Report Update Nov 1, 2024

Germany - Platinum - Market Analysis, Forecast, Size, Trends and Insights

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Germany: Platinum Market 2024

Platinum Market Size in Germany

The German platinum market reduced rapidly to $X in 2021, shrinking by -98.7% against the previous year. In general, consumption saw a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with a decrease of -1.1%. Platinum consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Platinum Production in Germany

In value terms, platinum production contracted rapidly to $X in 2021 estimated in export price. In general, production recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1.9%. Platinum production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Platinum Exports

Exports from Germany

In 2021, shipments abroad of platinum decreased by -7.1% to X tons, falling for the third year in a row after three years of growth. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 26%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, platinum exports skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 22%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for platinum exports from Germany, accounting for a 25% share of total exports. Moreover, platinum exports to the United States exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-9.4% per year) and the UK (+0.9% per year).

In value terms, the United States ($X) remains the key foreign market for platinum exports from Germany, comprising 24% of total exports. The second position in the ranking was taken by France ($X), with a 9.5% share of total exports. It was followed by Switzerland, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.1% per year) and Switzerland (-11.4% per year).

Export Prices by Country

In 2021, the average platinum export price amounted to $X per kg, rising by 31% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached 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 2021, amid the top suppliers, the country with the highest price was Poland ($X per kg), while the average price for exports to Ireland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Imports

Imports into Germany

In 2021, purchases abroad of platinum increased by 5.2% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 33%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, platinum imports surged to $X in 2021. Over the period under review, imports, however, recorded a pronounced slump. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons), Italy (X tons) and the UK (X tons) were the main suppliers of platinum imports to Germany, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +32.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Italy ($X) and the UK ($X) appeared to be the largest platinum suppliers to Germany, with a combined 59% share of total imports.

Italy, with a CAGR of +25.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average platinum import price stood at $X per kg in 2021, with an increase of 13% against the previous year. Over the period under review, the import price, however, saw a noticeable contraction. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per kg), while the price for the UK ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for platinum in the world?

South Africa constituted the country with the largest volume of platinum consumption, accounting for 59% of total volume. Moreover, platinum consumption in South Africa exceeded the figures recorded by the second-largest consumer, Russia, sixfold. The third position in this ranking was occupied by Zimbabwe, with a 6.5% share.

What are the largest producers of platinum in the world?

South Africa constituted the country with the largest volume of platinum production, comprising approx. 60% of total volume. Moreover, platinum production in South Africa exceeded the figures recorded by the second-largest producer, Russia, sixfold. The third position in this ranking was occupied by Zimbabwe, with a 6.6% share.

What are the leading suppliers of platinum to Germany?

In value terms, the largest platinum suppliers to Germany were South Africa, Italy and the UK, together accounting for 61% of total imports.

What are the leading importers of platinum from Germany?

In value terms, the United States remains the key foreign market for platinum exports from Germany, comprising 24% of total exports. The second position in the ranking was occupied by France, with a 9.5% share of total exports. It was followed by Switzerland, with a 7.1% share.

What is the average export price for platinum in Germany?

The average platinum export price stood at $51,383 per kg in 2021, jumping by 36% against the previous year.

What is the average import price for platinum in Germany?

The average platinum import price stood at $40,051 per kg in 2021, increasing by 21% against the previous year.

This report provides an in-depth analysis of the platinum market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24413010 -
Prodcom 24413015 -
Prodcom 24413020 -
Prodcom 24413025 -
Prodcom 24413040 -
Prodcom 24413045 -
Prodcom 24413055 -
Prodcom 24413060 -
Prodcom 24413065 -
Prodcom 24413070 - Platinum catalysts in the form of wire cloth or grill
Prodcom 24413030 - Platinum, palladium, rhodium, iridium, osmium and ruthenium, unwrought or in powder form
Prodcom 24413050 - Platinum, palladium, rhodium, iridium, osmium and ruthenium, in semi-manufactured forms (excluding unwrought or in powder form)

Country coverage:

Germany

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Germany
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023