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

Contents:

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

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

The average import price for platinum; unwrought or in semi-manufactured formses stood at $100,117,086 per ton in 2022, waning by -5.8% against the previous year. In general, the import price, however, recorded prominent growth. The pace of growth was the most pronounced in 2020 an increase of 68% against the previous year. Over the period under review, average import prices attained the maximum at $106,236,100 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($121,692,685 per ton), while the price for Spain ($66,983,455 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+108.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $24,023,643 per ton, waning by -14.6% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 -33.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 74% against the previous year. As a result, the export price reached the peak level of $36,179 per kg. From 2021 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 France ($62,065,667 per ton), while the average price for exports to Austria ($1,265,000 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 UK (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of platinum; unwrought or in semi-manufactured formses into Portugal surged to 268 kg, increasing by 16% on 2021 figures. Overall, imports, however, recorded a deep contraction.

In value terms, imports of platinum; unwrought or in semi-manufactured formses rose notably to $27M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 29%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. Italy (162.0 kg)
2. United Kingdom (46.0 kg)
3. Spain (22.0 kg)
4. Germany (19.0 kg)
5. Ireland (13.0 kg)

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

In 2022, approx. 14 kg of platinum; unwrought or in semi-manufactured formses were exported from Portugal; with an increase of 7.7% against 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. 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 dropped to $336K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -28.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. As a result, the exports reached the peak of $470K. 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 Portugal in 2022:

1. Germany (5.0 kg)
2. United States (4.0 kg)
3. France (3.0 kg)
4. Canada (1.0 kg)
5. Austria (1.0 kg)

Source: IndexBox Market Intelligence Platform