Price for Platinum; Unwrought or in Semi-Manufactured Forms in Nepal - 2022

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

The average import price for platinum; unwrought or in semi-manufactured formses stood at $46,000 per ton in 2022, which is down by -37.4% against the previous year. Over the period under review, the import price recorded a dramatic downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 3,827% against the previous year. As a result, import price reached the peak level of $2,147 per kg. From 2016 to 2022, the average import prices remained 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 Switzerland ($87,000 per ton), while the price for India totaled $5,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+90.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, imports of platinum; unwrought or in semi-manufactured formses into Nepal stood at 2 kg, remaining constant against 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of platinum; unwrought or in semi-manufactured formses dropped notably to $92 in 2022. In general, imports faced a precipitous slump. The smallest decline of -20.1% was in 2021.