Price for Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka - 2022
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka (CIF) - 2022
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka (FOB) - 2022
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka (CIF) - 2022
The average import price for platinum; unwrought or in semi-manufactured formses stood at $5,759,000 per ton in 2022, increasing by 200% against the previous year. Overall, the import price, however, showed a deep contraction. Over the period under review, average import prices attained the peak figure at $16,801,971 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,860,000 per ton), while the price for Israel ($94,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka (FOB) - 2022
In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $114,000 per ton, with a decrease of -94.2% against the previous year. Over the period under review, the export price saw a precipitous descent. The pace of growth appeared the most rapid in 2014 an increase of 354% against the previous year. Over the period under review, the average export prices hit record highs at $26,841,000 per ton in 2015; however, from 2016 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 Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +12.6% per year.
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka
In 2022, purchases abroad of platinum; unwrought or in semi-manufactured formses decreased by -95.6% to 7 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 493%. As a result, imports attained the peak of 160 kg, and then shrank significantly in the following year.
In value terms, imports of platinum; unwrought or in semi-manufactured formses reduced markedly to $40K in 2022. In general, imports faced a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of 51%.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.2 | 11.3 | 0.2 | 39.4 | 62.4% |
| Australia | N/A | N/A | N/A | 0.7 | 0% |
| Israel | N/A | N/A | N/A | 0.1 | 0% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | 37.5 | 17.6 | 75.9 | N/A | 42.3% |
| Germany | 1.8 | 5.5 | 67.8 | N/A | 513.7% |
| France | 0.3 | 0.5 | 19.5 | N/A | 706.2% |
| United Arab Emirates | 305 | 167 | 140 | N/A | -32.2% |
| Others | 1.7 | 1.6 | 4.6 | N/A | 64.5% |
| Total | 356 | 203 | 308 | 40.3 | -51.6% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Sri Lanka in 2022:
- United States (4.0 kg)
- Israel (1.0 kg)
- Australia (1.0 kg)
- India (1.0 kg)
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka
In 2022, after three years of growth, there was significant decline in shipments abroad of platinum; unwrought or in semi-manufactured formses, when their volume decreased by -66.7% to 1 kg. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 200%. As a result, the exports attained the peak of 3 kg, and then dropped sharply in the following year.
In value terms, exports of platinum; unwrought or in semi-manufactured formses declined markedly to $114 in 2022. Overall, exports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 927%. As a result, the exports reached the peak of $5.9K, and then fell sharply in the following year.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 0.1 | 0% |
| Japan | 2.2 | 0.6 | 1.1 | N/A | -29.3% |
| Maldives | N/A | N/A | 0.1 | N/A | 0% |
| Australia | N/A | N/A | 4.8 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.2 | 0.6 | 5.9 | 0.1 | -64.3% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Sri Lanka in 2022:
- Switzerland (1.0 kg)
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This report provides an in-depth analysis of the platinum market in Sri Lanka.
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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