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

Contents:

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

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $932,000 per ton, with an increase of 33% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 266% against the previous year. The import price peaked at $1,893,308 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($1,564,000 per ton), while the price for the United Arab Emirates totaled $300,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $259,000 per ton in 2022, with an increase of 96% against the previous year. In general, the export price enjoyed temperate growth. The pace of growth was the most pronounced in 2015 an increase of 205%. As a result, the export price reached the peak level of $928,500 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +3.9% per year.

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

In 2022, approx. 2 kg of platinum; unwrought or in semi-manufactured formses were imported into Tanzania; with a decrease of -50% on the year before. In general, imports faced a dramatic decrease.

In value terms, imports of platinum; unwrought or in semi-manufactured formses reduced rapidly to $1.9K in 2022. Overall, imports recorded a dramatic shrinkage. The smallest decline of -18.4% was in 2021.

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

1. United Arab Emirates (1.0 kg)
2. South Africa (1.0 kg)

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

Exports of platinum; unwrought or in semi-manufactured formses from Tanzania dropped notably to 1 kg in 2022, waning by -50% on the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 100% against the previous year.

In value terms, exports of platinum; unwrought or in semi-manufactured formses declined to $259 in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 3.9%. As a result, the exports attained the peak of $264, and then declined modestly in the following year.

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

1. Democratic Republic of the Congo (1.0 kg)

Source: IndexBox Market Intelligence Platform