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

Contents:

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

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

The average import price for platinum; unwrought or in semi-manufactured formses stood at $47.4M per ton in October 2023, declining by -5.6% against the previous month. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 35% against the previous month. The import price peaked at $75.8M per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($61.8M per ton), while the price for Switzerland ($39.7M per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the prices for the other major suppliers experienced a decline.

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $51.1M per ton in October 2023, shrinking by -7.3% against the previous month. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in April 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices hit record highs at $104M per ton in December 2022; afterwards, it flattened through to October 2023.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($66.6M per ton), while the average price for exports to Belgium ($26.1M per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of platinum; unwrought or in semi-manufactured formses into Germany skyrocketed to 118 tons in 2022, with an increase of 30% on the previous year's figure. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of platinum; unwrought or in semi-manufactured formses expanded markedly to $9.2B in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. South Africa (30.4 tons)
2. Italy (21.1 tons)
3. Russia (9.8 tons)
4. United Kingdom (9.0 tons)
5. United States (8.3 tons)
6. Switzerland (6.0 tons)
7. France (4.1 tons)

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

For the third consecutive year, Germany recorded decline in overseas shipments of platinum; unwrought or in semi-manufactured formses, which decreased by -10.7% to 69 tons in 2022. Overall, exports showed a abrupt downturn. The smallest decline of -1.8% was in 2021.

In value terms, exports of platinum; unwrought or in semi-manufactured formses declined to $7B in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year.

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

1. United States (21.4 tons)
2. Brazil (6.0 tons)
3. France (5.9 tons)
4. United Kingdom (5.5 tons)
5. Japan (4.9 tons)
6. Belgium (4.7 tons)
7. Switzerland (4.6 tons)
8. Italy (2.3 tons)
9. Ireland (2.3 tons)
10. China (2.2 tons)
11. Austria (1.6 tons)
12. South Korea (1.2 tons)

Source: IndexBox Market Intelligence Platform