum, unwrought or in powder forms declined rapidly to $720M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 33% against the previous year. As a result, the exports attained the peak of $874M, and then declined markedly in the following year.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Belgium in 2022:

1. United Kingdom (7.0 tons)
2. Germany (6.3 tons)
3. United States (5.6 tons)
4. Japan (1.0 tons)
5. South Korea (0.6 tons)

Imports of Metals; Platinum, Unwrought or in Powder Form in Belgium

In 2022, approx. 52 tons of metals; platinum, unwrought or in powder forms were imported into Belgium; growing by 314% compared with 2021. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; platinum, unwrought or in powder forms soared to $461M in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 184% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Belgium in 2022:

1. Germany (46.2 tons)
2. United Kingdom (2.7 tons)
3. Spain (1.5 tons)

Source: IndexBox Market Intelligence Platform