Price for Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg - 2023
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg (CIF) - 2022
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg (FOB) - 2022
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg (CIF) - 2022
In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $2,981,963 per ton, waning by -56.9% against the previous year. Over the period under review, the import price, however, continues to indicate a measured increase. The growth pace was the most rapid in 2021 when the average import price increased by 272%. As a result, import price attained the peak level of $6,921 per kg, and then shrank remarkably in the following year.
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 ($3,319,464 per ton), while the price for Italy ($730,850 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg (FOB) - 2022
The average export price for platinum; unwrought or in semi-manufactured formses stood at $2,570,915 per ton in 2022, waning by -27.6% against the previous year. Overall, the export price recorded a mild decline. The pace of growth appeared the most rapid in 2021 an increase of 101%. Over the period under review, the average export prices attained the maximum at $4,636,038 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +10.5% per year.
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg
For the third consecutive year, Luxembourg recorded decline in overseas purchases of platinum; unwrought or in semi-manufactured formses, which decreased by -18.6% to 323 kg in 2022. Overall, imports recorded a sharp downturn.
In value terms, imports of platinum; unwrought or in semi-manufactured formses dropped remarkably to $963K in 2022. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 91%. As a result, imports attained the peak of $2.7M, and then contracted rapidly in the following year.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 39.3 | 170 | 213 | 501 | 133.6% |
| Switzerland | 1,259 | 1,216 | 424 | 394 | -32.1% |
| France | 38.1 | 36.8 | 10.5 | 36.5 | -1.4% |
| Italy | N/A | 2.1 | 2.1 | 14.6 | 163.7% |
| Belgium | 9.8 | 5.5 | 10.7 | 8.7 | -3.9% |
| United Kingdom | N/A | N/A | 8.6 | 6.7 | -22.1% |
| United States | 1.3 | 0.2 | 190 | 0.5 | -27.3% |
| Others | 174 | 6.3 | 1,889 | 0.5 | -85.8% |
| Total | 1,522 | 1,437 | 2,747 | 963 | -14.2% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Luxembourg in 2022:
- Germany (151.0 kg)
- Switzerland (119.0 kg)
- Italy (20.0 kg)
- France (17.0 kg)
- Belgium (8.0 kg)
- United Kingdom (5.0 kg)
- United States (1.0 kg)
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg
After three years of growth, overseas shipments of platinum; unwrought or in semi-manufactured formses decreased by -20.9% to 106 kg in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.9% 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 +55.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year.
In value terms, exports of platinum; unwrought or in semi-manufactured formses contracted rapidly to $273K in 2022. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2021 when exports increased by 157%. As a result, the exports reached the peak of $476K, and then declined sharply in the following year.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 141 | 60.7 | 284 | 273 | 24.6% |
| Czech Republic | N/A | N/A | 159 | N/A | 0% |
| Belgium | 18.3 | 116 | N/A | N/A | 533.9% |
| Others | 0.2 | 8.9 | 32.7 | N/A | 1178.7% |
| Total | 160 | 186 | 476 | 273 | 19.5% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Luxembourg in 2022:
- Germany (105.0 kg)
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