Eastern Asia: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Eastern Asia

In 2022, the East Asian platinum catalysts market increased by 509% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Platinum Catalysts Production in Eastern Asia

In value terms, platinum catalysts production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Platinum Catalysts Exports

Exports in Eastern Asia

Platinum catalysts exports fell significantly to X kg in 2022, waning by -68.1% compared with 2021 figures. Over the period under review, exports recorded a dramatic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 89%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, platinum catalysts exports contracted sharply to $X in 2022. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 68% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China represented the main exporting country with an export of around X kg, which accounted for 54% of total exports. It was distantly followed by Japan (X kg), South Korea (X kg) and Taiwan (Chinese) (X kg), together committing a 46% share of total exports.

Exports from China decreased at an average annual rate of -44.3% from 2012 to 2022. Japan (-3.7%), South Korea (-12.6%) and Taiwan (Chinese) (-40.2%) illustrated a downward trend over the same period. Japan (+24 p.p.) and South Korea (+15 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -40% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest platinum catalysts supplying countries in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), together accounting for 99% of total exports.

Japan, with a CAGR of -2.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by 152% against the previous year. Over the period under review, the export price recorded a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.7%), while the other leaders experienced more modest paces of growth.

Platinum Catalysts Imports

Imports in Eastern Asia

In 2022, purchases abroad of platinum catalysts increased by 618% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, platinum catalysts imports dropped rapidly to $X in 2022. In general, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan prevails in imports structure, recording X tons, which was near 90% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X kg), generating a 5.4% share of total imports. The following importers - China (X kg) and South Korea (X kg) - each finished at a 3.8% share of total imports.

Japan was also the fastest-growing in terms of the platinum catalysts imports, with a CAGR of +37.6% from 2012 to 2022. Taiwan (Chinese) (-2.7%), China (-10.9%) and South Korea (-28.8%) illustrated a downward trend over the same period. While the share of Japan (+85 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (-5.6 p.p.), China (-9.2 p.p.) and South Korea (-69 p.p.) displayed negative dynamics.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined 99% share of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +2.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per kg, with a decrease of -90.4% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 430% against the previous year. The level of import peaked at $X per kg in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per kg), while China ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+26.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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