Report Update Nov 1, 2024

Peru - Platinum - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Peru: Platinum Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for platinum in the world?

The country with the largest volume of platinum consumption was South Africa, accounting for 59% of total volume. Moreover, platinum consumption in South Africa exceeded the figures recorded by the second-largest consumer, Russia, sixfold. The third position in this ranking was occupied by Zimbabwe, 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 Peru?

In value terms, the United States constituted the largest supplier of platinum to Peru.

What are the leading importers of platinum from Peru?

In value terms, the UK remains the key foreign market for platinum exports from Peru, comprising 77% of total exports. The second position in the ranking was occupied by Switzerland, with a 23% share of total exports.

What is the average export price for platinum in Peru?

The average platinum export price stood at $13,207 per kg in 2021, declining by -42.6% against the previous year.

What is the average import price for platinum in Peru?

The average platinum import price stood at $15,048 per kg in 2021, rising by 1,811% against the previous year.

This report provides an in-depth analysis of the platinum market in Peru. 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:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023