Price for Platinum; Unwrought or in Semi-Manufactured Forms in Switzerland - 2024

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Switzerland (CIF) - 2024
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Switzerland (FOB) - 2022
3. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Switzerland
4. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Switzerland

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Switzerland (CIF) - 2024

In January 2024, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $33.1M per ton, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 23% m-o-m. Over the period under review, average import prices attained the peak figure at $35.0M per ton in November 2023; afterwards, it flattened through to January 2024.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($36.8M per ton), while the price for France ($8.7M per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $44,351,740 per ton in 2022, declining by -8.8% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +68.5% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 37%. The export price peaked at $48,642,820 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($65,741,305 per ton), while the average price for exports to Austria ($26,817,938 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 France (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of platinum; unwrought or in semi-manufactured formses decreased by -1.9% to 73 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year.

In value terms, imports of platinum; unwrought or in semi-manufactured formses declined remarkably to $2.5B in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 63% against the previous year.

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

1. United States (24.6 tons)
2. Italy (11.5 tons)
3. South Africa (5.8 tons)
4. United Kingdom (5.1 tons)
5. Hong Kong SAR (4.9 tons)
6. Germany (4.2 tons)
7. France (4.0 tons)
8. Japan (3.5 tons)
9. Canada (1.3 tons)
10. Finland (1.3 tons)
11. Russia (1.3 tons)

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

In 2022, shipments abroad of platinum; unwrought or in semi-manufactured formses decreased by -9.3% to 44 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports reached the peak of 60 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 shrank dramatically to $2B in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 26%. As a result, the exports reached the peak of $2.5B. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. United States (11.8 tons)
2. Italy (8.5 tons)
3. United Kingdom (7.5 tons)
4. Germany (6.4 tons)
5. Austria (1.6 tons)
6. Hong Kong SAR (1.4 tons)
7. Canada (1.2 tons)
8. Australia (1.0 tons)
9. United Arab Emirates (1.0 tons)
10. France (1.0 tons)
11. Japan (0.9 tons)
12. China (0.7 tons)

Source: IndexBox Market Intelligence Platform