Price for Platinum; Unwrought or in Semi-Manufactured Forms in Israel - 2024
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Israel (CIF) - 2024
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Israel (FOB) - 2022
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Israel
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Israel
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Israel (CIF) - 2024
The average import price for platinum; unwrought or in semi-manufactured formses stood at $37.4M per ton in January 2024, falling by -5.1% against the previous month. Over the period under review, the import price saw a mild setback. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 44% m-o-m. Over the period under review, average import prices attained the peak figure at $59.8M per ton in February 2023; however, from March 2023 to January 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($61.0M per ton), while the price for Germany ($25.7M per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the UK (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Israel (FOB) - 2022
In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $29,875,000 per ton, shrinking by -25.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 236%. The export price peaked at $44,200,000 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($45,000,000 per ton), while the average price for exports to Canada ($20,000,000 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 the UK (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Israel
In 2022, approx. 389 kg of platinum; unwrought or in semi-manufactured formses were imported into Israel; picking up by 58% on the year before. Over the period under review, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of platinum; unwrought or in semi-manufactured formses rose rapidly to $16M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.3 | 6.5 | 9.9 | 9.9 | 10.7% |
| United Kingdom | 1.7 | 1.3 | 3.0 | 4.5 | 38.3% |
| South Korea | 0.5 | 0.4 | 0.7 | 1.1 | 30.1% |
| Czech Republic | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Germany | 0.3 | 0.5 | 0.3 | 0.2 | -12.6% |
| Others | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Total | 10.0 | 8.9 | 14.1 | 16.0 | 17.0% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Israel in 2022:
- United States (161.0 kg)
- United Kingdom (121.0 kg)
- South Korea (87.0 kg)
- Czech Republic (6.0 kg)
- Germany (6.0 kg)
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Israel
Exports of platinum; unwrought or in semi-manufactured formses from Israel contracted markedly to 8 kg in 2022, with a decrease of -61.9% against the previous year's figure. In general, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 163%.
In value terms, exports of platinum; unwrought or in semi-manufactured formses shrank significantly to $239K in 2022. Overall, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 488%.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.0 | N/A | 2.0 | 133 | 123.0% |
| United Kingdom | 1,176 | N/A | 817 | 45.0 | -66.3% |
| Germany | N/A | 122 | N/A | 38.0 | -44.2% |
| Canada | 2.0 | 15.0 | 27.0 | 20.0 | 115.4% |
| Italy | 80.0 | N/A | N/A | N/A | 0% |
| Others | N/A | 7.0 | N/A | 3.0 | -34.5% |
| Total | 1,270 | 144 | 846 | 239 | -42.7% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Israel in 2022:
- United States (4.0 kg)
- United Kingdom (1.0 kg)
- Germany (1.0 kg)
- Canada (1.0 kg)
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This report provides an in-depth analysis of the platinum market in Israel.
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This report provides an in-depth analysis of the global platinum market.
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This report provides an in-depth analysis of the platinum market in Israel.
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This report provides an in-depth analysis of the global platinum market.
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