World - Platinum - Market Analysis, Forecast, Size, Trends And Insights
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Platinum market: download the latest data featured by an Ai-driven BI tool. Information include trade, companies, imports, market prices, consumption, production, market size, and exports. Here is a breakdown by country, including the U.K., the U.S., Africa, the Middle East, China, Russia, Latin America, and EU. Market insights and outlook to 2030 are also featured in the dashboards.
Platinum - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | South Africa |
| 2 | Russia |
| 3 | Zimbabwe |
| 4 | Canada |
| 5 | Japan |
In value terms, South Africa led the market, alone. The second position in the ranking was occupied by Russia. It was followed by Zimbabwe.
In South Africa, the platinum market shrank by an average annual rate of -5.9% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: Russia (+2.4% per year) and Zimbabwe (+16.2% per year).
Platinum Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per kg | ||||
| Australia | 17710 | 18437 | 375 | -85.4% |
| Bulgaria | 4986 | 5129 | 892 | -57.7% |
| China | 8263 | 4544 | 2498 | -45.0% |
| Germany | 7872 | 9430 | 5623 | -15.5% |
| Japan | 19893 | 21452 | 19831 | -0.2% |
| Belgium | 30511 | 27302 | 27668 | -4.8% |
| Hong Kong SAR | 28969 | 27891 | 27998 | -1.7% |
| South Africa | 27683 | 25674 | 28372 | 1.2% |
| Italy | 27293 | 26735 | 28603 | 2.4% |
| Russia | 29082 | 26856 | 28806 | -0.5% |
| United Kingdom | 27386 | 24431 | 28895 | 2.7% |
| Switzerland | 28711 | 28230 | 29215 | 0.9% |
| United States | 27128 | 24656 | 30820 | 6.6% |
| Average | 21651 | 20347 | 15599 | -15.1% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($30,820 per kg), while Australia ($375 per kg) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per kg | ||||
| United States | 29345 | 30106 | 31842 | 4.2% |
| North Macedonia | 25397 | 27606 | 31191 | 10.8% |
| Switzerland | 27415 | 24945 | 30108 | 4.8% |
| Japan | 27552 | 26845 | 28495 | 1.7% |
| Hong Kong SAR | 28001 | 24105 | 27756 | -0.4% |
| China | 27611 | 25656 | 25511 | -3.9% |
| Italy | 28265 | 23070 | 25077 | -5.8% |
| United Kingdom | 25891 | 26452 | 24855 | -2.0% |
| Singapore | 15746 | 13994 | 12491 | -10.9% |
| Germany | 6726 | 7785 | 8135 | 10.0% |
| Bulgaria | 58847 | 29626 | 450 | -91.3% |
| Lithuania | 1168 | 294 | 244 | -54.3% |
| Indonesia | 207 | 116 | 134 | -19.6% |
| Average | 17781 | 17249 | 19736 | 5.4% |
Prices varied noticeably by the country of destination; the country with the highest price was the United States ($31,842 per kg), while Indonesia ($134 per kg) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by North Macedonia, while the other global leaders experienced more modest paces of growth.
Platinum - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United Kingdom | 2 | 2.6 | 2.4 | 9.3% |
| China | 2.2 | 1.9 | 2.4 | 4.6% |
| United States | 1.7 | 1.2 | 2 | 8.0% |
| Switzerland | 0.6 | 0.6 | 1.4 | 55.5% |
| Hong Kong SAR | 1.5 | 1.6 | 1.3 | -4.6% |
In value terms, the largest platinum importing markets worldwide were the UK ($2.4B), China ($2.4B) and the United States ($2B), together comprising 46% of global imports. Switzerland, Hong Kong SAR, Japan, Germany, Italy, North Macedonia, Singapore, Bulgaria, Indonesia and Lithuania lagged somewhat behind, together accounting for a further 41%.
In terms of the main importing countries, Switzerland (+55.5% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Platinum - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| South Africa | 4.1 | 3.4 | 3 | -14.4% |
| United Kingdom | 2.7 | 1.8 | 2.9 | 4.1% |
| Germany | 1.1 | 1.1 | 1.4 | 9.0% |
| United States | 0.7 | 0.6 | 1.3 | 37.1% |
| Hong Kong SAR | 1 | 0.7 | 1.2 | 9.8% |
In value terms, the largest platinum supplying countries worldwide were South Africa ($3B), the UK ($2.9B) and Germany ($1.4B), with a combined 48% share of global exports. The United States, Hong Kong SAR, Switzerland, Russia, Italy, Belgium, Japan, China, Australia and Bulgaria lagged somewhat behind, together accounting for a further 43%.
Bulgaria (+50.4% per year) saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Platinum - Market Forecast
Depressed by shrinking demand for platinum worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.
Platinum - Top Companies
Dalian Sunny Titanium Industry Co., Ltd., Jiangxi Copper Company Limited, JOHNSON MATTHEY PLC, MITSUBISHI MATERIALS CORPORATION, Zijin Mining Group Co., Ltd., Aurubis AG, Tongling Nonferrous Metals Group Co., Ltd., Hangzhou Zhengcai Holding Group Co., Ltd., GMK NORILSKI NIKEL, PAO, COPPER REFINERIES PTY. LTD., Yunnan Copper Co., Ltd., SUMITOMO METAL MINING CO., LTD., Baiyin Nonferrous Group Co., Ltd., LS-Nikko Copper Inc., GOLD CORPORATION, DONGKUK STEEL MILL Co., Ltd., Umicore AG & Co. KG, Yunnan Tin Co., Ltd., Western Mining Group Co., Ltd., Yunnan Metallurgical Group Co., Ltd.
Platinum - Product Coverage
- HS 711011 - Metals; platinum, unwrought or in powder form
- HS 711019 - Metals; platinum, semi-manufactured
- HS 711510 - Metal; catalysts in the form of wire cloth or grill, of platinum
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:
- USA
- 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
+ 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:
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. 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
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
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Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
2178
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
