Metals; Platinum, Semi-Manufactured Price in India - 2023

Contents:

1. Metals; Platinum, Semi-Manufactured Price in India (CIF) - 2023
2. Metals; Platinum, Semi-Manufactured Price in India (FOB) - 2022
3. Metals; Platinum, Semi-Manufactured Imports in India
4. Metals; Platinum, Semi-Manufactured Exports in India

Metals; Platinum, Semi-Manufactured Price in India (CIF) - 2023

In September 2023, the average metals; platinum, semi-manufactured import price amounted to $32.4M per ton, standing approximately at the previous month. Overall, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in April 2023 when the average import price increased by 46% m-o-m. Over the period under review, average import prices reached the maximum at $53.5M per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($35.0M per ton), while the price for the United States ($22.8M per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Metals; Platinum, Semi-Manufactured Price in India (FOB) - 2022

In 2022, the average metals; platinum, semi-manufactured export price amounted to $22,936,491 per ton, dropping by -24.4% against the previous year. In general, the export price recorded a pronounced slump. The growth pace was the most rapid in 2016 when the average export price increased by 199%. Over the period under review, the average export prices hit record highs at $30,347,806 per ton in 2021, and then reduced sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($37,234,625 per ton), while the average price for exports to South Korea ($603,000 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 Italy (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metals; Platinum, Semi-Manufactured Imports in India

In 2022, approx. 24 tons of metals; platinum, semi-manufactureds were imported into India; rising by 814% against the previous year's figure. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metals; platinum, semi-manufactured imports surged to $1.3B in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Metals; Platinum, Semi-Manufactured to India in 2022:

1. South Africa (undefined tons)
2. United Arab Emirates (21.7 tons)
3. United Kingdom (1.3 tons)
4. United States (0.6 tons)
5. Germany (0.2 tons)
6. Italy (0.1 tons)

Metals; Platinum, Semi-Manufactured Exports in India

In 2022, shipments abroad of metals; platinum, semi-manufactureds decreased by -10.1% to 116 kg, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,500%. As a result, the exports reached the peak of 468 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metals; platinum, semi-manufactured exports shrank sharply to $2.7M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 5,974% against the previous year. As a result, the exports attained the peak of $7.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Metals; Platinum, Semi-Manufactured from India in 2022:

1. United Kingdom (45.0 kg)
2. Italy (31.0 kg)
3. Tanzania (20.0 kg)
4. United States (16.0 kg)

Source: IndexBox Market Intelligence Platform