Price for Metals; Platinum, Unwrought or in Powder Form in Turkey - 2024

Contents:

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

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

In 2022, the average export price for metals; platinum, unwrought or in powder forms amounted to $11,041,746 per ton, falling by -33.2% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 58%. As a result, the export price attained the peak level of $45,213 per kg. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($50,468,077 per ton), while the average price for exports to Australia ($1,527,635 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 Australia (+156.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for metals; platinum, unwrought or in powder forms stood at $30,289,417 per ton in 2022, with a decrease of -11% against the previous year. Over the period under review, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 57%. As a result, import price reached the peak level of $53,654 per kg. From 2015 to 2022, the average 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 Switzerland ($32,512,064 per ton), while the price for the United States ($202,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+55.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth consecutive year, Turkey recorded growth in shipments abroad of metals; platinum, unwrought or in powder forms, which increased by 15% to 1.6 tons in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 165% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of metals; platinum, unwrought or in powder forms dropped rapidly to $17M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 63%. As a result, the exports reached the peak of $23M. 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 Turkey in 2022:

1. Italy (1114.0 kg)
2. Switzerland (246.0 kg)
3. Australia (74.0 kg)
4. Japan (68.0 kg)
5. Iran (41.0 kg)

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

In 2022, imports of metals; platinum, unwrought or in powder forms into Turkey surged to 115 kg, jumping by 29% on 2021. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of metals; platinum, unwrought or in powder forms rose markedly to $3.5M in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 76% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

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

1. Switzerland (78.0 kg)
2. Japan (30.0 kg)
3. Lebanon (4.0 kg)

Source: IndexBox Market Intelligence Platform