Report Update Feb 1, 2025

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

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Uzbekistan: Platinum Market 2025

Platinum Market Size in Uzbekistan

The Uzbek platinum market was finally on the rise to reach $X in 2021, after four years of decline. Overall, consumption, however, continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Platinum Production in Uzbekistan

In value terms, platinum production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 7.3% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Platinum Exports

Exports from Uzbekistan

In 2021, approx. X kg of platinum were exported from Uzbekistan; picking up by 70% on 2020. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 725% against the previous year. As a result, the exports reached the peak of X kg. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, platinum exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 810%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X kg) was the main destination for platinum exports from Uzbekistan, with a 85% share of total exports. Moreover, platinum exports to Russia exceeded the volume sent to the second major destination, the UK (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +25.6%.

In value terms, Russia ($X) remains the key foreign market for platinum exports from Uzbekistan, comprising 98% of total exports. The second position in the ranking was held by the UK ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +24.9%.

Export Prices by Country

In 2021, the average platinum export price amounted to $X per kg, declining by -23.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 50% against the previous year. The export price peaked at $X per kg in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per kg), while the average price for exports to the UK totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.1%).

Platinum Imports

Imports into Uzbekistan

In 2021, imports of platinum into Uzbekistan surged to X kg, picking up by 39% against the previous year's figure. Over the period under review, imports, however, recorded a perceptible contraction. Imports peaked at X kg in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, platinum imports soared to $X in 2021. Overall, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X kg) constituted the largest platinum supplier to Uzbekistan, accounting for a 74% share of total imports. Moreover, platinum imports from Russia exceeded the figures recorded by the second-largest supplier, the UK (X kg), threefold.

From 2017 to 2021, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-11.5% per year) and Germany (-10.0% per year).

In value terms, Russia ($X) constituted the largest supplier of platinum to Uzbekistan, comprising 74% of total imports. The second position in the ranking was held by the UK ($X), with a 25% share of total imports.

From 2017 to 2021, the average annual growth rate of value from Russia amounted to +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-0.2% per year) and Germany (-15.2% per year).

Import Prices by Country

The average platinum import price stood at $X per kg in 2021, increasing by 26% against the previous year. Overall, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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 2017 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for platinum in the world?

South Africa constituted the country with the largest volume of platinum consumption, comprising approx. 59% of total volume. Moreover, platinum consumption in South Africa exceeded the figures recorded by the second-largest consumer, Russia, sixfold. Zimbabwe ranked third in terms of total consumption 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 Uzbekistan?

In value terms, Russia constituted the largest supplier of platinum to Uzbekistan, comprising 74% of total imports. The second position in the ranking was occupied by the UK, with a 25% share of total imports.

What are the leading importers of platinum from Uzbekistan?

In value terms, Russia remains the key foreign market for platinum exports from Uzbekistan.

What is the average export price for platinum in Uzbekistan?

In 2021, the average platinum export price amounted to $36,095 per kg, with an increase of 8.4% against the previous year.

What is the average import price for platinum in Uzbekistan?

In 2021, the average platinum import price amounted to $53,991 per kg, growing by 19% against the previous year.

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

Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uzbekistan
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024