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

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

The average import price for metals; platinum, unwrought or in powder forms stood at $14,243,650 per ton in 2022, shrinking by -33.9% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 795%. Over the period under review, average import prices attained the peak figure at $50,490,282 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($59,056,000 per ton), while the price for Germany ($224,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+47.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for metals; platinum, unwrought or in powder forms amounted to $12,250 per ton, with a decrease of 99.9% against the previous year. Over the period under review, the export price recorded a sharp reduction. The growth pace was the most rapid in 2021 when the average export price increased by 1,497%. Over the period under review, the average export prices hit record highs at $50,845,231 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to +3.0% per year.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of metals; platinum, unwrought or in powder forms, when their volume decreased by -16.7% to 20 kg. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 100%. As a result, imports attained the peak of 24 kg, and then fell markedly in the following year.

In value terms, imports of metals; platinum, unwrought or in powder forms fell rapidly to $285K in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 1,689%. As a result, imports attained the peak of $517K, and then reduced notably in the following year.

Import of Metals; Platinum, Unwrought or in Powder Form in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hungary	N/A	N/A	N/A	210	0%
Italy	25.9	N/A	512	59.1	31.7%
Austria	4.7	1.0	4.8	15.8	49.8%
Germany	2.2	0.9	N/A	0.2	-55.0%
Czech Republic	11.5	26.9	N/A	N/A	133.9%
Others	1.0	N/A	N/A	N/A	0%
Total	45.2	28.9	517	285	84.7%

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

Austria (9.0 kg)
Hungary (9.0 kg)
Italy (1.0 kg)
Germany (1.0 kg)

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

In 2022, after two years of growth, there was significant decline in shipments abroad of metals; platinum, unwrought or in powder forms, when their volume decreased by -42.9% to 4 kg. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 600%. As a result, the exports reached the peak of 7 kg, and then declined notably in the following year.

In value terms, exports of metals; platinum, unwrought or in powder forms reduced dramatically to $49 in 2022. Overall, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2021 when exports increased by 11,082%. As a result, the exports reached the peak of $272K, and then dropped markedly in the following year.