Price for Metals; Platinum, Unwrought or in Powder Form in Singapore - 2023
Contents:
- Price for Metals; Platinum, Unwrought or in Powder Form in Singapore (FOB) - 2022
- Price for Metals; Platinum, Unwrought or in Powder Form in Singapore (CIF) - 2022
- Exports of Metals; Platinum, Unwrought or in Powder Form in Singapore
- Imports of Metals; Platinum, Unwrought or in Powder Form in Singapore
Price for Metals; Platinum, Unwrought or in Powder Form in Singapore (FOB) - 2022
The average export price for metals; platinum, unwrought or in powder forms stood at $5,955,746 per ton in 2022, which is down by -8.8% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 192%. Over the period under review, the average export prices hit record highs at $22,089,806 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($57,841,149 per ton), while the average price for exports to Japan ($3,944,489 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+142.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metals; Platinum, Unwrought or in Powder Form in Singapore (CIF) - 2022
The average import price for metals; platinum, unwrought or in powder forms stood at $27,693,849 per ton in 2022, falling by -37.4% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 74% against the previous year. As a result, import price attained the peak level of $44,223 per kg, and then dropped sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($45,658,934 per ton), while the price for Italy ($2,938,568 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+81.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Metals; Platinum, Unwrought or in Powder Form in Singapore
In 2022, approx. 45 tons of metals; platinum, unwrought or in powder forms were exported from Singapore; with an increase of 67% against 2021 figures. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 238% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of metals; platinum, unwrought or in powder forms skyrocketed to $265M in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Metals; Platinum, Unwrought or in Powder Form in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.9 | 8.8 | 90.5 | 166 | 249.2% |
| Italy | 4.4 | 28.9 | 9.8 | 48.2 | 122.1% |
| United States | 129 | 136 | 63.1 | 39.5 | -32.6% |
| Others | 0.4 | 0.1 | 10.7 | 11.8 | 209.0% |
| Total | 138 | 174 | 174 | 265 | 24.3% |
Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Singapore in 2022:
- Japan (42.0 tons)
- Italy (1.5 tons)
- United States (0.7 tons)
Imports of Metals; Platinum, Unwrought or in Powder Form in Singapore
For the fourth consecutive year, Singapore recorded growth in supplies from abroad of metals; platinum, unwrought or in powder forms, which increased by 7.5% to 2.5 tons in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 305% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of metals; platinum, unwrought or in powder forms shrank significantly to $70M in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 424%.
| Import of Metals; Platinum, Unwrought or in Powder Form in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 21.8 | 90.5 | 47.7 | 356.9% |
| Germany | 1.0 | 2.6 | 5.1 | 10.3 | 117.6% |
| Hong Kong SAR | N/A | N/A | 0.3 | 6.1 | 1933.3% |
| South Africa | N/A | N/A | N/A | 3.2 | 0% |
| Japan | N/A | N/A | N/A | 1.8 | 0% |
| Italy | N/A | N/A | N/A | 0.9 | 0% |
| South Korea | 3.0 | N/A | 8.2 | N/A | 65.3% |
| Others | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Total | 4.7 | 24.5 | 104 | 70.0 | 146.0% |
Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Singapore in 2022:
- United States (1379.0 kg)
- Hong Kong SAR (452.0 kg)
- Italy (310.0 kg)
- Germany (226.0 kg)
- South Africa (101.0 kg)
- Japan (56.0 kg)
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This report provides an in-depth analysis of the platinum market in Singapore.
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This report provides an in-depth analysis of the global platinum market.
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This report provides an in-depth analysis of the platinum market in Singapore.
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This report provides an in-depth analysis of the global platinum market.
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Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
227
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
3096
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
1664
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
2081
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
