EU: Platinum Market 2024

Platinum Market Size in the EU

In 2022, the EU platinum market decreased by X% to $X, falling for the fourth year in a row after three years of growth. In general, consumption, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X.4B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Platinum Production in the EU

In value terms, platinum production dropped modestly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Platinum Exports

Exports in the EU

After six years of growth, shipments abroad of platinum decreased by X% to X tons in 2022. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, platinum exports declined to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Belgium was the main exporter of platinum in the European Union, with the volume of exports recording X tons, which was near X% of total exports in 2022. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by Italy (X%) and Poland (X%). The following exporters - France (X tons), Ireland (X tons) and Sweden (X tons) - each recorded a X% share of total exports.

Exports from Belgium decreased at an average annual rate of X% from 2012 to 2022. At the same time, Sweden (X%), Ireland (X%) and Italy (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Poland (X%) and France (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), Germany (X p.p.), Sweden (X p.p.) and Ireland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. France, Poland, Ireland and Sweden lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per kg, picking up by X% against the previous year. Export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per kg in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per kg), while Poland ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced mixed trends in the export price figures.

Platinum Imports

Imports in the EU

In 2022, purchases abroad of platinum increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, platinum imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of platinum imports in 2022 were Belgium (X tons), Italy (X tons), France (X tons) and Germany (X tons), together resulting at X% of total import. Ireland (X tons), Spain (X tons) and Poland (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Belgium, with a CAGR of X%, 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 import price in the European Union amounted to $X per kg, reducing by X% against the previous year. Overall, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked at $X per kg in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per kg), while France ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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