Europe: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Europe

In 2022, the Europe platinum catalysts market was finally on the rise to reach $X after two years of decline. In general, consumption showed 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 Europe

In value terms, platinum catalysts production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 16%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Platinum Catalysts Exports

Exports in Europe

In 2022, after four years of growth, there was significant decline in shipments abroad of platinum catalysts, when their volume decreased by -33.7% to X tons. Over the period under review, exports saw a mild reduction. The growth pace was the most rapid in 2016 when exports increased by 53%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, platinum catalysts exports dropped to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.4% against 2017 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Russia represented the largest exporting country with an export of about X tons, which reached 37% of total exports. The UK (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (13%), Denmark (11%), the Czech Republic (9.3%) and Greece (4.7%). Spain (X tons) took a little share of total exports.

Exports from Russia increased at an average annual rate of +12.0% from 2012 to 2022. At the same time, Greece (+470.7%), Bulgaria (+12.4%), the Czech Republic (+8.9%) and Spain (+8.6%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in Europe, with a CAGR of +470.7% from 2012-2022. By contrast, Denmark (-4.0%) and the UK (-6.4%) illustrated a downward trend over the same period. While the share of Russia (+27 p.p.), Bulgaria (+9.7 p.p.), the Czech Republic (+5.9 p.p.), Greece (+4.7 p.p.) and Spain (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Denmark (-3.2 p.p.) and the UK (-11.1 p.p.) displayed negative dynamics.

In value terms, the UK ($X) remains the largest platinum catalysts supplier in Europe, comprising 23% of total exports. The second position in the ranking was held by Russia ($X), with a 7.5% share of total exports. It was followed by Denmark, with a 0.9% share.

In the UK, platinum catalysts exports declined by an average annual rate of -2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (+23.1% per year) and Denmark (+4.3% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, increasing by 29% against the previous year. Overall, the export price continues to indicate moderate growth. The pace of growth appeared the most rapid in 2017 when the export price increased by 154% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.0%), while the other leaders experienced more modest paces of growth.

Platinum Catalysts Imports

Imports in Europe

In 2022, overseas purchases of platinum catalysts increased by 52% to X tons, rising for the fourth year in a row after four years of decline. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 123% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, platinum catalysts imports contracted to $X in 2022. Over the period under review, imports recorded a mild increase. The pace of growth appeared the most rapid in 2018 when imports increased by 37% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Spain was the largest importing country with an import of about X tons, which recorded 38% of total imports. The Netherlands (X tons) took the second position in the ranking, followed by Slovakia (X tons) and Portugal (X tons). All these countries together held near 48% share of total imports. Denmark (X tons), Norway (X tons) and Italy (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +180.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the Netherlands ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 30% of total imports. Portugal, Italy, Denmark and Slovakia lagged somewhat behind, together comprising a further 4.2%.

Portugal, with a CAGR of +209.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, reducing by -43.7% against the previous year. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 when the import price increased by 89%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

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 Norway ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+18.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform