Eastern Europe: Platinum Market 2025

Platinum Market Size in Eastern Europe

The East European platinum market declined slightly to $X in 2021, which is down by -3.8% against the previous year. In general, consumption, however, recorded a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Platinum Production in Eastern Europe

In value terms, platinum production shrank to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt slump. The growth pace was the most rapid in 2020 when the production volume increased by 15% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Platinum Exports

Exports in Eastern Europe

In 2021, shipments abroad of platinum increased by 279% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, platinum exports skyrocketed to $X in 2021. Total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +20.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 54%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Slovakia dominates exports structure, recording X tons, which was approx. 79% of total exports in 2021. The Czech Republic (X tons) ranks second in terms of the total exports with an 8.2% share, followed by Bulgaria (4.9%). The following exporters - Poland (X tons) and Russia (X tons) - each amounted to a 5.4% share of total exports.

Slovakia was also the fastest-growing in terms of the platinum exports, with a CAGR of +42.2% from 2012 to 2021. At the same time, Russia (+16.2%), Bulgaria (+5.5%) and Poland (+2.5%) displayed positive paces of growth. The Czech Republic experienced a relatively flat trend pattern. From 2012 to 2021, the share of Slovakia increased by +60 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest platinum supplier in Eastern Europe, comprising 85% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 6.2% share of total exports. It was followed by Slovakia, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled +12.1%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (-9.7% per year) and Slovakia (-13.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per kg, with a decrease of -69.4% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when the export price increased by 141%. The level of export peaked at $X per kg in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per kg), while Slovakia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+3.0%), while the other leaders experienced a decline in the export price figures.

Platinum Imports

Imports in Eastern Europe

In 2021, overseas purchases of platinum increased by 188% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, imports recorded a pronounced increase. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, platinum imports skyrocketed to $X in 2021. Over the period under review, imports showed a tangible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia was the main importing country with an import of about X tons, which resulted at 63% of total imports. Bulgaria (X tons) ranks second in terms of the total imports with a 17% share, followed by Poland (10%). The following importers - Lithuania (X tons) and the Czech Republic (X tons) - together made up 6.8% of total imports.

Imports into Slovakia increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Lithuania (+106.0%), Bulgaria (+72.9%) and Poland (+19.7%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +106.0% from 2012-2021. By contrast, the Czech Republic (-14.2%) illustrated a downward trend over the same period. Bulgaria (+17 p.p.), Poland (+7.1 p.p.) and Lithuania (+4.2 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic and Slovakia saw its share reduced by -12.5% and -15.3% from 2012 to 2021, respectively.

In value terms, Poland ($X) constitutes the largest market for imported platinum in Eastern Europe, comprising 56% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 5.7% share of total imports. It was followed by Bulgaria, with a 4.2% share.

In Poland, platinum imports increased at an average annual rate of +19.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (-8.7% per year) and Bulgaria (+38.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per kg, which is down by -42.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 128% against the previous year. The level of import peaked at $X per kg in 2020, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per kg), while Slovakia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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