Metals; Platinum, Semi-Manufactured Price in Singapore - 2022
Contents:
- Metals; Platinum, Semi-Manufactured Price in Singapore (CIF) - 2022
- Metals; Platinum, Semi-Manufactured Price in Singapore (FOB) - 2022
- Metals; Platinum, Semi-Manufactured Imports in Singapore
- Metals; Platinum, Semi-Manufactured Exports in Singapore
Metals; Platinum, Semi-Manufactured Price in Singapore (CIF) - 2022
In 2022, the average metals; platinum, semi-manufactured import price amounted to $21,523,412 per ton, rising by 27% against the previous year. In general, the import price posted strong growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 73%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
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 ($32,478,982 per ton), while the price for Taiwan (Chinese) ($15,051,028 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Metals; Platinum, Semi-Manufactured Price in Singapore (FOB) - 2022
The average metals; platinum, semi-manufactured export price stood at $5,508,654 per ton in 2022, falling by -9.4% against the previous year. Overall, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 122%. As a result, the export price reached the peak level of $7,191 per kg. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
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 United States ($14,748,696 per ton), while the average price for exports to Hong Kong SAR ($773,151 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 the United States (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.
Metals; Platinum, Semi-Manufactured Imports in Singapore
Metals; platinum, semi-manufactured imports into Singapore stood at 12 tons in 2022, increasing by 2.9% against 2021 figures. The total import volume increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, metals; platinum, semi-manufactured imports soared to $252M in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 50%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Metals; Platinum, Semi-Manufactured in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 78.3 | 67.3 | 134 | 199 | 36.5% |
| Germany | 5.3 | 7.4 | 9.6 | 14.3 | 39.2% |
| Taiwan (Chinese) | 0.2 | 0.3 | 11.9 | 12.5 | 296.9% |
| Switzerland | 7.1 | 23.5 | 19.8 | 7.3 | 0.9% |
| United States | 2.4 | 4.0 | 6.3 | 7.0 | 42.9% |
| South Africa | 0.1 | 4.2 | 0.9 | 6.5 | 302.1% |
| Others | 3.1 | 21.7 | 10.6 | 5.6 | 21.8% |
| Total | 96.5 | 128 | 193 | 252 | 37.7% |
Top Suppliers of Metals; Platinum, Semi-Manufactured to Singapore in 2022:
- Japan (9.0 tons)
- Taiwan (Chinese) (0.8 tons)
- Germany (0.8 tons)
- United States (0.3 tons)
- South Africa (0.2 tons)
- Switzerland (0.2 tons)
Metals; Platinum, Semi-Manufactured Exports in Singapore
In 2022, approx. 12 tons of metals; platinum, semi-manufactureds were exported from Singapore; growing by 12% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, the exports attained the peak of 13 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, metals; platinum, semi-manufactured exports stood at $64M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Metals; Platinum, Semi-Manufactured in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 20.7 | 17.9 | 39.1 | 34.0 | 18.0% |
| United States | 6.5 | 8.7 | 9.8 | 9.6 | 13.9% |
| Taiwan (Chinese) | N/A | N/A | 0.6 | 7.7 | 1183.3% |
| Germany | 3.2 | 2.3 | 4.8 | 4.8 | 14.5% |
| China | N/A | 0.2 | 1.5 | 2.3 | 239.1% |
| Hong Kong SAR | 6.1 | 7.4 | 2.2 | 0.1 | -74.6% |
| Others | 0.8 | 13.8 | 5.0 | 5.3 | 87.8% |
| Total | 37.3 | 50.4 | 63.0 | 63.7 | 19.5% |
Top Export Markets for Metals; Platinum, Semi-Manufactured from Singapore in 2022:
- Japan (6.5 tons)
- Taiwan (Chinese) (2.8 tons)
- Germany (1.1 tons)
- United States (0.7 tons)
- China (0.2 tons)
- Hong Kong SAR (0.1 tons)
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This report provides an in-depth analysis of the platinum market in Singapore.
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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 Singapore.
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This report provides an in-depth analysis of the global platinum market.
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
184
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
2927
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
1590
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
2043
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
