Price for Metals; Platinum, Unwrought or in Powder Form in Russia - 2022

Contents:

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

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

The average export price for metals; platinum, unwrought or in powder forms stood at $31,908,836 per ton in 2022, which is down by -12.8% against the previous year. Overall, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2021 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $51,385,393 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($34,806,869 per ton) and Switzerland ($33,415,551 per ton), while the average price for exports to Japan ($30,459,747 per ton) and Hong Kong SAR ($31,180,658 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for metals; platinum, unwrought or in powder forms amounted to $39,561,976 per ton, with a decrease of -8% against the previous year. Overall, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 234%. Over the period under review, average import prices reached the maximum at $43,004,271 per ton in 2021, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.7% per year.

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

In 2022, exports of metals; platinum, unwrought or in powder forms from Russia expanded to 22 tons, surging by 3.6% on the year before. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.4% 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 decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 80%. As a result, the exports reached the peak of 22 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of metals; platinum, unwrought or in powder forms declined to $688M in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 78% against the previous year.

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

1. China (10.3 tons)
2. United States (3.8 tons)
3. Hong Kong SAR (3.6 tons)
4. Italy (2.3 tons)
5. Switzerland (0.6 tons)
6. United Kingdom (0.5 tons)
7. Japan (0.2 tons)

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

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 -39.6% to 377 kg. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,660%.

In value terms, imports of metals; platinum, unwrought or in powder forms reduced dramatically to $15M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,803% against the previous year.

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

1. United Arab Emirates (373.0 kg)

Source: IndexBox Market Intelligence Platform