Price for Platinum; Unwrought or in Semi-Manufactured Forms in the United Arab Emirates - 2022

Contents:

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

Price for Platinum; Unwrought or in Semi-Manufactured Forms in the United Arab Emirates (FOB) - 2022

The average export price for platinum; unwrought or in semi-manufactured formses stood at $19,088,496 per ton in 2022, falling by -42.6% against the previous year. Overall, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2017 an increase of 123%. The export price peaked at $33,228,626 per ton in 2021, and then fell rapidly in the following year.

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 India ($52,013,454 per ton), while the average price for exports to Iraq ($336,172 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 India (+9.6%).

Price for Platinum; Unwrought or in Semi-Manufactured Forms in the United Arab Emirates (CIF) - 2022

The average import price for platinum; unwrought or in semi-manufactured formses stood at $15,009,206 per ton in 2022, declining by -11.9% against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2013 an increase of 89% against the previous year. As a result, import price reached the peak level of $38,027 per kg. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($28,895,934 per ton), while the price for Italy ($3,002,455 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+384.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Platinum; Unwrought or in Semi-Manufactured Forms in the United Arab Emirates

In 2022, the amount of platinum; unwrought or in semi-manufactured formses exported from the United Arab Emirates soared to 66 tons, increasing by 11,515% compared with the previous year. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of platinum; unwrought or in semi-manufactured formses skyrocketed to $1.3B in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from the United Arab Emirates in 2022:

1. Iraq (41.9 tons)
2. India (22.6 tons)
3. South Africa (1.1 tons)

Imports of Platinum; Unwrought or in Semi-Manufactured Forms in the United Arab Emirates

Imports of platinum; unwrought or in semi-manufactured formses into the United Arab Emirates reached 6.3 tons in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 424% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of platinum; unwrought or in semi-manufactured formses contracted to $95M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 335%. As a result, imports attained the peak of $106M, and then dropped in the following year.

Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to the United Arab Emirates in 2022:

1. South Africa (2366.0 kg)
2. Switzerland (1746.0 kg)
3. Italy (954.0 kg)
4. Hong Kong SAR (488.0 kg)
5. United Kingdom (237.0 kg)
6. Russia (172.0 kg)
7. Japan (106.0 kg)
8. Germany (59.0 kg)

Source: IndexBox Market Intelligence Platform