Pakistan: Platinum Market 2025

Platinum Market Size in Pakistan

The Pakistani platinum market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of 8.4% against the previous year. Platinum consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Platinum Production in Pakistan

In value terms, platinum production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 12%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Platinum Exports

Exports from Pakistan

In 2021, the amount of platinum exported from Pakistan dropped sharply to X kg, waning by -49.6% on the year before. Overall, exports saw a significant curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 187% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, platinum exports fell significantly to $X in 2021. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 198% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X kg) and the UK (X kg) were the main destinations of platinum exports from Pakistan.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of -24.8%).

In value terms, Germany ($X) and the UK ($X) were the largest markets for platinum exported from Pakistan worldwide.

In terms of the main countries of destination, Germany, with a CAGR of -6.9%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average platinum export price stood at $X per kg in 2021, increasing by 52% against the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 73%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per kg), while the average price for exports to Germany amounted to $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+26.2%).

Platinum Imports

Imports into Pakistan

In 2021, the amount of platinum imported into Pakistan contracted markedly to X tons, with a decrease of -59.2% on the year before. Overall, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 515%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, platinum imports fell significantly to $X in 2021. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 207%. Over the period under review, imports hit record highs at $X in 2020, and then dropped rapidly in the following year.

Imports by Country

Germany (X kg), China (X kg) and the UK (X kg) were the main suppliers of platinum imports to Pakistan, together comprising 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +98.4%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X), China ($X) and the UK ($X) appeared to be the largest platinum suppliers to Pakistan, with a combined 90% share of total imports.

China, with a CAGR of +121.6%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average platinum import price amounted to $X per kg, surging by 99% against the previous year. Overall, the import price recorded strong growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 1,079% against the previous year. As a result, import price attained the peak level of $X per kg. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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