Price for Metals; Platinum, Unwrought or in Powder Form in South Africa - 2024
Contents:
- Price for Metals; Platinum, Unwrought or in Powder Form in South Africa (FOB) - 2022
- Price for Metals; Platinum, Unwrought or in Powder Form in South Africa (CIF) - 2022
- Exports of Metals; Platinum, Unwrought or in Powder Form in South Africa
- Imports of Metals; Platinum, Unwrought or in Powder Form in South Africa
Price for Metals; Platinum, Unwrought or in Powder Form in South Africa (FOB) - 2022
The average export price for metals; platinum, unwrought or in powder forms stood at $31,383,771 per ton in 2022, shrinking by -7.6% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for metals; platinum, unwrought or in powder forms increased by +21.5% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by 80% against the previous year. As a result, the export price reached the peak level of $42,908 per kg. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($33,703,730 per ton) and the United States ($32,426,157 per ton), while the average price for exports to India ($28,022,629 per ton) and Japan ($29,616,271 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metals; Platinum, Unwrought or in Powder Form in South Africa (CIF) - 2022
In 2022, the average import price for metals; platinum, unwrought or in powder forms amounted to $22,083,634 per ton, remaining relatively unchanged against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 1,003%. Over the period under review, average import prices attained the peak figure at $47,009,407 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($35,699,942 per ton), while the price for the UK ($7,986,237 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+276.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Metals; Platinum, Unwrought or in Powder Form in South Africa
For the fourth year in a row, South Africa recorded growth in shipments abroad of metals; platinum, unwrought or in powder forms, which increased by 14% to 57 tons in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of metals; platinum, unwrought or in powder forms amounted to $1.8B in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 83% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Metals; Platinum, Unwrought or in Powder Form in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 229 | 208 | 416 | 542 | 33.3% |
| United States | 263 | 252 | 497 | 489 | 23.0% |
| Germany | 134 | 182 | 199 | 381 | 41.7% |
| United Kingdom | 152 | 219 | 347 | 319 | 28.0% |
| India | 33.7 | 15.3 | 30.8 | 28.2 | -5.8% |
| Others | 16.6 | 55.8 | 216 | 31.8 | 24.2% |
| Total | 828 | 932 | 1,705 | 1,792 | 29.4% |
Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from South Africa in 2022:
- Japan (18.3 tons)
- United States (15.1 tons)
- Germany (11.3 tons)
- United Kingdom (10.4 tons)
- India (1.0 tons)
Imports of Metals; Platinum, Unwrought or in Powder Form in South Africa
In 2022, the amount of metals; platinum, unwrought or in powder forms imported into South Africa surged to 577 kg, rising by 97% compared with 2021. Overall, imports, however, saw a dramatic descent.
In value terms, imports of metals; platinum, unwrought or in powder forms soared to $13M in 2022. Over the period under review, imports, however, faced a sharp decline.
| Import of Metals; Platinum, Unwrought or in Powder Form in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 35.3 | 4.2 | 6.3 | 5.6 | -45.9% |
| Norway | N/A | N/A | N/A | 2.7 | 0% |
| Switzerland | N/A | N/A | N/A | 1.8 | 0% |
| Italy | 2.7 | 3.3 | N/A | 0.9 | -30.7% |
| United Kingdom | N/A | 0.5 | N/A | 0.9 | 34.2% |
| South Korea | N/A | N/A | N/A | 0.5 | 0% |
| Belgium | N/A | 4.5 | N/A | 0.2 | -78.9% |
| Others | 0.4 | 1.8 | 0.2 | 0.1 | -37.0% |
| Total | 38.5 | 14.3 | 6.5 | 12.7 | -30.9% |
Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to South Africa in 2022:
- Germany (156.0 kg)
- United Kingdom (118.0 kg)
- Norway (112.0 kg)
- Italy (92.0 kg)
- Switzerland (61.0 kg)
- South Korea (15.0 kg)
- Belgium (6.0 kg)
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This report provides an in-depth analysis of the platinum market in South Africa.
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This report provides an in-depth analysis of the global platinum market.
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From 2017 to 2023, the growth of Platinum exports remained at a somewhat lower figure. In value terms, Platinum exports expanded sharply to $3.9B in 2023.
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The growth of Platinum exports from 2017 to 2023 remained at a slightly lower figure, with exports totaling $3.9B in 2023.
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In May 2023, the Platinum price in South Africa was $33.7M per ton (FOB), marking an 11% growth compared to the previous month.
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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
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From 2017 to 2023, the growth of Platinum exports remained at a somewhat lower figure. In value terms, Platinum exports expanded sharply to $3.9B in 2023.
282
The growth of Platinum exports from 2017 to 2023 remained at a slightly lower figure, with exports totaling $3.9B in 2023.
786
In May 2023, the Platinum price in South Africa was $33.7M per ton (FOB), marking an 11% growth compared to the previous month.
