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

Contents:

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

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

The average metals; platinum, semi-manufactured import price stood at $34.6M per ton in September 2023, growing by 7.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average import price increased by 46% month-to-month. The import price peaked at $43.3M per ton in June 2023; afterwards, it flattened through to September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($60.9M per ton), while the price for Hong Kong SAR ($29.8M 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 South Africa (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average metals; platinum, semi-manufactured export price stood at $22,953,496 per ton in 2022, which is down by -34.4% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 64%. Over the period under review, the average export prices attained the maximum at $48,687,093 per ton in 2012; however, from 2013 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 Germany ($51,352,700 per ton), while the average price for exports to the United States ($4,039,091 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 Hong Kong SAR (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metals; Platinum, Semi-Manufactured Imports in Australia

In 2022, approx. 2.7 tons of metals; platinum, semi-manufactureds were imported into Australia; with an increase of 116% on the year before. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 303% against the previous year. As a result, imports attained the peak of 3.9 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, metals; platinum, semi-manufactured imports surged to $85M in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 347%. As a result, imports reached the peak of $111M. From 2021 to 2022, the growth of imports failed to regain momentum.

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

1. United Kingdom (1365.0 kg)
2. Switzerland (832.0 kg)
3. United States (193.0 kg)
4. Germany (120.0 kg)
5. Hong Kong SAR (119.0 kg)
6. New Zealand (45.0 kg)

Metals; Platinum, Semi-Manufactured Exports in Australia

For the fourth year in a row, Australia recorded growth in overseas shipments of metals; platinum, semi-manufactureds, which increased by 76% to 137 kg in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 214% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, metals; platinum, semi-manufactured exports surged to $3.1M in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 415%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Hong Kong SAR (65.0 kg)
2. United States (44.0 kg)
3. New Zealand (16.0 kg)
4. Germany (10.0 kg)

Source: IndexBox Market Intelligence Platform