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

Contents:

1. Price for Metals; Platinum, Unwrought or in Powder Form in Japan (CIF) - 2023
2. Price for Metals; Platinum, Unwrought or in Powder Form in Japan (FOB) - 2023
3. Imports of Metals; Platinum, Unwrought or in Powder Form in Japan
4. Exports of Metals; Platinum, Unwrought or in Powder Form in Japan

Price for Metals; Platinum, Unwrought or in Powder Form in Japan (CIF) - 2023

In November 2023, the average import price for metals; platinum, unwrought or in powder forms amounted to $30.4M per ton, with an increase of 2.1% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 7.2% m-o-m. As a result, import price reached the peak level of $33,678 per kg; afterwards, it flattened through to November 2023.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the countries with the highest prices were South Africa ($30.7M per ton) and Belgium ($29.7M per ton), while the price for the United States ($28.9M per ton) and Germany ($29.1M per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Africa (-0.2%), while the prices for the other major suppliers experienced a decline.

Price for Metals; Platinum, Unwrought or in Powder Form in Japan (FOB) - 2023

In November 2023, the average export price for metals; platinum, unwrought or in powder forms amounted to $28.8M per ton, surging by 2% against the previous month. Over the period under review, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 10% m-o-m. Over the period under review, the average export prices reached the maximum at $34.7M per ton in May 2023; afterwards, it flattened through to November 2023.

Average prices varied noticeably for the major overseas markets. In November 2023, the countries with the highest prices were China ($29.8M per ton) and Switzerland ($29.6M per ton), while the average price for exports to Germany ($27.2M per ton) and South Korea ($27.9M per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+12.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of metals; platinum, unwrought or in powder forms into Japan skyrocketed to 49 tons, growing by 37% against 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; platinum, unwrought or in powder forms skyrocketed to $1.5B in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. South Africa (39.6 tons)
2. United States (2.5 tons)
3. Taiwan (Chinese) (1.9 tons)
4. Belgium (1.8 tons)
5. South Korea (1.1 tons)
6. Germany (0.8 tons)
7. United Kingdom (0.3 tons)
8. Russia (0.2 tons)

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

Exports of metals; platinum, unwrought or in powder forms from Japan soared to 16 tons in 2022, rising by 40% compared with the previous year. In general, total exports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of metals; platinum, unwrought or in powder forms surged to $488M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Hong Kong SAR (7.3 tons)
2. Switzerland (4.2 tons)
3. United States (0.9 tons)
4. Canada (0.8 tons)
5. United Kingdom (0.7 tons)
6. Taiwan (Chinese) (0.4 tons)
7. Thailand (0.4 tons)
8. Vietnam (0.2 tons)
9. South Korea (0.2 tons)
10. China (0.1 tons)
11. Germany (0.1 tons)

Source: IndexBox Market Intelligence Platform