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

Contents:

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

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $12,774,318 per ton, reducing by -27.3% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs at $36,573,906 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($38,593,016 per ton), while the price for Japan ($5,893,231 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $5,497,151 per ton, with an increase of 14% against the previous year. In general, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 146%. The export price peaked at $26,452,314 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10,176,103 per ton), while the average price for exports to Portugal ($1,869,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+8.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of platinum; unwrought or in semi-manufactured formses into Ireland surged to 56 tons, increasing by 192% on 2021. Over the period under review, imports continue to indicate a significant increase. 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 soared to $713M in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 147%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

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

1. Japan (23.9 tons)
2. United States (12.4 tons)
3. South Africa (7.1 tons)
4. Switzerland (4.2 tons)
5. Germany (3.7 tons)
6. United Kingdom (3.4 tons)

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

For the fourth consecutive year, Ireland recorded growth in overseas shipments of platinum; unwrought or in semi-manufactured formses, which increased by 7.8% to 4.2 tons in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 481% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of platinum; unwrought or in semi-manufactured formses surged to $23M in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 478% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. United States (1366.0 kg)
2. Germany (977.0 kg)
3. United Kingdom (908.0 kg)
4. Portugal (728.0 kg)

Source: IndexBox Market Intelligence Platform