Australia and Oceania: Platinum Ore Market 2020

Platinum Ore Market Size in Australia and Oceania

The revenue of the platinum ore market in Australia and Oceania amounted to $X in 2017, increasing by X% against the previous year. The platinum ore consumption continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2017, when it surged by X% y-o-y. Over the period under review, the platinum ore market attained its maximum level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Platinum Ore Production in Australia and Oceania

In 2017, the amount of platinum ores and concentrates produced in Australia and Oceania totaled X tons, stabilizing at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2009, with an increase of X% y-o-y. Over the period under review, the platinum ore production attained its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

Platinum Ore Exports in Australia and Oceania

In 2017, the amount of platinum ores and concentrates exported in Australia and Oceania stood at X tons, falling by -X% against the previous year. The platinum ore exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014, with an increase of X% against the previous year. Over the period under review, the platinum ore exports reached its peak figure volume of X tons in 2016, and then declined slightly in the following year.

In value terms, platinum ore exports stood at $X in 2017. The total exports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the platinum ore exports increased by +X% against 2013 indices. The level of exports peaked of $X in 2016, leveling off in the following year.

Platinum Ore Exports by Country in Australia and Oceania

Australia dominates platinum ore exports structure, amounting to X tons, which was approx. X% of total exports in 2017. It was distantly followed by Papua New Guinea (X tons), creating X% share of total exports.

Australia was also the fastest growing in terms of the platinum ores and concentrates exports, with a CAGR of +X% from 2007 to 2017. At the same time, Papua New Guinea (+X%) displayed positive paces of growth. Papua New Guinea (-X%) and Australia (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest platinum ore supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of global exports.

From 2007 to 2017, the average annual rate of growth in terms of value in Australia amounted to +X%.

Platinum Ore Export Prices by Country in Australia and Oceania

The platinum ore export price in Australia and Oceania stood at $X per ton in 2017, jumping by X% against the previous year. The platinum ore export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017, when the export prices increased by X% y-o-y. Over the period under review, the export prices for platinum ores and concentrates reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Australia ($X per ton) and Papua New Guinea ($X per ton), while Papua New Guinea ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Australia (-X% per year).

Platinum Ore Imports in Australia and Oceania

In 2017, the amount of platinum ores and concentrates imported in Australia and Oceania amounted to X tons, going down by -X% against the previous year. The platinum ore imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. In that year, the platinum ore imports reached their peak volume of X tons. From 2009 to 2017, growth of the platinum ore imports failed to regain its momentum.

In value terms, platinum ore imports stood at $X in 2017. The platinum ore imports continue to indicate a precipitous deduction. In that year, the platinum ore imports attained their peak level of $X. From 2013 to 2017, growth of the platinum ore imports stood at a somewhat lower level.

Platinum Ore Imports by Country in Australia and Oceania

In 2017, Australia (X tons) and Papua New Guinea (X tons) were the key importers of platinum ores and concentrates in Australia and Oceania, achieving X% of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Papua New Guinea (+X% per year).

In value terms, Australia ($X) constitutes the largest market for imported platinum ores and concentrates in Australia and Oceania, making up X% of global imports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of global imports.

In Australia, platinum ore imports declined by an average annual rate of -X% over the period from 2007-2017.

Platinum Ore Import Prices by Country in Australia and Oceania

The platinum ore import price in Australia and Oceania stood at $X per kg in 2017, reducing by -X% against the previous year. The platinum ore import price continues to indicate a prominent growth. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. Over the period under review, the import prices for platinum ores and concentrates reached its maximum level of $X per kg in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Australia ($X per kg), while Papua New Guinea ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Australia (+X% per year).

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Source: IndexBox Platform