Asia: Platinum Catalysts Market 2025

Platinum Catalysts Market Size in Asia

For the third year in a row, the Asian platinum catalysts market recorded growth in sales value, which increased by 145% to $X in 2022. Over the period under review, consumption recorded a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Platinum Catalysts Production in Asia

In value terms, platinum catalysts production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 7.4% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Platinum Catalysts Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of platinum catalysts, when their volume decreased by -34.6% to X tons. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, platinum catalysts exports skyrocketed to $X in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 253% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan represented the main exporter of platinum catalysts in Asia, with the volume of exports reaching X tons, which was near 53% of total exports in 2022. Singapore (X tons) ranks second in terms of the total exports with a 20% share, followed by Jordan (18%) and Bahrain (5.1%).

Exports from Pakistan decreased at an average annual rate of -14.9% from 2012 to 2022. At the same time, Singapore (+11.7%) and Bahrain (+7.0%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +11.7% from 2012-2022. By contrast, Jordan (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, Pakistan, Jordan and Bahrain increased by +19, +17, +15 and +5.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest platinum catalysts supplier in Asia, comprising 49% of total exports. The second position in the ranking was taken by Pakistan ($X), with an 18% share of total exports. It was followed by Jordan, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to +27.8%. In the other countries, the average annual rates were as follows: Pakistan (-5.5% per year) and Jordan (+7.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, jumping by 107% against the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 155% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+190.3%), while the other leaders experienced more modest paces of growth.

Platinum Catalysts Imports

Imports in Asia

In 2022, approx. X tons of platinum catalysts were imported in Asia; picking up by 295% against 2021 figures. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, platinum catalysts imports surged to $X in 2022. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 49%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Indonesia (X tons) was the major importer of platinum catalysts in Asia, making up 94% of total import.

Indonesia was also the fastest-growing in terms of the platinum catalysts imports, with a CAGR of +77.9% from 2012 to 2022. While the share of Indonesia (+87 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported platinum catalysts in Asia.

In Indonesia, platinum catalysts imports increased at an average annual rate of +111.7% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per kg, with a decrease of -69.9% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 122%. As a result, import price reached the peak level of $X per kg. From 2018 to 2022, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +19.0% per year.

Source: IndexBox Platform

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