Metals; Platinum, Semi-Manufactured Price in Iran - 2022

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

The average metals; platinum, semi-manufactured export price stood at $133,828,667 per ton in 2022, jumping by 90% against the previous year. Overall, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +14.1% per year.

Metals; Platinum, Semi-Manufactured Price in Iran (CIF) - 2022

In 2022, the average metals; platinum, semi-manufactured import price amounted to $22,078,100 per ton, picking up by 131% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. Over the period under review, average import prices attained the maximum at $41,766,118 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Taiwan (Chinese) ($40,807,667 per ton), while the price for Austria ($35,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced a decline.

Metals; Platinum, Semi-Manufactured Exports in Iran

After three years of growth, shipments abroad of metals; platinum, semi-manufactureds decreased by -47.1% to 9 kg in 2022. Over the period under review, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of 17 kg, and then shrank markedly in the following year.

In value terms, metals; platinum, semi-manufactured exports stood at $1.2M in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 68%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Metals; Platinum, Semi-Manufactured in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	549	713	1,198	1,204	29.9%
Others	N/A	N/A	N/A	N/A	0%
Total	549	713	1,198	1,204	29.9%

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

Germany (9.0 kg)

Metals; Platinum, Semi-Manufactured Imports in Iran

After two years of decline, purchases abroad of metals; platinum, semi-manufactureds increased by 200% to 30 kg in 2022. In general, imports, however, showed a perceptible reduction.

In value terms, metals; platinum, semi-manufactured imports surged to $662K in 2022. Overall, imports, however, faced a dramatic contraction.

Import of Metals; Platinum, Semi-Manufactured in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Taiwan (Chinese)	581	245	31.9	122	-40.6%
Netherlands	N/A	10.6	8.4	85.8	184.5%
Germany	56.3	33.2	3.2	74.5	9.8%
China	149	56.4	9.1	72.0	-21.5%
India	43.8	12.1	1.4	8.3	-42.6%
Belgium	N/A	2.8	0.8	3.4	10.2%
Italy	4.5	1.7	0.3	1.9	-25.0%
Switzerland	3.9	1.2	0.2	1.0	-36.5%
Austria	0.2	0.1	N/A	N/A	-50.0%
Others	581	255	40.3	293	-20.4%
Total	1,420	618	95.5	662	-22.5%