Price for Metals; Platinum, Unwrought or in Powder Form in India - 2023
Contents:
- Price for Metals; Platinum, Unwrought or in Powder Form in India (CIF) - 2023
- Price for Metals; Platinum, Unwrought or in Powder Form in India (FOB) - 2022
- Imports of Metals; Platinum, Unwrought or in Powder Form in India
- Exports of Metals; Platinum, Unwrought or in Powder Form in India
Price for Metals; Platinum, Unwrought or in Powder Form in India (CIF) - 2023
In November 2023, the average import price for metals; platinum, unwrought or in powder forms amounted to $30.1M per ton, standing approximately at the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 19% against the previous month. As a result, import price reached the peak level of $36,049 per kg; afterwards, it flattened through to November 2023.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the countries with the highest prices were the UK ($31.7M per ton) and Italy ($31.6M per ton), while the price for the United States ($28.2M per ton) and South Africa ($29.2M per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the UK (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Metals; Platinum, Unwrought or in Powder Form in India (FOB) - 2022
The average export price for metals; platinum, unwrought or in powder forms stood at $20,444,318 per ton in 2022, waning by -37.7% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 12,831% against the previous year. Over the period under review, the average export prices attained the peak figure at $35,341,438 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($35,499,000 per ton), while the average price for exports to Malaysia ($20,000 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 Belgium (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metals; Platinum, Unwrought or in Powder Form in India
In 2022, after three years of growth, there was significant decline in overseas purchases of metals; platinum, unwrought or in powder forms, when their volume decreased by -38.4% to 1.9 tons. In general, imports recorded a mild descent. The pace of growth appeared the most rapid in 2020 with an increase of 52% against the previous year.
In value terms, imports of metals; platinum, unwrought or in powder forms reduced sharply to $60M in 2022. Overall, imports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 65%.
| Import of Metals; Platinum, Unwrought or in Powder Form in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 0.5 | 13.2 | 31.8 | 27.0 | 278.0% |
| United Kingdom | 41.0 | 52.1 | 33.8 | 12.1 | -33.4% |
| Germany | 10.9 | 9.8 | 21.9 | 5.7 | -19.4% |
| Hong Kong SAR | 0.1 | 0.1 | 0.4 | 5.2 | 273.3% |
| United Arab Emirates | 0.7 | 0.7 | 1.5 | 4.5 | 85.9% |
| Italy | 0.2 | 0.9 | 2.9 | 3.0 | 146.6% |
| United States | 2.1 | 14.3 | 13.1 | 2.4 | 4.6% |
| Others | 1.7 | 3.1 | 2.5 | 0.4 | -38.3% |
| Total | 57.1 | 94.2 | 108 | 60.3 | 1.8% |
Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to India in 2022:
- South Africa (873.0 kg)
- United Kingdom (387.0 kg)
- Germany (186.0 kg)
- Hong Kong SAR (169.0 kg)
- United Arab Emirates (137.0 kg)
- Italy (91.0 kg)
- United States (74.0 kg)
Exports of Metals; Platinum, Unwrought or in Powder Form in India
After three years of growth, overseas shipments of metals; platinum, unwrought or in powder forms decreased by -85.5% to 44 kg in 2022. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 290%.
In value terms, exports of metals; platinum, unwrought or in powder forms contracted remarkably to $900K in 2022. Overall, exports, however, showed a notable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 413% against the previous year.
| Export of Metals; Platinum, Unwrought or in Powder Form in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 815 | 1,298 | 8,120 | 823 | 0.3% |
| Japan | N/A | N/A | 42.0 | 71.0 | 69.0% |
| South Africa | N/A | N/A | N/A | 2.0 | 0% |
| Netherlands | N/A | N/A | N/A | 1.1 | 0% |
| Canada | N/A | N/A | N/A | 1.0 | 0% |
| Mauritius | N/A | N/A | N/A | 0.4 | 0% |
| Belgium | N/A | N/A | 6.7 | 0.4 | -94.0% |
| United States | 19.3 | 1,589 | 386 | 0.2 | -78.2% |
| Australia | N/A | N/A | N/A | 0.2 | 0% |
| Malaysia | N/A | N/A | N/A | N/A | 0% |
| Singapore | N/A | 1,388 | 1,424 | N/A | 2.6% |
| Others | N/A | 1.3 | N/A | N/A | 0% |
| Total | 834 | 4,276 | 9,979 | 900 | 2.6% |
Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from India in 2022:
- United Kingdom (30.0 kg)
- South Africa (5.0 kg)
- Japan (2.0 kg)
- Canada (1.0 kg)
- Mauritius (1.0 kg)
- Netherlands (1.0 kg)
- United States (1.0 kg)
- Malaysia (1.0 kg)
- Australia (1.0 kg)
- Belgium (1.0 kg)
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This report provides an in-depth analysis of the platinum market in India.
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This report provides an in-depth analysis of the global platinum market.
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This report provides an in-depth analysis of the platinum market in India.
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This report provides an in-depth analysis of the global platinum market.
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In February 2023, the platinum price amounted to $33.5M per ton (CIF, India), increasing by 2.1% against the previous month.
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Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
2040
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
536
In February 2023, the platinum price amounted to $33.5M per ton (CIF, India), increasing by 2.1% against the previous month.
182
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
2908
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
1582
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
2040
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
