Price for Platinum; Unwrought or in Semi-Manufactured Forms in Argentina - 2023

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Argentina (CIF) - 2022
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Argentina (FOB) - 2022
3. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Argentina
4. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Argentina

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Argentina (CIF) - 2022

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $70,676,655 per ton, reducing by -8.8% against the previous year. In general, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 42%. The import price peaked at $77,529,368 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($84,334,918 per ton), while the price for the United States ($30,456,420 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.1%), while the prices for the other major suppliers experienced a decline.

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Argentina (FOB) - 2022

The average export price for platinum; unwrought or in semi-manufactured formses stood at $83,745,975 per ton in 2022, with a decrease of -12.3% against the previous year. In general, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 332% against the previous year. As a result, the export price attained the peak level of $95,537 per kg, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($85,882,615 per ton), while the average price for exports to Germany stood at $417,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.6%).

Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Argentina

Imports of platinum; unwrought or in semi-manufactured formses into Argentina soared to 2.1 tons in 2022, with an increase of 24% against the year before. Overall, imports, however, showed a deep downturn.

In value terms, imports of platinum; unwrought or in semi-manufactured formses reached $151M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Argentina in 2022:

1. United Kingdom (1580.0 kg)
2. South Africa (222.0 kg)
3. Belgium (181.0 kg)
4. Germany (80.0 kg)
5. United States (50.0 kg)

Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Argentina

For the third year in a row, Argentina recorded growth in overseas shipments of platinum; unwrought or in semi-manufactured formses, which increased by 67% to 40 kg in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 200% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of platinum; unwrought or in semi-manufactured formses surged to $3.3M in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,196% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Argentina in 2022:

1. United States (39.0 kg)
2. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform