Algeria: Platinum Market 2025

Platinum Market Size in Algeria

In 2021, the Algerian platinum market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. In general, consumption, however, showed a abrupt shrinkage. Platinum consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Platinum Production in Algeria

In value terms, platinum production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a deep downturn. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Platinum Exports

Exports from Algeria

In 2021, overseas shipments of platinum decreased by -25% to X kg, falling for the eighth year in a row after two years of growth. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by 2% against the previous year. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, platinum exports dropped to $X in 2021. Over the period under review, exports saw a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for platinum exports from Algeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at -21.0%.

In value terms, France ($X) also remains the key foreign market for platinum exports from Algeria.

From 2012 to 2021, the average annual growth rate of value to France totaled -14.9%.

Export Prices by Country

In 2021, the average platinum export price amounted to $X per kg, with an increase of 16% against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, platinum export price increased by +130.6% against 2013 indices. The pace of growth appeared the most rapid in 2014 an increase of 45% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +7.7% per year.

Platinum Imports

Imports into Algeria

In 2021, purchases abroad of platinum decreased by -80% to X kg, falling for the second consecutive year after four years of growth. Overall, imports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 1,600% against the previous year. Imports peaked at X kg in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, platinum imports plummeted to $X in 2021. Over the period under review, imports saw a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 63,462% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X kg) was the main supplier of platinum to Algeria, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the UK was relatively modest.

In value terms, the UK ($X), Germany ($X) and France ($X) constituted the largest platinum suppliers to Algeria, with a combined 96% share of total imports.

The UK, with a CAGR of +5.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average platinum import price amounted to $X per kg, increasing by 2.9% against the previous year. In general, the import price continues to indicate measured growth. The growth pace was the most rapid in 2017 when the average import price increased by 3,881%. Over the period under review, average import prices hit record highs at $X per kg in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per kg), while the price for France ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+30.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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