Price for Platinum; Unwrought or in Semi-Manufactured Forms in Brazil - 2024

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Brazil (CIF) - 2024
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Brazil (FOB) - 2022
3. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Brazil
4. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Brazil

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Brazil (CIF) - 2024

The average import price for platinum; unwrought or in semi-manufactured formses stood at $37.7M per ton in February 2024, reducing by -9% against the previous month. Over the period under review, the import price saw a abrupt decline. The growth pace was the most rapid in April 2023 an increase of 8.3% against the previous month. The import price peaked at $85.2M per ton in February 2023; however, from March 2023 to February 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Germany ($140M per ton), while the price for the United States ($30.0M per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $32,311,500 per ton, surging by 250% against the previous year. Overall, the export price continues to indicate temperate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($48,769,700 per ton), while the average price for exports to Australia ($52,000 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 Paraguay (+150.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of platinum; unwrought or in semi-manufactured formses was finally on the rise to reach 7.8 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt contraction.

In value terms, imports of platinum; unwrought or in semi-manufactured formses contracted to $770M in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $828M, and then contracted in the following year.

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

1. Belgium (3.4 tons)
2. South Africa (2.6 tons)
3. United States (1.0 tons)
4. Germany (0.5 tons)
5. United Kingdom (0.2 tons)
6. Russia (0.1 tons)

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

In 2022, overseas shipments of platinum; unwrought or in semi-manufactured formses decreased by -96% to 16 kg, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2020 when exports increased by 1,080%. As a result, the exports reached the peak of 543 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of platinum; unwrought or in semi-manufactured formses reduced sharply to $517K in 2022. Overall, exports continue to indicate a mild curtailment. The growth pace was the most rapid in 2020 with an increase of 1,451% against the previous year. As a result, the exports reached the peak of $8.5M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Czech Republic (10.0 kg)
2. Canada (1.0 kg)
3. Australia (1.0 kg)
4. Portugal (1.0 kg)
5. El Salvador (1.0 kg)
6. Guatemala (1.0 kg)
7. Paraguay (1.0 kg)

Source: IndexBox Market Intelligence Platform