Price for Platinum; Unwrought or in Semi-Manufactured Forms in Colombia - 2022

Contents:

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

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $31.7M per ton in February 2022, with an increase of 19% against the previous month. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $33.2M per ton in April 2021; afterwards, it flattened through to February 2022.

Average prices varied noticeably for the major external markets. In February 2022, the country with the highest price was the United States ($32.7M per ton), while the average price for exports to Italy ($27.8M per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $2,659,654 per ton, dropping by -58.3% against the previous year. Over the period under review, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 141%. Over the period under review, average import prices reached the maximum at $17,789,623 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,229,200 per ton), while the price for Italy totaled $1,051,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.1%).

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

For the fourth year in a row, Colombia recorded growth in overseas shipments of platinum; unwrought or in semi-manufactured formses, which increased by 19% to 864 kg in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 212% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of platinum; unwrought or in semi-manufactured formses expanded significantly to $23M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 222% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. United States (599.0 kg)
2. Free Zones (165.0 kg)
3. Italy (92.0 kg)

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

In 2022, overseas purchases of platinum; unwrought or in semi-manufactured formses were finally on the rise to reach 162 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a deep contraction.

In value terms, imports of platinum; unwrought or in semi-manufactured formses skyrocketed to $431K in 2022. Overall, imports, however, showed a drastic downturn.

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

1. Italy (126.0 kg)
2. United States (35.0 kg)

Source: IndexBox Market Intelligence Platform