Price for Platinum; Unwrought or in Semi-Manufactured Forms in South Africa - 2024
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in South Africa (FOB) - 2024
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in South Africa (CIF) - 2022
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in South Africa
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in South Africa
Price for Platinum; Unwrought or in Semi-Manufactured Forms in South Africa (FOB) - 2024
In January 2024, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $35.7M per ton, reducing by -4.3% against the previous month. Overall, the export price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in September 2023 when the average export price increased by 4.9% against the previous month. Over the period under review, the average export prices reached the maximum at $61.7M per ton in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In January 2024, the highest price was recorded for prices to Japan ($41.0M per ton) and Germany ($36.8M per ton), while the average price for exports to Hong Kong SAR ($28.6M per ton) and the UK ($30.3M per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-3.6%), while the prices for the other major destinations experienced a decline.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in South Africa (CIF) - 2022
In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $5,270,113 per ton, declining by -55.3% against the previous year. In general, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 868% against the previous year. Over the period under review, average import prices attained the peak figure at $26,939,451 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 ($28,987,871 per ton), while the price for the United States ($331,672 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in South Africa
In 2022, exports of platinum; unwrought or in semi-manufactured formses from South Africa dropped markedly to 249 tons, which is down by -24.3% compared with 2021 figures. In general, total exports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. As a result, the exports attained the peak of 329 tons, and then declined remarkably in the following year.
In value terms, exports of platinum; unwrought or in semi-manufactured formses fell significantly to $16.7B in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 116%. As a result, the exports attained the peak of $23.2B, and then declined rapidly in the following year.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in South Africa (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.2 | 2.3 | 6.0 | 6.0 | 39.7% |
| United States | 2.0 | 3.3 | 6.9 | 4.6 | 32.0% |
| United Kingdom | 2.1 | 2.0 | 5.1 | 3.0 | 12.6% |
| Germany | 0.5 | 0.9 | 1.8 | 1.5 | 44.2% |
| Hong Kong SAR | 0.7 | 1.1 | 1.8 | 0.7 | 0.0% |
| China | N/A | 0.1 | 0.7 | 0.5 | 123.6% |
| Switzerland | 0.4 | 0.6 | 0.6 | 0.2 | -20.6% |
| Others | 0.2 | 0.4 | 0.3 | 0.2 | 0.0% |
| Total | 8.3 | 10.7 | 23.2 | 16.7 | 26.2% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from South Africa in 2022:
- Japan (75.6 tons)
- United States (54.0 tons)
- United Kingdom (53.1 tons)
- Germany (22.3 tons)
- Hong Kong SAR (17.0 tons)
- China (13.8 tons)
- Switzerland (5.9 tons)
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in South Africa
In 2022, purchases abroad of platinum; unwrought or in semi-manufactured formses decreased by -14.4% to 5.9 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 223%. As a result, imports reached the peak of 11 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of platinum; unwrought or in semi-manufactured formses declined remarkably to $31M in 2022. In general, imports recorded a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 64%. As a result, imports attained the peak of $113M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 44.5 | 62.8 | 27.6 | 11.1 | -37.1% |
| Switzerland | 0.4 | 4.9 | 3.1 | 8.3 | 174.8% |
| United Kingdom | 1.2 | 1.8 | N/A | 4.2 | 51.8% |
| Norway | N/A | N/A | N/A | 2.7 | 0% |
| Italy | 4.7 | 3.9 | 11.4 | 1.8 | -27.4% |
| Belgium | 1.2 | 9.0 | 12.6 | 1.5 | 7.7% |
| South Korea | N/A | N/A | N/A | 0.5 | 0% |
| United States | 0.4 | 2.9 | N/A | 0.1 | -37.0% |
| Russia | 15.6 | 11.2 | 25.2 | N/A | 27.1% |
| Others | 0.8 | 16.6 | 1.7 | 1.1 | 11.2% |
| Total | 68.7 | 113 | 81.7 | 31.3 | -23.1% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to South Africa in 2022:
- Norway (1982.0 kg)
- United Kingdom (1107.0 kg)
- South Korea (802.0 kg)
- Italy (528.0 kg)
- Germany (468.0 kg)
- United States (354.0 kg)
- Switzerland (286.0 kg)
- Belgium (87.0 kg)
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