Price for Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia - 2024
Contents:
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia (CIF) - 2022
- Price for Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia (FOB) - 2022
- Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia
- Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia (CIF) - 2022
The average import price for platinum; unwrought or in semi-manufactured formses stood at $11,699,745 per ton in 2022, shrinking by -2.5% against the previous year. Overall, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 87% against the previous year. As a result, import price reached the peak level of $12,000 per kg, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($34,198,711 per ton), while the price for the United States ($3,641,560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia (FOB) - 2022
The average export price for platinum; unwrought or in semi-manufactured formses stood at $32,183,779 per ton in 2022, rising by 41% against the previous year. Over the period under review, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 327%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($55,409,682 per ton), while the average price for exports to the United States ($4,366,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+160.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia
In 2022, the amount of platinum; unwrought or in semi-manufactured formses imported into Malaysia shrank notably to 2.8 tons, waning by -41.3% compared with 2021 figures. Overall, imports showed a significant curtailment.
In value terms, imports of platinum; unwrought or in semi-manufactured formses shrank sharply to $32M in 2022. Over the period under review, imports faced a sharp setback. The smallest decline of -32% was in 2020.
| Import of Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.7 | 8.3 | 12.7 | 10.2 | -7.0% |
| Taiwan (Chinese) | 11.9 | 7.7 | 13.8 | 9.8 | -6.3% |
| Germany | 7.5 | 8.2 | 7.5 | 6.7 | -3.7% |
| Italy | N/A | N/A | 2.9 | 2.7 | -6.9% |
| Singapore | 0.1 | 0.2 | 1.4 | 0.8 | 100.0% |
| United States | 1.8 | 0.3 | 0.1 | 0.5 | -34.8% |
| China | 151 | 47.2 | 0.1 | 0.2 | -89.0% |
| United Kingdom | N/A | 55.0 | 15.0 | 0.1 | -95.7% |
| Others | 7.9 | 4.3 | 3.3 | 1.5 | -42.5% |
| Total | 193 | 131 | 56.7 | 32.5 | -44.8% |
Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Malaysia in 2022:
- Japan (1168.0 kg)
- Taiwan (Chinese) (934.0 kg)
- Germany (197.0 kg)
- Italy (150.0 kg)
- United States (125.0 kg)
- Singapore (66.0 kg)
- China (38.0 kg)
- United Kingdom (18.0 kg)
Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia
In 2022, the amount of platinum; unwrought or in semi-manufactured formses exported from Malaysia contracted notably to 95 kg, shrinking by -81.6% compared with the previous year's figure. Over the period under review, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 875% against the previous year. As a result, the exports attained the peak of 517 kg, and then fell markedly in the following year.
In value terms, exports of platinum; unwrought or in semi-manufactured formses reduced sharply to $3.1M in 2022. In general, exports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 630% against the previous year. As a result, the exports reached the peak of $12M, and then declined markedly in the following year.
| Export of Platinum; Unwrought or in Semi-Manufactured Forms in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.9 | 0.6 | 7.9 | 1.4 | -47.9% |
| Switzerland | 0.2 | 0.3 | 0.2 | 1.2 | 81.7% |
| Hong Kong SAR | N/A | 0.3 | 1.9 | 0.5 | 29.1% |
| United States | N/A | N/A | 1.7 | N/A | 0% |
| Singapore | 0.5 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 0.2 | N/A | 0% |
| Italy | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.0 | 1.6 | 11.8 | 3.1 | -34.4% |
Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Malaysia in 2022:
- Japan (58.0 kg)
- Switzerland (22.0 kg)
- Hong Kong SAR (11.0 kg)
- Singapore (1.0 kg)
- United States (1.0 kg)
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This report provides an in-depth analysis of the platinum market in Malaysia.
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This report provides an in-depth analysis of the global platinum market.
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This report provides an in-depth analysis of the platinum market in Malaysia.
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This report provides an in-depth analysis of the global platinum market.
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