Northern America: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Northern America

In 2022, the North American platinum catalysts market decreased by -0.2% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, saw a strong expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Platinum Catalysts Production in Northern America

In value terms, platinum catalysts production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 25%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Platinum Catalysts Exports

Exports in Northern America

In 2022, the amount of platinum catalysts exported in Northern America shrank notably to X kg, waning by -22.7% on 2021. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 203% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, platinum catalysts exports surged to $X in 2022. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 86% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United States (X kg) represented the key exporter of platinum catalysts, comprising 67% of total exports. It was distantly followed by Canada (X kg), comprising a 33% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to platinum catalysts exports from the United States stood at -17.2%. Canada (-3.3%) illustrated a downward trend over the same period. Canada (+23 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -23.3% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest platinum catalysts supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 4.3% share of total exports.

In the United States, platinum catalysts exports contracted by an average annual rate of -11.0% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per kg in 2022, growing by 49% against the previous year. Over the period under review, the export price recorded noticeable growth. The most prominent rate of growth was recorded in 2021 an increase of 182% against the previous year. The level of export peaked at $X per kg in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per kg), while Canada amounted to $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+15.2%).

Platinum Catalysts Imports

Imports in Northern America

Platinum catalysts imports dropped remarkably to X tons in 2022, falling by -30.3% compared with 2021 figures. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 720%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, platinum catalysts imports reached $X in 2022. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Canada prevails in imports structure, resulting at X tons, which was approx. 91% of total imports in 2022. It was distantly followed by the United States (X kg), making up a 6.9% share of total imports. Bermuda (X kg) took a little share of total imports.

Canada was also the fastest-growing in terms of the platinum catalysts imports, with a CAGR of +6.1% from 2012 to 2022. At the same time, Bermuda (+4.9%) and the United States (+1.5%) displayed positive paces of growth. While the share of Canada (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported platinum catalysts in Northern America, comprising 93% of total imports. The second position in the ranking was held by the United States ($X), with a 6.8% share of total imports.

In Canada, platinum catalysts imports contracted by an average annual rate of -11.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+10.6% per year) and Bermuda (-18.3% per year).

Import Prices by Country

The import price in Northern America stood at $X per kg in 2022, surging by 48% against the previous year. Overall, the import price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 375%. The level of import peaked at $X per kg in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per kg), while Bermuda ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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