China: Platinum Catalysts Market 2025

Platinum Catalysts Market Size in China

The Chinese platinum catalysts market rose markedly to $X in 2022, picking up by 7.2% against the previous year. Overall, consumption showed buoyant growth. Platinum catalysts consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Platinum Catalysts Production in China

In value terms, platinum catalysts production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 39% against the previous year. Platinum catalysts production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Platinum Catalysts Exports

Exports from China

After two years of growth, overseas shipments of platinum catalysts decreased by -81.5% to X kg in 2022. Overall, exports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 8,807% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, platinum catalysts exports reduced rapidly to $X in 2022. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 7,134% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X kg) was the main destination for platinum catalysts exports from China, accounting for a 99% share of total exports. It was followed by Germany (X kg), with a 0.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +354.4%.

In value terms, India ($X) emerged as the key foreign market for platinum catalysts exports from China, comprising 100% of total exports. The second position in the ranking was taken by Germany ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +534.2%.

Export Prices by Country

The average platinum catalysts export price stood at $X per ton in 2022, growing by 174% against the previous year. Over the period under review, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+40.8%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Catalysts Imports

Imports into China

In 2022, imports of platinum catalysts into China declined rapidly to X kg, with a decrease of -30.8% against the year before. In general, imports faced a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by 883%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, platinum catalysts imports fell notably to $X in 2022. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 817% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Japan (X kg) was the main supplier of platinum catalysts to China, with a 99% share of total imports. It was followed by the United States (X kg), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled +16.1%.

In value terms, Japan ($X) constituted the largest supplier of platinum catalysts to China, comprising 93% of total imports. The second position in the ranking was held by the United States ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +79.2%.

Import Prices by Country

In 2022, the average platinum catalysts import price amounted to $X per ton, growing by 1.5% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, platinum catalysts import price decreased by -3.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Japan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%).

Source: IndexBox Platform

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