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

Contents:

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

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

In 2022, the average import price for platinum; unwrought or in semi-manufactured formses amounted to $769,104 per ton, waning by -52.6% against the previous year. Overall, the import price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of 269% against the previous year. The import price peaked at $1,623,038 per ton in 2021, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,152,474 per ton), while the price for China ($38,824 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+56.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for platinum; unwrought or in semi-manufactured formses stood at $34,839,000 per ton in 2022, shrinking by -56.9% against the previous year. Over the period under review, the export price, however, showed a significant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 141%. Over the period under review, the average export prices attained the maximum at $80,765,286 per ton in 2021, and then dropped rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +48.5% per year.

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

In 2022, the amount of platinum; unwrought or in semi-manufactured formses imported into Indonesia skyrocketed to 3 tons, rising by 62% against 2021 figures. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of platinum; unwrought or in semi-manufactured formses dropped rapidly to $2.3M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 311%. As a result, imports reached the peak of $3M, and then contracted dramatically in the following year.

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

1. China (1230.0 kg)
2. Singapore (580.0 kg)
3. Japan (487.0 kg)
4. Thailand (476.0 kg)
5. United States (78.0 kg)
6. South Korea (73.0 kg)
7. Italy (70.0 kg)

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

In 2022, after two years of decline, there was significant decline in shipments abroad of platinum; unwrought or in semi-manufactured formses, when their volume decreased by -71.4% to 2 kg. In general, exports continue to indicate a dramatic shrinkage. The smallest decline of -36.4% was in 2020.

In value terms, exports of platinum; unwrought or in semi-manufactured formses contracted rapidly to $70K in 2022. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 131% against the previous year.

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

1. Singapore (2.0 kg)

Source: IndexBox Market Intelligence Platform