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

Contents:

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

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

The average export price for metals; platinum, unwrought or in powder forms stood at $31.1M per ton in October 2023, which is down by -2.2% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 11% against the previous month. The export price peaked at $35.2M per ton in May 2023; afterwards, it flattened through to October 2023.

Average prices varied noticeably for the major foreign markets. In October 2023, the highest price was recorded for prices to Switzerland ($31.7M per ton) and the United States ($31.3M per ton), while the average price for exports to France ($29.5M per ton) and Spain ($30.6M 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 UK (+0.0%), while the prices for the other major destinations experienced a decline.

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

The average import price for metals; platinum, unwrought or in powder forms stood at $31.1M per ton in October 2023, reducing by -4.2% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 10% m-o-m. The import price peaked at $35.7M per ton in May 2023; afterwards, it flattened through to October 2023.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Spain ($32.3M per ton) and South Africa ($32.3M per ton), while the price for France ($28.7M per ton) and the United States ($30.8M per ton) were amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

Exports of metals; platinum, unwrought or in powder forms from Italy surged to 30 tons in 2022, rising by 18% against the previous year. The total export volume increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of metals; platinum, unwrought or in powder forms rose slightly to $923M in 2022. The total export value increased at an average annual rate of +11.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Germany (8.9 tons)
2. Switzerland (6.0 tons)
3. United States (4.5 tons)
4. Poland (4.4 tons)
5. United Kingdom (3.3 tons)
6. France (1.1 tons)
7. Spain (0.3 tons)

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

In 2022, imports of metals; platinum, unwrought or in powder forms into Italy surged to 14 tons, with an increase of 21% compared with the year before. In general, imports continue to indicate a relatively flat trend pattern. 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 expanded significantly to $436M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. United States (5.3 tons)
2. South Africa (3.3 tons)
3. Russia (2.0 tons)
4. Germany (1.6 tons)
5. Switzerland (0.5 tons)
6. France (0.3 tons)
7. United Kingdom (0.3 tons)

Source: IndexBox Market Intelligence Platform