Price for Metals; Platinum, Unwrought or in Powder Form in Malaysia - 2023

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Malaysia (FOB) - 2022
2. Price for Metals; Platinum, Unwrought or in Powder Form in Malaysia (CIF) - 2022
3. Exports of Metals; Platinum, Unwrought or in Powder Form in Malaysia
4. Imports of Metals; Platinum, Unwrought or in Powder Form in Malaysia

Price for Metals; Platinum, Unwrought or in Powder Form in Malaysia (FOB) - 2022

In 2022, the average export price for metals; platinum, unwrought or in powder forms amounted to $21,708,273 per ton, waning by -44.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs at $44,365,545 per ton in 2014; however, from 2015 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 Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +73.2% per year.

Price for Metals; Platinum, Unwrought or in Powder Form in Malaysia (CIF) - 2022

The average import price for metals; platinum, unwrought or in powder forms stood at $3,219,200 per ton in 2022, dropping by -85.5% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 170% against the previous year. Over the period under review, average import prices hit record highs at $24,135,751 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,573,500 per ton), while the price for Japan ($2,978,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+42.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Metals; Platinum, Unwrought or in Powder Form in Malaysia

In 2022, shipments abroad of metals; platinum, unwrought or in powder forms decreased by -78.8% to 11 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 100% against the previous year.

In value terms, exports of metals; platinum, unwrought or in powder forms fell significantly to $239K in 2022. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 166% against the previous year. As a result, the exports attained the peak of $2M, and then shrank remarkably in the following year.

Top Export Markets for Metals; Platinum, Unwrought or in Powder Form from Malaysia in 2022:

1. Hong Kong SAR (11.0 kg)

Imports of Metals; Platinum, Unwrought or in Powder Form in Malaysia

In 2022, approx. 5 kg of metals; platinum, unwrought or in powder forms were imported into Malaysia; dropping by -95.6% compared with the previous year's figure. In general, imports saw a precipitous descent. The smallest decline of -53.4% was in 2020.

In value terms, imports of metals; platinum, unwrought or in powder forms declined sharply to $16K in 2022. Over the period under review, imports showed a dramatic setback. The smallest decline of -21.2% was in 2020.

Top Suppliers of Metals; Platinum, Unwrought or in Powder Form to Malaysia in 2022:

1. United States (2.0 kg)
2. Taiwan (Chinese) (2.0 kg)
3. Japan (1.0 kg)

Source: IndexBox Market Intelligence Platform