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

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Germany (CIF) - 2023
2. Price for Metals; Platinum, Unwrought or in Powder Form in Germany (FOB) - 2023
3. Imports of Metals; Platinum, Unwrought or in Powder Form in Germany
4. Exports of Metals; Platinum, Unwrought or in Powder Form in Germany

Price for Metals; Platinum, Unwrought or in Powder Form in Germany (CIF) - 2023

In October 2023, the average import price for metals; platinum, unwrought or in powder forms amounted to $30.2M per ton, surging by 1.7% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 11% month-to-month. The import price peaked at $35.8M per ton in May 2023; afterwards, it flattened through to October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($33.4M per ton), while the price for Thailand ($6.5M per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Metals; Platinum, Unwrought or in Powder Form in Germany (FOB) - 2023

In October 2023, the average export price for metals; platinum, unwrought or in powder forms amounted to $32.4M per ton, falling by -2.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 24% m-o-m. As a result, the export price attained the peak level of $42,275 per kg; afterwards, it flattened through to October 2023.

Average prices varied noticeably for the major overseas markets. In October 2023, the countries with the highest prices were the United States ($34.7M per ton) and Switzerland ($33.2M per ton), while the average price for exports to Brazil ($30.7M per ton) and Belgium ($30.9M per ton) were amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of metals; platinum, unwrought or in powder forms imported into Germany skyrocketed to 34 tons, jumping by 38% against 2021 figures. Over the period under review, imports, however, recorded a pronounced slump.

In value terms, imports of metals; platinum, unwrought or in powder forms skyrocketed to $1.1B in 2022. In general, imports, however, showed a relatively flat trend pattern.

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

1. South Africa (18.2 tons)
2. Italy (8.0 tons)
3. United Kingdom (2.6 tons)
4. Switzerland (1.9 tons)
5. United States (1.2 tons)
6. Japan (0.3 tons)

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

For the third year in a row, Germany recorded decline in shipments abroad of metals; platinum, unwrought or in powder forms, which decreased by -0.1% to 19 tons in 2022. In general, exports recorded a deep downturn.

In value terms, exports of metals; platinum, unwrought or in powder forms fell to $663M in 2022. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 2.7% against the previous year. As a result, the exports attained the peak of $706M, and then fell in the following year.

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

1. United States (3.5 tons)
2. Japan (2.5 tons)
3. Switzerland (2.1 tons)
4. United Kingdom (2.0 tons)
5. Belgium (2.0 tons)
6. Ireland (1.7 tons)
7. Brazil (0.7 tons)
8. Italy (0.7 tons)
9. South Africa (0.6 tons)
10. Austria (0.6 tons)
11. Czech Republic (0.5 tons)
12. Argentina (0.5 tons)
13. Hong Kong SAR (0.3 tons)

Source: IndexBox Market Intelligence Platform