Price for Metals; Platinum, Unwrought or in Powder Form in Iran - 2022
Contents:
- Price for Metals; Platinum, Unwrought or in Powder Form in Iran (CIF) - 2022
- Imports of Metals; Platinum, Unwrought or in Powder Form in Iran
Price for Metals; Platinum, Unwrought or in Powder Form in Iran (CIF) - 2022
In 2022, the average import price for metals; platinum, unwrought or in powder forms amounted to $26,611,391 per ton, reducing by -19% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 93%. Over the period under review, average import prices attained the peak figure at $32,873,500 per ton in 2021, and then reduced markedly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($30,805,667 per ton), while the price for the United Arab Emirates ($20,635,571 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+59.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Metals; Platinum, Unwrought or in Powder Form in Iran
After two years of decline, overseas purchases of metals; platinum, unwrought or in powder forms increased by 433% to 64 kg in 2022. Overall, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of metals; platinum, unwrought or in powder forms soared to $1.7M in 2022. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Metals; Platinum, Unwrought or in Powder Form in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 89.1 | 106 | 67.6 | 1,109 | 131.7% |
| Germany | 886 | 447 | 199 | 450 | -20.2% |
| United Arab Emirates | 227 | 245 | 128 | 144 | -14.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,202 | 798 | 394 | 1,703 | 12.3% |
Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Iran in 2022:
- Turkey (36.0 kg)
- Germany (21.0 kg)
- United Arab Emirates (7.0 kg)
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This report provides an in-depth analysis of the platinum market in Iran.
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