Canada: Platinum Catalysts Market 2025

Platinum Catalysts Market Size in Canada

In 2022, after two years of decline, there was growth in the Canadian platinum catalysts market, when its value increased by 3.2% to $X. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Platinum catalysts consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Platinum Catalysts Production in Canada

In value terms, platinum catalysts production rose remarkably 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 only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Platinum Catalysts Exports

Exports from Canada

In 2022, platinum catalysts exports from Canada declined sharply to X kg, dropping by -55.6% against the previous year's figure. Overall, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 25,725%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, platinum catalysts exports declined markedly to $X in 2022. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 40,837%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +29.5%.

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

From 2012 to 2022, the average annual growth rate of value to France amounted to +84.1%.

Export Prices by Country

The average platinum catalysts export price stood at $X per kg in 2022, increasing by 45% against the previous year. In general, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 288%. The export price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +42.3% per year.

Platinum Catalysts Imports

Imports into Canada

In 2022, approx. X tons of platinum catalysts were imported into Canada; falling by -31.7% against the year before. Overall, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 1,212%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, platinum catalysts imports reached $X in 2022. Over the period under review, imports faced a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 84%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X kg) constituted the largest platinum catalysts supplier to Canada, accounting for a 85% share of total imports. Moreover, platinum catalysts imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled +97.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.7% per year) and Norway (+34.0% per year).

In value terms, the largest platinum catalysts suppliers to Canada were Norway ($X), the UK ($X) and the United States ($X), with a combined 100% share of total imports.

The UK, with a CAGR of +91.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average platinum catalysts import price amounted to $X per kg, increasing by 52% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 436%. The import price peaked at $X per kg in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per kg), while the price for the UK ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+524.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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