U.S.: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in the U.S.

In 2022, the U.S. platinum catalysts market decreased by -1.6% to $X, falling for the second year in a row after five years of growth. Overall, consumption, however, continues to indicate significant growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Platinum Catalysts Production in the U.S.

In value terms, platinum catalysts production rose slightly to $X in 2022. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Platinum Catalysts Exports

Exports from the U.S.

In 2022, overseas shipments of platinum catalysts increased by 21% to X kg, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 89% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, platinum catalysts exports soared to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 89% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X kg) was the main destination for platinum catalysts exports from the United States, accounting for a 52% share of total exports. Moreover, platinum catalysts exports to Mexico exceeded the volume sent to the second major destination, Italy (X kg), threefold. Switzerland (X kg) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+55.4% per year) and Switzerland (+38.0% per year).

In value terms, Mexico ($X) emerged as the key foreign market for platinum catalysts exports from the United States, comprising 60% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-25.2% per year) and Italy (+87.3% per year).

Export Prices by Country

In 2022, the average platinum catalysts export price amounted to $X per kg, stabilizing at the previous year. Over the period under review, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 63%. Over the period under review, the average export prices attained the maximum at $X per kg in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per kg), while the average price for exports to Taiwan (Chinese) ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Catalysts Imports

Imports into the U.S.

For the third year in a row, the United States recorded decline in purchases abroad of platinum catalysts, which decreased by -25% to X kg in 2022. Over the period under review, imports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2019 with an increase of 3,300%. As a result, imports attained the peak of X kg. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, platinum catalysts imports dropped to $X in 2022. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 381%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of platinum catalysts to the United States, with a 88% share of total imports. Moreover, platinum catalysts imports from Germany exceeded the figures recorded by the second-largest supplier, Mexico (X kg), more than tenfold. Switzerland (X kg) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-10.4% per year) and Switzerland (-19.2% per year).

In value terms, Germany ($X) constituted the largest supplier of platinum catalysts to the United States, comprising 92% of total imports. The second position in the ranking was taken by Mexico ($X), with a 4.7% share of total imports. It was followed by Switzerland, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-10.0% per year) and Switzerland (+4.9% per year).

Import Prices by Country

The average platinum catalysts import price stood at $X per kg in 2022, with an increase of 18% against the previous year. In general, the import price posted a prominent expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 1,307%. As a result, import price attained the peak level of $X per kg. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+60.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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