Metals; Platinum, Semi-Manufactured Price in Pakistan - 2021

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

The average metals; platinum, semi-manufactured import price stood at $4,881,000 per ton in 2022, dropping by -38.8% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 17,839% against the previous year. Over the period under review, average import prices reached the peak figure at $24,157,600 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($16,145,000 per ton), while the price for Germany ($465,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+16.1%), while the prices for the other major suppliers experienced a decline.

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

The average metals; platinum, semi-manufactured export price stood at $7,796,600 per ton in 2022, growing by 1.8% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 76%. Over the period under review, the average export prices reached the maximum at $44,857,000 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -15.2% per year.

Metals; Platinum, Semi-Manufactured Imports in Pakistan

Metals; platinum, semi-manufactured imports into Pakistan surged to 4 kg in 2022, rising by 33% on the previous year. Overall, imports saw a relatively flat trend pattern. 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 fell remarkably to $20K in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year.

Import of Metals; Platinum, Semi-Manufactured in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	4.5	12.6	19.1	16.1	52.9%
Switzerland	1.5	1.9	2.9	2.4	17.0%
Germany	1.4	0.3	0.5	0.5	-29.1%
Others	2.0	0.3	1.5	0.5	-37.0%
Total	9.5	15.1	23.9	19.5	27.1%

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

United Kingdom (1.0 kg)
Switzerland (1.0 kg)
Germany (1.0 kg)

Metals; Platinum, Semi-Manufactured Exports in Pakistan

In 2022, overseas shipments of metals; platinum, semi-manufactureds decreased by -9.1% to 10 kg for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29%.

In value terms, metals; platinum, semi-manufactured exports contracted to $78K in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports attained the peak of $84K, and then shrank in the following year.