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

Contents:

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

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

In November 2023, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $42.0M per ton, growing by 1.6% against the previous month. Overall, the import price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in June 2023 an increase of 8.2% month-to-month. The import price peaked at $86.1M per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($90.2M per ton), while the price for Taiwan (Chinese) ($25.9M per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $35,998,315 per ton in 2022, increasing by 24% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for platinum; unwrought or in semi-manufactured formses increased by +112.1% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 33%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($93,689,071 per ton), while the average price for exports to Indonesia ($2,545,207 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 United States (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 127 tons of platinum; unwrought or in semi-manufactured formses were imported into Japan; picking up by 2.9% on 2021. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of platinum; unwrought or in semi-manufactured formses dropped to $9.7B in 2022. In general, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 63%. As a result, imports reached the peak of $11.4B, and then shrank in the following year.

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

1. South Africa (84.7 tons)
2. Russia (14.9 tons)
3. United States (9.3 tons)
4. Taiwan (Chinese) (4.8 tons)
5. Germany (3.3 tons)
6. South Korea (2.7 tons)
7. Belgium (2.6 tons)
8. United Kingdom (1.3 tons)

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

In 2022, after three years of growth, there was decline in overseas shipments of platinum; unwrought or in semi-manufactured formses, when their volume decreased by -1.4% to 61 tons. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 6.7%.

In value terms, exports of platinum; unwrought or in semi-manufactured formses skyrocketed to $2.2B in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.5% 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 +97.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

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

1. South Korea (8.2 tons)
2. Singapore (7.7 tons)
3. China (7.5 tons)
4. Hong Kong SAR (7.4 tons)
5. United States (5.8 tons)
6. Switzerland (5.0 tons)
7. Indonesia (4.4 tons)
8. Taiwan (Chinese) (4.3 tons)
9. Malaysia (4.0 tons)
10. Thailand (1.2 tons)
11. United Kingdom (1.1 tons)
12. Germany (1.1 tons)

Source: IndexBox Market Intelligence Platform