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

Contents:

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

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $64,403,795 per ton in 2022, which is down by -18.5% against the previous year. In general, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices attained the peak figure at $79,051,486 per ton in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($85,533,552 per ton), while the average price for exports to Hong Kong SAR ($23,243,810 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 Hong Kong SAR (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for platinum; unwrought or in semi-manufactured formses stood at $41.1M per ton in October 2023, with an increase of 1.6% against the previous month. In general, the import price, however, recorded a perceptible contraction. The growth pace was the most rapid in February 2023 an increase of 10% month-to-month. The import price peaked at $67.6M per ton in November 2022; however, from December 2022 to October 2023, 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 ($51.8M per ton), while the price for Switzerland ($33.5M 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 Switzerland (-0.8%), while the prices for the other major suppliers experienced a decline.

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

Exports of platinum; unwrought or in semi-manufactured formses from Italy expanded significantly to 74 tons in 2022, picking up by 5.2% against 2021. The total export volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 10%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of platinum; unwrought or in semi-manufactured formses reduced to $4.8B in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 51%.

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

1. Germany (23.1 tons)
2. Switzerland (12.9 tons)
3. Poland (10.9 tons)
4. United Kingdom (8.7 tons)
5. United States (6.3 tons)
6. France (3.0 tons)
7. Netherlands (2.2 tons)
8. Hong Kong SAR (0.3 tons)

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

Imports of platinum; unwrought or in semi-manufactured formses into Italy expanded significantly to 75 tons in 2022, growing by 9.9% on the previous year's figure. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of platinum; unwrought or in semi-manufactured formses shrank to $3.8B in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 59%.

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

1. United States (24.9 tons)
2. Germany (11.1 tons)
3. Switzerland (8.4 tons)
4. Russia (8.3 tons)
5. South Africa (5.6 tons)
6. Poland (3.5 tons)
7. United Kingdom (3.1 tons)

Source: IndexBox Market Intelligence Platform