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

Contents:

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

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $261,500 per ton, reducing by -65.4% against the previous year. Overall, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 91%. The import price peaked at $2,383,875 per ton in 2013; however, from 2014 to 2022, 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 India ($444,000 per ton), while the price for Switzerland totaled $79,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+84.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2021, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $114,000 per ton, increasing by 37% against the previous year. Overall, the export price, however, showed a significant contraction. The most prominent rate of growth was recorded in 2013 an increase of 94% against the previous year. As a result, the export price attained the peak level of $5,225 per kg. From 2014 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Rwanda amounted to -29.6% per year.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of platinum; unwrought or in semi-manufactured formses, when their volume decreased by -80% to 2 kg. In general, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of 10 kg, and then shrank markedly in the following year.

In value terms, imports of platinum; unwrought or in semi-manufactured formses fell rapidly to $523 in 2022. Overall, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 218%. As a result, imports reached the peak of $7.6K, and then contracted significantly in the following year.

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

1. Switzerland (1.0 kg)
2. India (1.0 kg)

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

In 2022, shipments abroad of platinum; unwrought or in semi-manufactured formses decreased by 99.9% to less than 0.1 kg, falling for the second year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 100%. As a result, the exports reached the peak of 2 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of platinum; unwrought or in semi-manufactured formses skyrocketed to $217 in 2022. Over the period under review, exports saw a relatively flat trend pattern.

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

1. Rwanda (1.0 kg)

Source: IndexBox Market Intelligence Platform