United Kingdom: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in the UK

In 2022, after four years of decline, there was significant growth in the UK platinum catalysts market, when its value increased by 14% to $X. Over the period under review, consumption, however, recorded a abrupt decrease. Platinum catalysts consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Platinum Catalysts Production in the UK

In value terms, platinum catalysts production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 61% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Platinum Catalysts Exports

Exports from the UK

After two years of growth, shipments abroad of platinum catalysts decreased by -17.5% to X tons in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 139% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, platinum catalysts exports declined to $X in 2022. In general, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 66% 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 stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for platinum catalysts exports from the UK, with a 24% share of total exports. Moreover, platinum catalysts exports to Australia exceeded the volume sent to the second major destination, South Korea (X tons), twofold. The third position in this ranking was held by Chile (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-6.4% per year) and Chile (+20.5% per year).

In value terms, Australia ($X), Poland ($X) and South Korea ($X) appeared to be the largest markets for platinum catalysts exported from the UK worldwide, with a combined 42% share of total exports. Egypt, Chile, Turkey, Spain, Taiwan (Chinese), Japan and Germany lagged somewhat behind, together comprising a further 42%.

Among the main countries of destination, Chile, with a CAGR of +21.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average platinum catalysts export price amounted to $X per kg, with an increase of 3.6% against the previous year. Overall, the export price saw a temperate expansion. The most prominent rate of growth was recorded in 2016 an increase of 99%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per kg), while the average price for exports to Germany ($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 Austria (+215.8%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Catalysts Imports

Imports into the UK

Platinum catalysts imports into the UK reduced remarkably to X kg in 2022, declining by -35.1% compared with the previous year. In general, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2020 when imports increased by 100% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, platinum catalysts imports skyrocketed to $X in 2022. Over the period under review, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2019 when imports increased by 146% against the previous year. 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 platinum catalysts supplier to the UK, with a 45% share of total imports. Moreover, platinum catalysts imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold. The third position in this ranking was taken by Italy (X kg), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-32.4% per year) and Italy (-54.4% per year).

In value terms, Switzerland ($X), Germany ($X) and the United States ($X) appeared to be the largest platinum catalysts suppliers to the UK, with a combined 61% share of total imports. Indonesia, Italy, China, Finland and Hong Kong SAR lagged somewhat behind, together accounting for a further 9.1%.

In terms of the main suppliers, Indonesia, with a CAGR of +48.2%, 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 2022, the average platinum catalysts import price amounted to $X per kg, increasing by 194% against the previous year. Overall, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2019 an increase of 282%. As a result, import price reached the peak level of $X per kg. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+51.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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