Italy: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Italy

The Italian platinum catalysts market soared to $X in 2022, with an increase of 99% against the previous year. Overall, consumption recorded resilient growth. Platinum catalysts consumption peaked in 2022 and is expected to retain growth in the near future.

Platinum Catalysts Production in Italy

In value terms, platinum catalysts production shrank slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 5.1%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Platinum Catalysts Exports

Exports from Italy

In 2022, overseas shipments of platinum catalysts increased by 763% to X kg, rising for the second consecutive year after four years of decline. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 6,100%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, platinum catalysts exports rose remarkably to $X in 2022. Over the period under review, exports, however, saw a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 2,070% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X kg) was the main destination for platinum catalysts exports from Italy, accounting for a 56% share of total exports. Moreover, platinum catalysts exports to India exceeded the volume sent to the second major destination, Argentina (X kg), threefold. The third position in this ranking was held by Norway (X kg), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (0.0% per year) and Norway (0.0% per year).

In value terms, Norway ($X) emerged as the key foreign market for platinum catalysts exports from Italy, comprising 98% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 0.9% share of total exports. It was followed by India, with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-46.7% per year) and India (-25.7% per year).

Export Prices by Country

In 2022, the average platinum catalysts export price amounted to $X per kg, shrinking by -87.6% against the previous year. In general, the export price continues to indicate a sharp decrease. The most prominent rate of growth was recorded in 2014 an increase of 1,088% against the previous year. The export price peaked at $X per kg in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per kg), while the average price for exports to India ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+103.7%), while the prices for the other major destinations experienced a decline.

Platinum Catalysts Imports

Imports into Italy

In 2022, overseas purchases of platinum catalysts increased by 338% to X tons, rising for the third consecutive year after two years of decline. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 706%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, platinum catalysts imports reduced slightly to $X in 2022. In general, imports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 89%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Austria (X tons) was the main platinum catalysts supplier to Italy, accounting for a 99% share of total imports. It was followed by Germany (X kg), with a 0.7% share of total imports. Norway (X kg) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria stood at +1,164.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.3% per year) and Norway (-7.9% per year).

In value terms, Norway ($X) constituted the largest supplier of platinum catalysts to Italy, comprising 95% of total imports. The second position in the ranking was taken by Germany ($X), with a 4.2% share of total imports. It was followed by Austria, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Norway totaled -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-30.8% per year) and Austria (+340.6% per year).

Import Prices by Country

In 2022, the average platinum catalysts import price amounted to $X per kg, which is down by -78% against the previous year. Over the period under review, the import price faced a dramatic slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 192%. Over the period under review, average import prices hit record highs at $X per kg in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9,987.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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