Price for Platinum; Unwrought or in Semi-Manufactured Forms in Norway - 2024

Contents:

1. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Norway (FOB) - 2024
2. Price for Platinum; Unwrought or in Semi-Manufactured Forms in Norway (CIF) - 2022
3. Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Norway
4. Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Norway

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Norway (FOB) - 2024

In January 2024, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $33.4M per ton, almost unchanged from the previous month. Overall, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices reached the peak figure at $59.0M per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In January 2024, the country with the highest price was South Korea ($38.5M per ton), while the average price for exports to the UK stood at $32.8M per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-3.6%).

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $32,644,947 per ton, growing by 13% against the previous year. In general, the import price showed a strong increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 161%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 South Africa ($57,703,891 per ton), while the price for Denmark ($1,149,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, overseas shipments of platinum; unwrought or in semi-manufactured formses decreased by -9.2% to 8.4 tons, falling for the second year in a row after two years of growth. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. As a result, the exports reached the peak of 9.6 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of platinum; unwrought or in semi-manufactured formses declined rapidly to $555M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year.

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

1. United Kingdom (5.4 tons)
2. South Korea (2.8 tons)
3. United States (0.1 tons)

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

In 2022, overseas purchases of platinum; unwrought or in semi-manufactured formses decreased by -2.3% to 1.4 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 253% against the previous year. As a result, imports reached the peak of 3.1 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of platinum; unwrought or in semi-manufactured formses expanded rapidly to $46M in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 108% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. United Kingdom (366.0 kg)
2. Belgium (245.0 kg)
3. South Africa (239.0 kg)
4. United States (138.0 kg)
5. Italy (102.0 kg)
6. Germany (91.0 kg)
7. Sweden (58.0 kg)
8. South Korea (27.0 kg)
9. Denmark (2.0 kg)

Source: IndexBox Market Intelligence Platform