Price for Platinum; Unwrought or in Semi-Manufactured Forms in Turkey - 2024
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Turkey (FOB) - 2022
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Turkey (CIF) - 2022
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Turkey
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Turkey
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Turkey (FOB) - 2022
The average export price for platinum; unwrought or in semi-manufactured formses stood at $15,077,812 per ton in 2022, shrinking by -26.5% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2017 an increase of 64% against the previous year. The export price peaked at $25,099,394 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($28,129,667 per ton), while the average price for exports to Iran ($825,676 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 (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Turkey (CIF) - 2022
In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $14,291,536 per ton, reducing by -9.4% against the previous year. In general, the import price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 49%. Over the period under review, average import prices reached the maximum at $18,779,615 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 ($38,227,108 per ton), while the price for Italy ($3,572,321 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Turkey
In 2022, the amount of platinum; unwrought or in semi-manufactured formses exported from Turkey skyrocketed to 4.4 tons, growing by 30% on the previous year. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 175%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of platinum; unwrought or in semi-manufactured formses declined to $66M in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 158%.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 1.2 | 36.4 | 41.6 | 488.8% |
| Switzerland | 14.4 | 32.9 | 28.4 | 20.8 | 13.0% |
| Japan | N/A | N/A | N/A | 1.6 | 0% |
| Iran | N/A | N/A | 0.2 | 1.5 | 650.0% |
| Germany | 0.1 | 5.3 | 3.4 | N/A | 483.1% |
| Others | 1.6 | 2.1 | 0.9 | 0.8 | -20.6% |
| Total | 16.1 | 41.6 | 69.2 | 66.3 | 60.3% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Turkey in 2022:
- Iran (1825.0 kg)
- Italy (1479.0 kg)
- Switzerland (903.0 kg)
- Japan (68.0 kg)
- Germany (1.0 kg)
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Turkey
For the fourth year in a row, Turkey recorded growth in overseas purchases of platinum; unwrought or in semi-manufactured formses, which increased by 16% to 666 kg in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 76%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of platinum; unwrought or in semi-manufactured formses expanded slightly to $9.5M in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 570 | 2,212 | 2,009 | 3,555 | 84.1% |
| United Kingdom | 362 | 1,857 | 2,424 | 2,132 | 80.6% |
| Italy | 207 | 171 | 745 | 1,336 | 86.2% |
| Japan | 1,298 | 94.6 | 851 | 972 | -9.2% |
| Germany | 972 | 678 | 1,096 | 889 | -2.9% |
| Austria | 407 | 667 | 644 | 306 | -9.1% |
| United States | 336 | 308 | 732 | 120 | -29.1% |
| China | 3.0 | 1.7 | 32.1 | 84.8 | 204.6% |
| Others | 125 | 153 | 556 | 123 | -0.5% |
| Total | 4,280 | 6,141 | 9,089 | 9,518 | 30.5% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Turkey in 2022:
- Italy (374.0 kg)
- Switzerland (93.0 kg)
- United Kingdom (66.0 kg)
- Germany (42.0 kg)
- Japan (35.0 kg)
- Austria (27.0 kg)
- China (14.0 kg)
- United States (4.0 kg)
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This report provides an in-depth analysis of the platinum market in Turkey.
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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 Turkey.
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This report provides an in-depth analysis of the global platinum market.
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