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

Contents:

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

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

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $15,930,000 per ton, increasing by 9% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2016 an increase of 2,568%. Over the period under review, the average export prices reached the peak figure at $39,599,000 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +465.6% per year.

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $1,155,000 per ton, surging by 245% against the previous year. In general, the import price continues to indicate a prominent increase. The import price peaked at $2,263,500 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +26.2% per year.

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

In 2022, the amount of platinum; unwrought or in semi-manufactured formses exported from Ecuador declined notably to 1 kg, which is down by -50% compared with the previous year. Overall, exports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 100% against the previous year.

In value terms, exports of platinum; unwrought or in semi-manufactured formses dropped sharply to $16K in 2022. Over the period under review, exports recorded a sharp decrease. The smallest decline of -26.2% was in 2020.

Export of Platinum; Unwrought or in Semi-Manufactured Forms in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States9.139.60.415.920.4%
Colombia38.7N/AN/AN/A0%
Germany5.8N/AN/AN/A0%
IndiaN/AN/A28.8N/A0%
OthersN/AN/AN/AN/A0%
Total53.639.629.215.9-33.3%

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

  1. United States (1.0 kg)

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

Imports of platinum; unwrought or in semi-manufactured formses into Ecuador declined dramatically to 1 kg in 2022, dropping by -80% against the previous year. In general, imports saw a sharp downturn.

In value terms, imports of platinum; unwrought or in semi-manufactured formses shrank sharply to $1.2K in 2022. Overall, imports continue to indicate a significant curtailment.

Import of Platinum; Unwrought or in Semi-Manufactured Forms in Ecuador (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States56526238.01,15526.9%
China224261374N/A29.2%
Germany3.02.01.0N/A-42.3%
Italy3,6022,5041,192N/A-42.5%
Brazil38219870.0N/A-57.2%
OthersN/AN/AN/AN/A0%
Total4,7763,2271,6751,155-37.7%

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

  1. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform

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