Price for Metals; Platinum, Unwrought or in Powder Form in Brazil - 2024

Price for Metals; Platinum, Unwrought or in Powder Form in Brazil (CIF) - 2024

The average import price for metals; platinum, unwrought or in powder forms stood at $29.2M per ton in February 2024, waning by -7.2% against the previous month. Over the period under review, the import price continues to indicate a mild decline. The pace of growth appeared the most rapid in May 2023 an increase of 6.3% m-o-m. As a result, import price attained the peak level of $34,945 per kg; afterwards, it flattened through to February 2024.

Average prices varied noticeably amongst the major supplying countries. In February 2024, the highest price was recorded for prices from the UK ($31.0M per ton) and the United States ($29.9M per ton), while the price for Belgium ($29.0M per ton) and South Africa ($29.2M per ton) were amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by the UK (-0.7%), while the prices for the other major suppliers experienced a decline.

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

The average export price for metals; platinum, unwrought or in powder forms stood at $41,590,750 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 9.4% against the previous year. The export price peaked at $83,181,750 per ton in 2020; however, from 2021 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 France ($71,263,000 per ton), while the average price for exports to Germany ($2,794,000 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 Switzerland (+53.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of metals; platinum, unwrought or in powder forms into Brazil shrank sharply to 764 kg in 2022, waning by -29.7% on the previous year's figure. Over the period under review, imports recorded a precipitous decline.

In value terms, imports of metals; platinum, unwrought or in powder forms shrank significantly to $24M in 2022. Overall, imports saw a significant decrease. The smallest decline of -27.1% was in 2021.

Import of Metals; Platinum, Unwrought or in Powder Form in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	38.7	28.1	13.8	17.3	-23.5%
Belgium	30.7	16.6	14.2	2.7	-55.5%
Italy	0.2	1.2	2.3	2.0	115.4%
United States	5.5	5.0	6.2	1.2	-39.8%
Others	3.9	1.7	1.8	0.4	-53.2%
Total	79.0	52.6	38.3	23.6	-33.2%

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

South Africa (572.0 kg)
Belgium (81.0 kg)
Italy (60.0 kg)
United States (40.0 kg)

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

In 2022, exports of metals; platinum, unwrought or in powder forms from Brazil totaled 4 kg, stabilizing at 2021 figures. Over the period under review, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of metals; platinum, unwrought or in powder forms stood at $166K in 2022. In general, exports saw a dramatic descent. The smallest decline of 99.9% was in 2021.