We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
World - Platinum - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

World - Platinum - Market Analysis, Forecast, Size, Trends And Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Jan 31, 2024

Best Import Markets for Platinum

In today's global economy, the trade of precious metals has become increasingly important. One such metal that holds significant value and demand is platinum. Known for its rarity and various industrial applications, platinum has a thriving import market. In this article, we will explore the world's best import markets for platinum, providing key statistics and insights.

1. China: Leading the Import Market

Leading the pack is China, with an import value of $2.6 billion in 2022. The country's rapid industrialization and growing manufacturing sector have contributed to the high demand for platinum. With its strong presence in the automotive industry, platinum is a crucial component for catalytic converters. China's import market for platinum is expected to continue growing in the coming years.

2. United States: Following Close Behind

The United States comes in second, with an import value of $2.2 billion in 2022. Similar to China, the automotive industry plays a significant role in platinum demand in the US. Additionally, platinum is widely used in the production of jewelry and electronics. With the country's steady economic growth, the import market for platinum in the United States remains robust.

3. United Kingdom: A Strong Contender

The United Kingdom holds the third position with an import value of $2.1 billion in 2022. Platinum's diverse applications in industries such as automotive, healthcare, and chemical make it a valuable commodity for the UK. Moreover, the country's role as a financial hub further contributes to platinum import demand as investors seek safe-haven assets.

4. Hong Kong SAR and Japan: Neck and Neck

Hong Kong SAR and Japan both share the fourth position, with an import value of $1.6 billion each in 2022. These countries have a strong jewelry market, with platinum being highly sought after for its beauty and durability. Additionally, both Hong Kong SAR and Japan have a significant presence in the automotive industry, further driving platinum import demand.

5. India: A Growing Market

India reports an import value of $1.3 billion in 2022, securing the sixth position. The country's rapidly growing economy, coupled with an increasing middle-class population, has fueled demand for platinum. The expansion of the automotive and jewelry sectors has been instrumental in driving India's import market for platinum.

6. Germany and Switzerland: Fostering Platinum Use

Germany and Switzerland both stand at an import value of $1.3 billion and $988.5 million, respectively, in 2022. These European countries have a robust manufacturing sector, with platinum playing a vital role in various industries. The use of platinum in catalysts, electrical components, and chemical processes has driven steady import demand in Germany and Switzerland.

7. Italy: A Steady Market

Italy reports an import value of $819.9 million in 2022, making it one of the prominent import markets for platinum. The country's strong presence in the jewelry industry, coupled with its manufacturing sector, contributes to consistent demand for platinum. Italy's focus on high-quality craftsmanship has established it as a key player in the platinum import market.

8. Belgium: Making Its Mark

Belgium rounds up the top ten import markets for platinum with an import value of $481.0 million in 2022. The country's strategic location as a gateway to Europe, coupled with its thriving diamond industry, has created a market for platinum. Belgium's position as a global trading hub has led to an increase in platinum imports.

Overall, the import market for platinum is highly dynamic, driven by a diverse range of industries and economic factors. China leads the way, followed closely by the United States and the United Kingdom. Other countries like Hong Kong SAR, Japan, India, Germany, Switzerland, Italy, and Belgium also contribute significantly to the import market. These countriesstrong industrial bases, growing economies, and thriving jewelry markets make them key players in the platinum import landscape.

Disclaimer: The data used in this article was sourced from the IndexBox market intelligence platform.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global platinum market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24413010 -
  • Prodcom 24413015 -
  • Prodcom 24413020 -
  • Prodcom 24413025 -
  • Prodcom 24413040 -
  • Prodcom 24413045 -
  • Prodcom 24413055 -
  • Prodcom 24413060 -
  • Prodcom 24413065 -
  • Prodcom 24413070 - Platinum catalysts in the form of wire cloth or grill
  • Prodcom 24413030 - Platinum, palladium, rhodium, iridium, osmium and ruthenium, unwrought or in powder form
  • Prodcom 24413050 - Platinum, palladium, rhodium, iridium, osmium and ruthenium, in semi-manufactured forms (excluding unwrought or in powder form)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Anglo American Platinum, Impala Platinum, Sibanye-Stillwater, Northam Platinum, Norilsk Nickel, Lonmin plc, Aquarius Platinum Ltd., Northam, Stillwater Mining Company, Vale, Xstrata, Asahi Holdings, Inc

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

Recommended posts

Free Data: Platinum - World
Table
Platinum - World - Table
Dashboard
Platinum - World - Dashboard
Report
Platinum - World - Report