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

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Bulgaria (CIF) - 2023
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Bulgaria (FOB) - 2022
3. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Bulgaria
4. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Bulgaria

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

The average import price for platinum; unwrought or in semi-manufactured formses stood at $35.5M per ton in October 2023, increasing by 17% against the previous month. Over the period from November 2022 to October 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in August 2023 an increase of 26% against the previous month. The import price peaked at $41.3M per ton in May 2023; afterwards, it flattened through to October 2023.

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

From November 2022 to October 2023, the rate of growth in terms of prices for Austria amounted to +7.4% per month.

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $20,209,667 per ton in 2022, falling by -46.4% against the previous year. Over the period under review, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 226%. As a result, the export price reached the peak level of $37,711 per kg, and then contracted rapidly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($26,541,000 per ton), while the average price for exports to Estonia amounted to $18,943,400 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

After three years of growth, supplies from abroad of platinum; unwrought or in semi-manufactured formses decreased by -52.2% to 325 kg in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 119% against the previous year. As a result, imports reached the peak of 680 kg, and then declined notably in the following year.

In value terms, imports of platinum; unwrought or in semi-manufactured formses declined remarkably to $9.5M in 2022. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 118%. As a result, imports attained the peak of $20M, and then declined remarkably in the following year.

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

1. Japan (172.0 kg)
2. Austria (113.0 kg)
3. Turkey (20.0 kg)
4. Germany (11.0 kg)
5. United Kingdom (7.0 kg)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of platinum; unwrought or in semi-manufactured formses, when their volume increased by 100% to 6 kg. In general, exports, however, showed a deep setback.

In value terms, exports of platinum; unwrought or in semi-manufactured formses rose markedly to $121K in 2022. Overall, exports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 22%.

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

1. Estonia (5.0 kg)
2. Turkey (1.0 kg)

Source: IndexBox Market Intelligence Platform