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

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Venezuela (FOB) - 2022
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Venezuela (CIF) - 2022
3. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Venezuela
4. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Venezuela

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

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $4,638,000 per ton, approximately mirroring the previous year. In general, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2014 an increase of 491% against the previous year. The export price peaked at $36,418,000 per ton in 2017; however, from 2018 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 United States amounted to +12.4% per year.

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $117,500 per ton, with a decrease of -47.5% against the previous year. In general, the import price faced a sharp decline. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. As a result, import price attained the peak level of $3,186,500 per ton. From 2015 to 2022, the average 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 the United States ($234,000 per ton), while the price for Peru stood at $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+81.7%).

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

In 2022, exports of platinum; unwrought or in semi-manufactured formses from Venezuela totaled 1 kg, leveling off at the year before. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of platinum; unwrought or in semi-manufactured formses stood at $4.6K in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 0.5% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Venezuela in 2022:

1. United States (1.0 kg)

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

In 2022, approx. 2 kg of platinum; unwrought or in semi-manufactured formses were imported into Venezuela; jumping by 100% compared with 2021. In general, imports enjoyed significant growth. 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 reached $235 in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (1.0 kg)
2. Peru (1.0 kg)

Source: IndexBox Market Intelligence Platform