Sweden: Platinum Market 2025

Platinum Market Size in Sweden

In 2021, the Swedish platinum market increased by 8.4% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a deep slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Platinum Production in Sweden

In value terms, platinum production declined slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2013 with an increase of 62% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Platinum Exports

Exports from Sweden

In 2021, shipments abroad of platinum increased by 21% to X kg, rising for the third year in a row after three years of decline. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 360%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, platinum exports declined markedly to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 937%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X kg) was the main destination for platinum exports from Sweden, accounting for a 73% share of total exports. Moreover, platinum exports to China exceeded the volume sent to the second major destination, Norway (X kg), fourfold. The third position in this ranking was held by Finland (X kg), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+47.1% per year) and Finland (+22.6% per year).

In value terms, Norway ($X), China ($X) and Finland ($X) appeared to be the largest markets for platinum exported from Sweden worldwide, together comprising 88% of total exports. Singapore lagged somewhat behind, accounting for a further less than 0.1%.

Singapore, with a CAGR of +356.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average platinum export price stood at $X per kg in 2021, dropping by -41.9% against the previous year. Overall, the export price saw a deep slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 298% against the previous year. The export price peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per kg), while the average price for exports to Singapore ($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 Norway (+3.3%), while the prices for the other major destinations experienced a decline.

Platinum Imports

Imports into Sweden

In 2021, approx. X kg of platinum were imported into Sweden; picking up by 96% on the previous year. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 118%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, platinum imports surged to $X in 2021. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X kg), Norway (X kg) and the UK (X kg) were the main suppliers of platinum imports to Sweden, together accounting for 52% of total imports. These countries were followed by Japan, Poland, Germany, Austria and Switzerland, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +306.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constituted the largest supplier of platinum to Sweden, comprising 49% of total imports. The second position in the ranking was held by Austria ($X), with an 18% share of total imports. It was followed by the UK, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Norway stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+9.1% per year) and the UK (+20.3% per year).

Import Prices by Country

In 2021, the average platinum import price amounted to $X per kg, with an increase of 15% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2016 when the average import price increased by 33% against the previous year. 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 Austria ($X per kg), while the price for Poland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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