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

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

The average import price for platinum; unwrought or in semi-manufactured formses stood at $28,881,883 per ton in 2022, dropping by -18% against the previous year. Over the period under review, the import price saw a perceptible downturn. The growth pace was the most rapid in 2015 an increase of 89% against the previous year. Over the period under review, average import prices attained the peak figure at $37,921,305 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -2.7% per year.

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

In 2022, approx. 488 kg of platinum; unwrought or in semi-manufactured formses were imported into Iraq; picking up by 47% compared with the year before. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 360% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of platinum; unwrought or in semi-manufactured formses skyrocketed to $14M in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 447%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.