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

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Austria (FOB) - 2023
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Austria (CIF) - 2023
3. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Austria
4. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Austria

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Austria (FOB) - 2023

In October 2023, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $32.3M per ton, shrinking by -11.9% against the previous month. In general, the export price saw a noticeable setback. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices attained the maximum at $48.2M per ton in December 2022; afterwards, it flattened through to October 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($64.7M per ton), while the average price for exports to Italy ($14.8M per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Austria (CIF) - 2023

In October 2023, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $33.6M per ton, growing by 36% against the previous month. Overall, the import price, however, saw a pronounced shrinkage. The import price peaked at $57.9M per ton in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($54.1M per ton), while the price for Japan ($11.6M per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, after two years of decline, there was significant growth in overseas shipments of platinum; unwrought or in semi-manufactured formses, when their volume increased by 13% to 5.4 tons. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of platinum; unwrought or in semi-manufactured formses reached $270M in 2022. The total export value increased at an average annual rate of +12.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 20% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

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

1. Germany (4152.0 kg)
2. United States (456.0 kg)
3. Italy (196.0 kg)
4. Luxembourg (115.0 kg)
5. Belgium (95.0 kg)
6. United Kingdom (36.0 kg)

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

After three years of growth, purchases abroad of platinum; unwrought or in semi-manufactured formses decreased by -18.6% to 5.8 tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% 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 +30.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of 7.1 tons, and then contracted remarkably in the following year.

In value terms, imports of platinum; unwrought or in semi-manufactured formses dropped to $242M in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of $270M, and then contracted in the following year.

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

1. Germany (1873.0 kg)
2. Switzerland (1386.0 kg)
3. Japan (959.0 kg)
4. United Kingdom (806.0 kg)
5. Italy (314.0 kg)
6. Russia (93.0 kg)

Source: IndexBox Market Intelligence Platform