Price for Platinum; Unwrought or in Semi-Manufactured Forms in Canada - 2024
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Canada (CIF) - 2024
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Canada (FOB) - 2024
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Canada
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Canada
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Canada (CIF) - 2024
The average import price for platinum; unwrought or in semi-manufactured formses stood at $40.6M per ton in January 2024, with an increase of 17% against the previous month. Over the period under review, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 130% m-o-m. The import price peaked at $81.0M per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Switzerland ($98.6M per ton), while the price for South Korea ($31.2M per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Canada (FOB) - 2024
In January 2024, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $39.4M per ton, which is down by -1.6% against the previous month. Over the period under review, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 40% against the previous month. The export price peaked at $50.2M per ton in January 2023; however, from February 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In January 2024, the country with the highest price was the United States ($39.8M per ton), while the average price for exports to Switzerland amounted to $38.8M per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Canada
In 2022, overseas purchases of platinum; unwrought or in semi-manufactured formses decreased by -0.8% to 23 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 55%. As a result, imports attained the peak of 24 tons, leveling off in the following year.
In value terms, imports of platinum; unwrought or in semi-manufactured formses declined slightly to $2.1B in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 91%.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 230 | 521 | 715 | 852 | 54.7% |
| United States | 111 | 252 | 445 | 576 | 73.1% |
| Belgium | 88.7 | 214 | 260 | 246 | 40.5% |
| Italy | 71.1 | 91.3 | 288 | 167 | 32.9% |
| South Korea | N/A | 0.1 | 103 | 119 | 3349.6% |
| Germany | 13.2 | 51.4 | 79.0 | 94.4 | 92.7% |
| Switzerland | 29.2 | 40.0 | 69.4 | 36.1 | 7.3% |
| Russia | 103 | 109 | 198 | 19.8 | -42.3% |
| Others | 26.4 | 4.7 | 32.0 | 24.0 | -3.1% |
| Total | 672 | 1,283 | 2,189 | 2,134 | 47.0% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Canada in 2022:
- United States (8.9 tons)
- South Africa (7.0 tons)
- Italy (1.6 tons)
- Switzerland (1.5 tons)
- South Korea (1.5 tons)
- Belgium (1.4 tons)
- Germany (1.0 tons)
- Russia (0.2 tons)
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Canada
In 2022, exports of platinum; unwrought or in semi-manufactured formses from Canada shrank slightly to 7.1 tons, which is down by -2% against the year before. In general, exports recorded a abrupt curtailment.
In value terms, exports of platinum; unwrought or in semi-manufactured formses declined significantly to $393M in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 323 | 394 | 397 | 303 | -2.1% |
| Switzerland | 49.9 | 73.5 | 128 | 84.2 | 19.1% |
| Others | 4.7 | 1.7 | 1.2 | 5.9 | 7.9% |
| Total | 377 | 469 | 526 | 393 | 1.4% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Canada in 2022:
- United States (5.6 tons)
- Switzerland (1.4 tons)
457
This report provides an in-depth analysis of the platinum market in Canada.
1030
This report provides an in-depth analysis of the global platinum market.
457
This report provides an in-depth analysis of the platinum market in Canada.
1030
This report provides an in-depth analysis of the global platinum market.
205
The growth pace of Platinum was exceptionally fast in March 2023, with a month-on-month increase of 194%. In terms of value, Platinum imports significantly declined to $3M in September 2023.
160
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
2885
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...
1567
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...
2026
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
205
The growth pace of Platinum was exceptionally fast in March 2023, with a month-on-month increase of 194%. In terms of value, Platinum imports significantly declined to $3M in September 2023.
160
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
2885
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...
1567
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...
2026
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
