Price for Platinum; Unwrought or in Semi-Manufactured Forms in Iran - 2022

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Iran (CIF) - 2022

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $36,391,908 per ton, falling by -7.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 99% against the previous year. Over the period under review, average import prices hit record highs at $40,352,415 per ton in 2015; however, from 2016 to 2022, 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 ($66,798,333 per ton), while the price for Austria ($247,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Iran (FOB) - 2022

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $53,450,000 per ton, surging by 38% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 108%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +6.9% per year.

Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Iran

In 2022, imports of platinum; unwrought or in semi-manufactured formses into Iran surged to 65 kg, increasing by 71% on 2021. Overall, imports posted a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of platinum; unwrought or in semi-manufactured formses surged to $2.4M in 2022. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 96%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Platinum; Unwrought or in Semi-Manufactured Forms in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	3.3	4.6	158	1,226	618.9%
Taiwan (Chinese)	1,235	433	580	329	-35.7%
Netherlands	N/A	18.8	153	231	250.5%
Germany	120	58.8	101	200	18.6%
China	318	99.9	166	194	-15.2%
United Arab Emirates	136	67.1	300	160	5.6%
Belgium	N/A	4.9	14.8	9.2	37.0%
India	23.9	5.5	6.7	5.7	-38.0%
Italy	54.3	2.9	4.6	5.0	-54.8%
Austria	0.9	0.2	0.3	0.2	-39.4%
Others	20.5	65.0	6.3	5.6	-35.1%
Total	1,912	761	1,491	2,365	7.3%

Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Iran in 2022:

Turkey (33.0 kg)
Netherlands (12.0 kg)
Taiwan (Chinese) (5.0 kg)
United Arab Emirates (4.0 kg)
Germany (3.0 kg)
China (3.0 kg)
Italy (1.0 kg)
India (1.0 kg)
Austria (1.0 kg)
Belgium (1.0 kg)

Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Iran

In 2022, shipments abroad of platinum; unwrought or in semi-manufactured formses decreased by 0% to 31 kg, falling for the second consecutive year after two years of growth. In general, exports saw a deep downturn. The growth pace was the most rapid in 2020 with an increase of 61%. As a result, the exports attained the peak of 74 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of platinum; unwrought or in semi-manufactured formses surged to $1.7M in 2022. Overall, exports recorded a abrupt contraction.