EU: Platinum Market 2025

Platinum Market Size in the EU

The EU platinum market reduced sharply to $X in 2021, declining by -46.5% against the previous year. Over the period under review, consumption showed a abrupt descent. The pace of growth was the most pronounced in 2013 with a decrease of -1.4%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Platinum Production in the EU

In value terms, platinum production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production saw a deep downturn. The most prominent rate of growth was recorded in 2013 with a decrease of -1.6% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Platinum Exports

Exports in the EU

In 2021, shipments abroad of platinum increased by 153% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, platinum exports surged to $X in 2021. In general, exports saw mild growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia prevails in exports structure, accounting for X tons, which was approx. 60% of total exports in 2021. It was distantly followed by Belgium (X tons), Denmark (X tons) and the Czech Republic (X tons), together making up a 23% share of total exports. Bulgaria (X tons), Germany (X tons), Spain (X tons) and Italy (X tons) followed a long way behind the leaders.

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, Italy (+9.2%), Spain (+8.2%) and Bulgaria (+5.5%) displayed positive paces of growth. The Czech Republic and Germany experienced a relatively flat trend pattern. By contrast, Denmark (-1.9%) and Belgium (-9.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Slovakia increased by +55 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest platinum supplying countries in the European Union were Germany ($X), Belgium ($X) and Italy ($X), with a combined 89% share of total exports. These countries were followed by the Czech Republic, Spain, Slovakia, Denmark and Bulgaria, which together accounted for a further 4.7%.

Among the main exporting countries, Denmark, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per kg in 2021, declining by -50.6% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when the export price increased by 31%. Over the period under review, the export prices reached the peak figure at $X per kg in 2018; however, from 2019 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 Germany ($X per kg), while Slovakia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+15.0%), while the other leaders experienced more modest paces of growth.

Platinum Imports

Imports in the EU

Platinum imports surged to X tons in 2021, growing by 126% compared with 2020 figures. Overall, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, platinum imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) represented the major importer of platinum, achieving 43% of total imports. It was distantly followed by Denmark (X tons), Spain (X tons), Slovakia (X tons) and Germany (X tons), together comprising a 39% share of total imports. The following importers - Italy (X tons) and France (X tons) - each accounted for a 7.9% share of total imports.

Imports into Belgium increased at an average annual rate of +11.1% from 2012 to 2021. At the same time, Spain (+38.1%), Denmark (+19.6%), Italy (+12.8%) and Slovakia (+2.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +38.1% from 2012-2021. By contrast, Germany (-1.2%) and France (-14.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium, Spain, Denmark and Italy increased by +13, +11, +7.9 and +1.7 percentage points, respectively.

In value terms, the largest platinum importing markets in the European Union were Germany ($X), Italy ($X) and Belgium ($X), together comprising 72% of total imports.

Italy, with a CAGR of +8.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per kg in 2021, declining by -40.2% against the previous year. Overall, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 81% against the previous year. As a result, import price reached the peak level of $X per kg. From 2018 to 2021, the import prices remained at a lower figure.

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 Germany ($X per kg), while Slovakia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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