Argentina: Platinum Market 2025

Platinum Market Size in Argentina

In 2021, after four years of decline, there was growth in the Argentinian platinum market, when its value increased by 3.3% to $X. Overall, consumption, however, recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Platinum Production in Argentina

In value terms, platinum production rose to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of 25%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Platinum Exports

Exports from Argentina

In 2021, approx. X kg of platinum were exported from Argentina; with a decrease of -58.8% on 2020 figures. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 423% against the previous year. As a result, the exports attained the peak of X kg, and then dropped significantly in the following year.

In value terms, platinum exports surged to $X in 2021. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 256% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for platinum exports from Argentina, accounting for a 75% share of total exports. Moreover, platinum exports to the United States exceeded the volume sent to the second major destination, the UK (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Chile (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for platinum exports from Argentina, comprising 100% of total exports. The second position in the ranking was held by Germany ($X), with a 0.2% share of total exports. It was followed by the UK, with a 0.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-41.6% per year) and the UK (0.0% per year).

Export Prices by Country

In 2021, the average platinum export price amounted to $X per kg, rising by 404% against the previous year. In general, the export price enjoyed slight growth. Over the period under review, the average export prices hit record highs at $X per kg in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per kg), while the average price for exports to Chile ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-15.3%).

Platinum Imports

Imports into Argentina

Platinum imports into Argentina rose sharply to X kg in 2021, increasing by 12% against the previous year's figure. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 160%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, platinum imports soared to $X in 2021. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2013 when imports increased by 143% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The UK (X kg), Belgium (X kg) and Germany (X kg) were the main suppliers of platinum imports to Argentina, with a combined 57% share of total imports. The United States and South Africa lagged somewhat behind, together comprising a further 8.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +46.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Belgium ($X) and Germany ($X) were the largest platinum suppliers to Argentina, together accounting for 56% of total imports. The United States, South Africa and Japan lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, Japan, with a CAGR of +68.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average platinum import price stood at $X per kg in 2021, with an increase of 25% against the previous year. In general, the import price, however, recorded a perceptible contraction. Over the period under review, average import prices hit record highs at $X per kg in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per kg), while the price for Japan ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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