Price for Platinum; Unwrought or in Semi-Manufactured Forms in Russia - 2022
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Russia (FOB) - 2022
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Russia (CIF) - 2022
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Russia
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Russia
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Russia (FOB) - 2022
In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $70,979,976 per ton, with a decrease of -6.6% against the previous year. Overall, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 42%. The export price peaked at $75,998,374 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($87,929,542 per ton), while the average price for exports to the UK ($52,673,351 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 (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Russia (CIF) - 2022
In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $52,529,678 per ton, surging by 41% against the previous year. In general, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 369%. Over the period under review, average import prices reached the peak figure at $73,750,764 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 ($87,100,211 per ton), while the price for Switzerland ($24,078,069 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+15,116.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Russia
In 2022, approx. 151 tons of platinum; unwrought or in semi-manufactured formses were exported from Russia; standing approx. at the previous year. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 7.9%. As a result, the exports attained the peak of 155 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of platinum; unwrought or in semi-manufactured formses fell to $10.7B in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 +61.9% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 53% against the previous year.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in Russia (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.6 | 2.2 | 2.5 | 2.8 | 20.5% |
| China | 0.5 | 1.4 | 1.2 | 1.7 | 50.4% |
| Japan | 1.1 | 1.6 | 1.4 | 1.5 | 10.9% |
| Hong Kong SAR | 0.3 | 0.7 | 0.7 | 1.5 | 71.0% |
| Germany | 0.8 | 0.8 | 1.3 | 1.2 | 14.5% |
| Italy | 0.7 | 0.7 | 1.2 | 1.1 | 16.3% |
| United Kingdom | 1.0 | 2.1 | 2.0 | 0.7 | -11.2% |
| Others | 0.6 | 0.7 | 1.1 | 0.3 | -20.6% |
| Total | 6.6 | 10.1 | 11.3 | 10.7 | 17.5% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Russia in 2022:
- United States (35.9 tons)
- China (27.3 tons)
- Hong Kong SAR (22.4 tons)
- Japan (21.2 tons)
- Germany (13.9 tons)
- Italy (13.0 tons)
- United Kingdom (12.4 tons)
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Russia
Imports of platinum; unwrought or in semi-manufactured formses into Russia dropped markedly to 761 kg in 2022, with a decrease of -32.6% on 2021 figures. Overall, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. As a result, imports attained the peak of 1.1 tons, and then fell markedly in the following year.
In value terms, imports of platinum; unwrought or in semi-manufactured formses contracted to $40M in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 12%. As a result, imports attained the peak of $42M, and then dropped in the following year.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 0.9 | 22.5 | 23.4 | 409.9% |
| United Kingdom | 3.9 | N/A | N/A | 8.9 | 31.7% |
| Switzerland | 0.8 | 0.7 | 2.4 | 2.4 | 44.2% |
| Germany | 35.5 | 32.8 | 5.4 | 1.7 | -63.7% |
| Uzbekistan | 0.5 | 1.4 | 1.8 | 1.6 | 47.4% |
| Poland | N/A | N/A | N/A | 1.0 | 0% |
| Armenia | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 1.9 | 10.1 | 0.8 | 100.0% |
| Total | 40.8 | 37.8 | 42.2 | 40.0 | -0.7% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Russia in 2022:
- United Arab Emirates (380.0 kg)
- United Kingdom (193.0 kg)
- Switzerland (101.0 kg)
- Uzbekistan (31.0 kg)
- Poland (27.0 kg)
- Germany (19.0 kg)
- Armenia (3.0 kg)
350
This report provides an in-depth analysis of the platinum market in the Russian Federation.
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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 the Russian Federation.
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This report provides an in-depth analysis of the global platinum market.
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