Poland: Platinum Market 2024

Platinum Market Size in Poland

In 2021, the Polish platinum market increased by 4% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, recorded a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Platinum Production in Poland

In value terms, platinum production rose modestly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Platinum Exports

Exports from Poland

In 2021, shipments abroad of platinum decreased by -1.5% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 284% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, platinum exports reached $X in 2021. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for platinum exports from Poland, with a 94% share of total exports. Moreover, platinum exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X kg), more than tenfold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-16.7% per year) and the United Arab Emirates (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for platinum exports from Poland, comprising 80% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total exports. It was followed by the UK, with a 0.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-21.0% per year) and the UK (-47.4% per year).

Export Prices by Country

The average platinum export price stood at $X per kg in 2021, surging by 9.9% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 55% against the previous year. The export price peaked at $X per kg in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per kg), while the average price for exports to the United Arab Emirates ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.3%), while the prices for the other major destinations experienced a decline.

Platinum Imports

Imports into Poland

In 2021, approx. X tons of platinum were imported into Poland; growing by 78% against 2020 figures. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 228% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, platinum imports soared to $X in 2021. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 212%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of platinum imports to Poland, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +129.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and Germany ($X) were the largest platinum suppliers to Poland, with a combined 97% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +332.7%, saw the highest rates of growth with regard to 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

In 2021, the average platinum import price amounted to $X per kg, leveling off at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 43%. As a result, import price reached the peak level of $X per kg. From 2014 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 Germany ($X per kg), while the price for Slovakia ($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 (+6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :