Price for Platinum; Unwrought or in Semi-Manufactured Forms in the Dominican Republic - 2023

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in the Dominican Republic (CIF) - 2023
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in the Dominican Republic (FOB) - 2022
3. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in the Dominican Republic
4. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in the Dominican Republic

Price for Platinum; Unwrought or in Semi-Manufactured Forms in the Dominican Republic (CIF) - 2023

In February 2023, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $4.3M per ton, surging by 16% against the previous month. Over the period under review, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 202% m-o-m. As a result, import price reached the peak level of $29,999 per kg; afterwards, it flattened through to February 2023.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From February 2022 to February 2023, the rate of growth in terms of prices for the United States amounted to -4.0% per month.

Price for Platinum; Unwrought or in Semi-Manufactured Forms in the Dominican Republic (FOB) - 2022

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $21,115,000 per ton, falling by -60.6% against the previous year. Over the period under review, the export price, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 2,518,926% against the previous year. Over the period under review, the average export prices hit record highs at $53,611,527 per ton in 2021, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($34,515,000 per ton), while the average price for exports to Haiti totaled $14,415,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+178.3%).

Imports of Platinum; Unwrought or in Semi-Manufactured Forms in the Dominican Republic

In 2022, imports of platinum; unwrought or in semi-manufactured formses into the Dominican Republic contracted to 5.4 tons, waning by -7.1% on the year before. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 191% against the previous year. As a result, imports reached the peak of 5.9 tons, and then contracted in the following year.

In value terms, imports of platinum; unwrought or in semi-manufactured formses declined to $52M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 91%. As a result, imports reached the peak of $55M, and then fell in the following year.

Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to the Dominican Republic in 2022:

1. United States (5.4 tons)

Exports of Platinum; Unwrought or in Semi-Manufactured Forms in the Dominican Republic

Exports of platinum; unwrought or in semi-manufactured formses from the Dominican Republic reduced remarkably to 3 kg in 2022, with a decrease of -99.6% against 2021 figures. Over the period under review, exports recorded a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year.

In value terms, exports of platinum; unwrought or in semi-manufactured formses reduced rapidly to $63K in 2022. In general, exports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 87%. As a result, the exports reached the peak of $44M, and then reduced remarkably in the following year.

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

1. Haiti (2.0 kg)
2. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform