Peru: Platinum Market 2025

Platinum Market Size in Peru

The Peruvian platinum market surged to $X in 2021, rising by 22% against the previous year. Overall, consumption, however, recorded a perceptible curtailment. Platinum consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Platinum Production in Peru

In value terms, platinum production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible decline. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Platinum Exports

Exports from Peru

In 2021, overseas shipments of platinum increased by 111% to X kg, rising for the second year in a row after four years of decline. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,117% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, platinum exports totaled $X in 2021. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,154% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Switzerland (X kg) was the main destination for platinum exports from Peru, with a 75% share of total exports. Moreover, platinum exports to Switzerland exceeded the volume sent to the second major destination, the UK (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland stood at +41.7%.

In value terms, the largest markets for platinum exported from Peru were the UK ($X) and Switzerland ($X).

Among the main countries of destination, the UK, with a CAGR of +40.5%, saw 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, dropping by -52.3% against the previous year. Overall, the export price, however, posted slight growth. The pace of growth appeared the most rapid in 2013 an increase of 97% against the previous year. Over the period under review, the average export prices reached the maximum at $X per kg in 2020, and then declined significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Platinum Imports

Imports into Peru

In 2021, approx. X kg of platinum were imported into Peru; falling by -48.9% on 2020. In general, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of 628%. As a result, imports reached the peak of X kg, and then declined notably in the following year.

In value terms, platinum imports fell sharply to $X in 2021. Overall, imports showed a slight setback. The most prominent rate of growth was recorded in 2020 when imports increased by 647% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

Canada (X kg), the United States (X kg) and Brazil (X kg) were the main suppliers of platinum imports to Peru, together accounting for 71% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and the Czech Republic ($X) were the largest platinum suppliers to Peru, together accounting for 76% of total imports. The UK, Italy, Brazil and Germany lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, the UK, with a CAGR of +30.3%, saw the highest growth rate of the value of imports, 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, rising by 20% against the previous year. Over the period under review, the import price showed a slight increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 81%. Over the period under review, average import prices reached the maximum at $X per kg in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per kg), while the price for Germany ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+37.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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