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

Contents:

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

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $34.6M per ton in September 2023, growing by 3,151% against the previous month. Over the period under review, the export price enjoyed a significant increase. The pace of growth was the most pronounced in October 2022 an increase of 5,888% month-to-month. As a result, the export price attained the peak level of $43,610 per kg; afterwards, it flattened through to September 2023.

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

From September 2022 to September 2023, the rate of growth in terms of prices for Germany amounted to +38.1% per month.

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $5,454,836 per ton, remaining relatively unchanged against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 253%. Over the period under review, average import prices reached the maximum at $13,998,365 per ton in 2014; however, from 2015 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 Sweden ($16,902,963 per ton), while the price for the UK ($4,845,533 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.3%), while the prices for the other major suppliers experienced a decline.

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

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 25% to 1.2 tons. Over the period under review, exports, however, faced a precipitous shrinkage.

In value terms, exports of platinum; unwrought or in semi-manufactured formses surged to $11M in 2022. Overall, exports, however, saw a dramatic slump.

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

1. Germany (951.0 kg)
2. United Kingdom (213.0 kg)

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

After three years of growth, purchases abroad of platinum; unwrought or in semi-manufactured formses decreased by -38.3% to 1.5 tons in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 622%. As a result, imports attained the peak of 2.4 tons, and then declined rapidly in the following year.

In value terms, imports of platinum; unwrought or in semi-manufactured formses shrank rapidly to $8M in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 398% against the previous year. As a result, imports reached the peak of $13M, and then contracted sharply in the following year.

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

1. United Kingdom (1138.0 kg)
2. Germany (271.0 kg)
3. Sweden (27.0 kg)

Source: IndexBox Market Intelligence Platform