Price for Platinum; Unwrought or in Semi-Manufactured Forms in Ethiopia - 2022

Contents:

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

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Ethiopia (FOB) - 2022

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $968,769 per ton, shrinking by -92.1% against the previous year. Overall, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 337% against the previous year. Over the period under review, the average export prices hit record highs at $12,271,000 per ton in 2021, and then fell significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,994,000 per ton), while the average price for exports to Australia totaled $418,727 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.3%).

Price for Platinum; Unwrought or in Semi-Manufactured Forms in Ethiopia (CIF) - 2022

The average import price for platinum; unwrought or in semi-manufactured formses stood at $3,551,667 per ton in 2022, with an increase of 7.9% against the previous year. In general, the import price posted a moderate expansion. The growth pace was the most rapid in 2016 an increase of 1,482% against the previous year. The import price peaked at $6,029,500 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($7,436,000 per ton), while the price for China stood at $1,510,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1,267.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Platinum; Unwrought or in Semi-Manufactured Forms in Ethiopia

Exports of platinum; unwrought or in semi-manufactured formses from Ethiopia soared to 13 kg in 2022, increasing by 333% compared with the previous year's figure. In general, exports saw a significant increase. 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 declined remarkably to $13K in 2022. Overall, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 166%. As a result, the exports attained the peak of $37K, and then reduced dramatically in the following year.

Top Export Markets for Platinum; Unwrought or in Semi-Manufactured Forms from Ethiopia in 2022:

1. Australia (11.0 kg)
2. United States (2.0 kg)

Imports of Platinum; Unwrought or in Semi-Manufactured Forms in Ethiopia

In 2022, purchases abroad of platinum; unwrought or in semi-manufactured formses decreased by -85.7% to 3 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 1,725%. As a result, imports attained the peak of 73 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of platinum; unwrought or in semi-manufactured formses contracted sharply to $11K in 2022. Overall, imports showed a deep reduction. The growth pace was the most rapid in 2020 with an increase of 551% against the previous year. As a result, imports reached the peak of $118K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Platinum; Unwrought or in Semi-Manufactured Forms to Ethiopia in 2022:

1. China (2.0 kg)
2. United Arab Emirates (1.0 kg)

Source: IndexBox Market Intelligence Platform