Report Update Feb 1, 2025

Hong Kong SAR, China - Platinum - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Platinum Market 2025

Platinum Market Size in Hong Kong SAR, China

In 2021, the Hong Kong platinum market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Platinum Production in Hong Kong SAR, China

In value terms, platinum production expanded slightly to $X in 2021 estimated in export price. In general, production, however, faced a abrupt slump. Platinum production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Platinum Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of platinum were exported from Hong Kong SAR; increasing by 19% against 2020. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 65% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, platinum exports surged to $X in 2021. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 66%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons) was the main destination for platinum exports from Hong Kong SAR, accounting for a 85% share of total exports. Moreover, platinum exports to China exceeded the volume sent to the second major destination, Switzerland (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +13.7%.

In value terms, China ($X) remains the key foreign market for platinum exports from Hong Kong SAR, comprising 85% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +9.5%.

Export Prices by Country

In 2021, the average platinum export price amounted to $X per kg, increasing by 28% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. The export price peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per kg), while the average price for exports to China stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.5%).

Platinum Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of platinum were imported into Hong Kong SAR; jumping by 20% against 2020. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 30%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, platinum imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Africa (X tons), the UK (X tons) and Switzerland (X tons) were the main suppliers of platinum imports to Hong Kong SAR, with a combined 78% share of total imports. Japan, South Korea, the United States and Russia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +120.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest platinum suppliers to Hong Kong SAR were South Africa ($X), the UK ($X) and Japan ($X), together comprising 79% of total imports. These countries were followed by Switzerland, South Korea, the United States and Russia, which together accounted for a further 20%.

Russia, with a CAGR of +142.2%, saw the highest growth rate of 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

In 2021, the average platinum import price amounted to $X per kg, growing by 24% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Africa ($X per kg) and Russia ($X per kg), while the price for Switzerland ($X per kg) and the United States ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.4%), 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 remains the largest platinum consuming country worldwide, comprising approx. 59% of total volume. Moreover, platinum consumption in South Africa exceeded the figures recorded by the second-largest consumer, Russia, sixfold. Zimbabwe ranked third in terms of total consumption 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. Zimbabwe ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of platinum to Hong Kong SAR, China?

In value terms, South Africa, the UK and Japan were the largest platinum suppliers to Hong Kong SAR, with a combined 79% share of total imports. Switzerland, South Korea, the United States and Russia lagged somewhat behind, together comprising a further 20%.

What are the leading importers of platinum from Hong Kong SAR, China?

In value terms, China remains the key foreign market for platinum exports from Hong Kong SAR, comprising 85% of total exports. The second position in the ranking was occupied by Switzerland, with a 14% share of total exports.

What is the average export price for platinum in Hong Kong SAR, China?

In 2021, the average platinum export price amounted to $28,088 per kg, therefore, remained relatively stable against the previous year.

What is the average import price for platinum in Hong Kong SAR, China?

In 2021, the average platinum import price amounted to $34,584 per kg, jumping by 23% against the previous year.

This report provides an in-depth analysis of the platinum market in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024