Price for Metals; Platinum, Unwrought or in Powder Form in Kuwait - 2022

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Kuwait (CIF) - 2022
2. Imports of Metals; Platinum, Unwrought or in Powder Form in Kuwait

Price for Metals; Platinum, Unwrought or in Powder Form in Kuwait (CIF) - 2022

The average import price for metals; platinum, unwrought or in powder forms stood at $29,539,500 per ton in 2022, jumping by 44% against the previous year. Over the period under review, the import price enjoyed mild growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 254% against the previous year. Over the period under review, average import prices reached the peak figure at $41,966,500 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($33,196,000 per ton), while the price for Switzerland totaled $28,320,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.2%).

Imports of Metals; Platinum, Unwrought or in Powder Form in Kuwait

In 2022, overseas purchases of metals; platinum, unwrought or in powder forms decreased by -50% to 4 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 75%.

In value terms, imports of metals; platinum, unwrought or in powder forms fell rapidly to $118K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 79%. As a result, imports attained the peak of $210K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Kuwait in 2022:

1. Switzerland (3.0 kg)
2. United Arab Emirates (1.0 kg)

Source: IndexBox Market Intelligence Platform