Price for Platinum; Unwrought or in Semi-Manufactured Forms in Australia - 2024
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Australia (CIF) - 2024
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Australia (FOB) - 2022
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Australia
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Australia
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Australia (CIF) - 2024
In January 2024, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $34.7M per ton, increasing by 38% against the previous month. Over the period under review, import price indicated a tangible increase from January 2023 to January 2024: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for platinum; unwrought or in semi-manufactured formses increased by +50.9% against November 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 50% against the previous month. Over the period under review, average import prices attained the maximum in January 2024.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the UK ($46.0M per ton), while the price for Hong Kong SAR ($30.3M per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Australia (FOB) - 2022
The average export price for platinum; unwrought or in semi-manufactured formses stood at $33,699,752 per ton in 2022, with an increase of 26% against the previous year. In general, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 45% against the previous year. The export price peaked at $47,488,949 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($39,921,353 per ton), while the average price for exports to the UK ($3,468,000 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 Germany (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Australia
In 2022, approx. 3.6 tons of platinum; unwrought or in semi-manufactured formses were imported into Australia; rising by 98% against the previous year. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 154% against the previous year. As a result, imports attained the peak of 4.6 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of platinum; unwrought or in semi-manufactured formses surged to $124M in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 146% against the previous year. As a result, imports reached the peak of $135M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 27.8 | 93.0 | 30.3 | 54.6 | 25.2% |
| Switzerland | 8.1 | 20.0 | 24.0 | 33.7 | 60.8% |
| South Africa | 0.4 | 1.3 | 3.6 | 12.3 | 213.3% |
| United States | 9.2 | 5.5 | 8.5 | 9.8 | 2.1% |
| Germany | 5.8 | 9.8 | 6.6 | 5.9 | 0.6% |
| Hong Kong SAR | 0.6 | 2.0 | 1.6 | 3.6 | 81.7% |
| New Zealand | 1.3 | 1.8 | 1.7 | 1.7 | 9.4% |
| Others | 1.6 | 1.3 | 2.3 | 2.0 | 7.7% |
| Total | 54.8 | 135 | 78.7 | 124 | 31.3% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Australia in 2022:
- United Kingdom (1564.0 kg)
- Switzerland (998.0 kg)
- South Africa (398.0 kg)
- United States (276.0 kg)
- Germany (170.0 kg)
- Hong Kong SAR (119.0 kg)
- New Zealand (50.0 kg)
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Australia
In 2022, shipments abroad of platinum; unwrought or in semi-manufactured formses decreased by -24.4% to 411 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 188% against the previous year.
In value terms, exports of platinum; unwrought or in semi-manufactured formses contracted slightly to $14M in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 163%.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.3 | 0.9 | 10.5 | 10.8 | 230.2% |
| Hong Kong SAR | N/A | 0.8 | 1.1 | 1.9 | 54.1% |
| New Zealand | 0.3 | 0.5 | 0.7 | 0.7 | 32.6% |
| United States | N/A | 0.5 | N/A | 0.2 | -36.8% |
| Switzerland | 1.1 | 1.0 | 0.6 | N/A | -26.1% |
| Others | 0.4 | 2.1 | 1.5 | 0.3 | -9.1% |
| Total | 2.2 | 5.7 | 14.5 | 13.9 | 84.9% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Australia in 2022:
- Germany (307.0 kg)
- Hong Kong SAR (65.0 kg)
- New Zealand (17.0 kg)
- United States (11.0 kg)
542
This report provides an in-depth analysis of the platinum market in Australia.
1035
This report provides an in-depth analysis of the global platinum market.
542
This report provides an in-depth analysis of the platinum market in Australia.
1035
This report provides an in-depth analysis of the global platinum market.
164
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.
2887
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...
1569
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...
2030
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
164
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.
2887
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...
1569
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...
2030
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
