Metals; Platinum, Semi-Manufactured Price in New Zealand - 2023

Contents:

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

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

The average metals; platinum, semi-manufactured import price stood at $29,195,214 per ton in 2022, which is down by -20.4% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metals; platinum, semi-manufactured import price increased by +32.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. The import price peaked at $36,659,360 per ton in 2021, and then fell markedly in the following year.

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 Australia ($34,422,556 per ton), while the price for the United States ($8,150,833 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Metals; Platinum, Semi-Manufactured Price in New Zealand (FOB) - 2023

In September 2023, the average metals; platinum, semi-manufactured export price amounted to $27.4M per ton, dropping by -6% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 21% against the previous month. The export price peaked at $33.4M per ton in May 2023; afterwards, it flattened through to September 2023.

Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Australia ($30.0M per ton), while the average price for exports to Thailand amounted to $26.0M per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.8%).

Metals; Platinum, Semi-Manufactured Imports in New Zealand

In 2022, metals; platinum, semi-manufactured imports into New Zealand dropped rapidly to 84 kg, with a decrease of -16% on the year before. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 41%.

In value terms, metals; platinum, semi-manufactured imports declined dramatically to $2.5M in 2022. Overall, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. As a result, imports attained the peak of $3.7M, and then dropped significantly in the following year.

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

1. Japan (50.0 kg)
2. Australia (18.0 kg)
3. Germany (7.0 kg)
4. United States (6.0 kg)
5. Switzerland (1.0 kg)

Metals; Platinum, Semi-Manufactured Exports in New Zealand

Metals; platinum, semi-manufactured exports from New Zealand soared to 81 kg in 2022, jumping by 23% against 2021 figures. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metals; platinum, semi-manufactured exports expanded slightly to $2.4M in 2022. The total export value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. Australia (50.0 kg)
2. Thailand (29.0 kg)
3. United States (2.0 kg)

Source: IndexBox Market Intelligence Platform