Price for Platinum; Unwrought or in Semi-Manufactured Forms in Belgium - 2023

Contents:

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

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $40,147,526 per ton in 2022, picking up by 28% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for platinum; unwrought or in semi-manufactured formses decreased by -4.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 44%. The export price peaked at $41,970,996 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($83,273,634 per ton), while the average price for exports to Kuwait ($171,815 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 South Korea (+45.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for platinum; unwrought or in semi-manufactured formses stood at $12,418,689 per ton in 2022, with an increase of 73% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The import price peaked at $30,820,195 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Spain ($14,990,229 per ton), while the price for France ($1,800,988 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-3.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, after three years of growth, there was significant decline in overseas shipments of platinum; unwrought or in semi-manufactured formses, when their volume decreased by -33.6% to 126 tons. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 97%. As a result, the exports reached the peak of 189 tons, and then fell rapidly in the following year.

In value terms, exports of platinum; unwrought or in semi-manufactured formses contracted remarkably to $5B in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year.

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

1. Germany (84.2 tons)
2. United Kingdom (16.9 tons)
3. United States (12.4 tons)
4. South Korea (3.4 tons)
5. Kuwait (2.2 tons)

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

For the fourth year in a row, Belgium recorded growth in supplies from abroad of platinum; unwrought or in semi-manufactured formses, which increased by 39% to 152 tons in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 312% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of platinum; unwrought or in semi-manufactured formses skyrocketed to $1.9B in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 228%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Germany (129.1 tons)
2. France (8.0 tons)
3. United Kingdom (6.6 tons)
4. Spain (3.1 tons)

Source: IndexBox Market Intelligence Platform