Price for Platinum; Unwrought or in Semi-Manufactured Forms in Bahrain - 2022

Contents:

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

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Bahrain (CIF) - 2022

The average import price for platinum; unwrought or in semi-manufactured formses stood at $983,856 per ton in 2022, with a decrease of -64.1% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 an increase of 196% against the previous year. Over the period under review, average import prices reached the maximum at $6,494,667 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 the UK ($3,708,286 per ton), while the price for the United States ($79,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+75.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Bahrain (FOB) - 2022

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $60,863,000 per ton, rising by 98,864% against the previous year. Overall, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 943,073% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +24.3% per year.

Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Bahrain

In 2022, imports of platinum; unwrought or in semi-manufactured formses into Bahrain soared to 160 kg, growing by 25% compared with the previous year's figure. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 753%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of platinum; unwrought or in semi-manufactured formses contracted markedly to $157K in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 260%. As a result, imports attained the peak of $351K, and then contracted significantly in the following year.

Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Bahrain in 2022:

1. Italy (80.0 kg)
2. India (51.0 kg)
3. United Kingdom (21.0 kg)
4. United States (8.0 kg)

Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Bahrain

In 2022, shipments abroad of platinum; unwrought or in semi-manufactured formses decreased by 0% to 2 kg, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 1,000% against the previous year. As a result, the exports attained the peak of 22 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of platinum; unwrought or in semi-manufactured formses soared to $122K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 10,374,800%. As a result, the exports reached the peak of $1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. United Arab Emirates (2.0 kg)

Source: IndexBox Market Intelligence Platform