Price for Platinum; Unwrought or in Semi-Manufactured Forms in Thailand - 2024
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Thailand (CIF) - 2022
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Thailand (FOB) - 2022
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Thailand
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Thailand
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Thailand (CIF) - 2022
In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $33,767,596 per ton, which is down by -9.2% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for platinum; unwrought or in semi-manufactured formses decreased by -12.9% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 75% against the previous year. The import price peaked at $38,751,137 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($70,444,519 per ton), while the price for Italy ($5,580,701 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+65.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Thailand (FOB) - 2022
The average export price for platinum; unwrought or in semi-manufactured formses stood at $4,252,541 per ton in 2022, waning by -10.8% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 255% against the previous year. Over the period under review, the average export prices hit record highs at $10,380,391 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($14,877,858 per ton), while the average price for exports to Guatemala ($851 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 Italy (+118.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Thailand
In 2022, the amount of platinum; unwrought or in semi-manufactured formses imported into Thailand expanded remarkably to 2.8 tons, growing by 5.6% on the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of platinum; unwrought or in semi-manufactured formses dropped to $94M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of $98M, and then contracted in the following year.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 58.1 | 28.9 | 23.8 | 24.2 | -25.3% |
| South Africa | 5.7 | 8.0 | 24.7 | 17.9 | 46.4% |
| Russia | N/A | 1.9 | 12.5 | 17.0 | 199.1% |
| Germany | 6.7 | 17.2 | 10.1 | 11.9 | 21.1% |
| United States | 6.8 | 8.9 | 7.5 | 9.3 | 11.0% |
| Hong Kong SAR | 3.7 | 3.8 | 10.7 | 5.6 | 14.8% |
| Italy | 2.4 | 1.2 | 4.3 | 3.7 | 15.5% |
| Others | 1.5 | 2.0 | 4.3 | 4.4 | 43.1% |
| Total | 85.0 | 71.8 | 97.9 | 93.8 | 3.3% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Thailand in 2022:
- Japan (672.0 kg)
- Italy (659.0 kg)
- United States (391.0 kg)
- Germany (283.0 kg)
- South Africa (256.0 kg)
- Russia (241.0 kg)
- Hong Kong SAR (164.0 kg)
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas shipments of platinum; unwrought or in semi-manufactured formses, which increased by 4.6% to 3.1 tons in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 125% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of platinum; unwrought or in semi-manufactured formses reduced to $13M in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 313% against the previous year. As a result, the exports reached the peak of $24M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.7 | 13.8 | 4.3 | 4.6 | 39.3% |
| Japan | 0.2 | 2.9 | 5.8 | 3.7 | 164.5% |
| Italy | N/A | 0.7 | 0.7 | 2.3 | 81.3% |
| Indonesia | 0.6 | 0.3 | 1.5 | 1.2 | 26.0% |
| Hong Kong SAR | 1.1 | 0.1 | 0.5 | 0.4 | -28.6% |
| Australia | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Singapore | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Guatemala | N/A | N/A | N/A | N/A | 0% |
| Others | 2.1 | 6.1 | 1.1 | 0.7 | -30.7% |
| Total | 5.8 | 23.8 | 14.2 | 13.2 | 31.5% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Thailand in 2022:
- Indonesia (1128.0 kg)
- Germany (479.0 kg)
- Italy (457.0 kg)
- Japan (247.0 kg)
- Singapore (202.0 kg)
- Guatemala (161.0 kg)
- Australia (86.0 kg)
- Hong Kong SAR (41.0 kg)
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This report provides an in-depth analysis of the platinum market in Thailand.
1025
This report provides an in-depth analysis of the global platinum market.
596
This report provides an in-depth analysis of the platinum market in Thailand.
1025
This report provides an in-depth analysis of the global platinum market.
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