Price for Platinum; Unwrought or in Semi-Manufactured Forms in New Zealand - 2024

Contents:

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

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

In 2022, the average export price for platinum; unwrought or in semi-manufactured formses amounted to $38,773,731 per ton, picking up by 21% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The pace of growth appeared the most rapid in 2013 an increase of 47% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($56,145,850 per ton), while the average price for exports to the United States ($28,454,652 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 Thailand (+95.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for platinum; unwrought or in semi-manufactured formses stood at $21,799,026 per ton in 2022, waning by -11.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29% against the previous year. The import price peaked at $24,754,252 per ton in 2021, and then fell 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 Switzerland ($45,724,000 per ton), while the price for the United States ($10,303,172 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Platinum; Unwrought or in Semi-Manufactured Forms in New Zealand

In 2022, the amount of platinum; unwrought or in semi-manufactured formses exported from New Zealand dropped slightly to 108 kg, waning by -4.4% compared with the year before. The total export volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, the exports reached the peak of 113 kg, and then contracted modestly in the following year.

In value terms, exports of platinum; unwrought or in semi-manufactured formses skyrocketed to $4.2M in 2022. The total export value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Australia (37.0 kg)
2. Thailand (28.0 kg)
3. United States (23.0 kg)
4. Hong Kong SAR (20.0 kg)

Imports of Platinum; Unwrought or in Semi-Manufactured Forms in New Zealand

In 2022, the amount of platinum; unwrought or in semi-manufactured formses imported into New Zealand plummeted to 156 kg, reducing by -27.1% on 2021 figures. Over the period under review, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of 214 kg, and then shrank dramatically in the following year.

In value terms, imports of platinum; unwrought or in semi-manufactured formses reduced remarkably to $3.4M in 2022. Overall, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 39%. As a result, imports reached the peak of $5.3M, and then contracted sharply in the following year.

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

1. United States (58.0 kg)
2. Japan (50.0 kg)
3. Australia (19.0 kg)
4. Italy (15.0 kg)
5. Germany (7.0 kg)
6. Switzerland (4.0 kg)

Source: IndexBox Market Intelligence Platform