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

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Estonia (CIF) - 2022
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Estonia (FOB) - 2023
3. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Estonia
4. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Estonia

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $7,693,857 per ton, with an increase of 68% against the previous year. Over the period under review, the import price saw noticeable growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 2,057%. Over the period under review, average import prices attained the maximum at $41,964,286 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Finland ($8,914,333 per ton), while the price for Germany amounted to $371,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+59.1%), while the prices for the other major suppliers experienced a decline.

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Estonia (FOB) - 2023

The average export price for platinum; unwrought or in semi-manufactured formses stood at $27.8M per ton in October 2023, approximately reflecting the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 0.1% month-to-month. As a result, the export price reached the peak level of $28,024 per kg, leveling off in the following month.

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

From August 2023 to October 2023, the rate of growth in terms of prices for Spain amounted to +0.3% per month.

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

In 2022, supplies from abroad of platinum; unwrought or in semi-manufactured formses decreased by -50% to 7 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 100%. As a result, imports attained the peak of 14 kg, and then contracted notably in the following year.

In value terms, imports of platinum; unwrought or in semi-manufactured formses fell notably to $54K in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 3,674% against the previous year. As a result, imports reached the peak of $125K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Finland (6.0 kg)
2. Germany (1.0 kg)

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

For the third year in a row, Estonia recorded growth in overseas shipments of platinum; unwrought or in semi-manufactured formses, which increased by 300% to 4 kg in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of platinum; unwrought or in semi-manufactured formses surged to $34K in 2021. Overall, exports, however, faced a abrupt slump.

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

1. Poland (1.0 kg)
2. Finland (1.0 kg)
3. Norway (1.0 kg)
4. Sweden (1.0 kg)

Source: IndexBox Market Intelligence Platform