Price for Metals; Platinum, Unwrought or in Powder Form in Luxembourg - 2023

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Luxembourg (CIF) - 2022
2. Price for Metals; Platinum, Unwrought or in Powder Form in Luxembourg (FOB) - 2022
3. Imports of Metals; Platinum, Unwrought or in Powder Form in Luxembourg
4. Exports of Metals; Platinum, Unwrought or in Powder Form in Luxembourg

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

The average import price for metals; platinum, unwrought or in powder forms stood at $3,690,789 per ton in 2022, increasing by 336% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 821% against the previous year. As a result, import price reached the peak level of $29,085 per kg. From 2018 to 2022, the average import prices remained at a 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 Germany ($3,587,784 per ton), while the price for Switzerland totaled $284,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+23.2%), while the prices for the other major suppliers experienced a decline.

Price for Metals; Platinum, Unwrought or in Powder Form in Luxembourg (FOB) - 2022

The average export price for metals; platinum, unwrought or in powder forms stood at $2,170,333 per ton in 2022, reducing by -33% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 648%. Over the period under review, the average export prices hit record highs at $3,237,000 per ton in 2021, and then contracted notably in the following year.

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

From 2016 to 2022, the rate of growth in terms of prices for Germany amounted to +582.5% per year.

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

For the fourth consecutive year, Luxembourg recorded growth in purchases abroad of metals; platinum, unwrought or in powder forms, which increased by 1,167% to 76 kg in 2022. In general, imports recorded significant 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 $281K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Germany (74.0 kg)
2. Italy (1.0 kg)

Exports of Metals; Platinum, Unwrought or in Powder Form in Luxembourg

In 2022, the amount of metals; platinum, unwrought or in powder forms exported from Luxembourg skyrocketed to 3 kg, growing by 200% against 2021. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 5,150% against the previous year. As a result, the exports reached the peak of 105 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of metals; platinum, unwrought or in powder forms skyrocketed to $6.5K in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 39,162% against the previous year. As a result, the exports reached the peak of $94K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Luxembourg in 2022:

1. Germany (3.0 kg)

Source: IndexBox Market Intelligence Platform