World - Platinum - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 1, 2024

World - Platinum - Market Analysis, Forecast, Size, Trends And Insights

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Platinum Market

Platinum market: download the latest data featured by an Ai-driven BI tool. Information include trade, companies, imports, market prices, consumption, production, market size, and exports. Here is a breakdown by country, including the U.K., the U.S., Africa, the Middle East, China, Russia, Latin America, and EU. Market insights and outlook to 2030 are also featured in the dashboards.


Get FREE access to the latest REPORT on the Platinum Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Platinum - World's Largest Markets

RatingCountry
1South Africa
2Russia
3Zimbabwe
4Canada
5Japan

In value terms, South Africa led the market, alone. The second position in the ranking was occupied by Russia. It was followed by Zimbabwe.

In South Africa, the platinum market shrank by an average annual rate of -5.9% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: Russia (+2.4% per year) and Zimbabwe (+16.2% per year).

Platinum Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per kg
Australia1771018437375-85.4%
Bulgaria49865129892-57.7%
China826345442498-45.0%
Germany787294305623-15.5%
Japan198932145219831-0.2%
Belgium305112730227668-4.8%
Hong Kong SAR289692789127998-1.7%
South Africa2768325674283721.2%
Italy2729326735286032.4%
Russia290822685628806-0.5%
United Kingdom2738624431288952.7%
Switzerland2871128230292150.9%
United States2712824656308206.6%
Average216512034715599-15.1%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($30,820 per kg), while Australia ($375 per kg) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per kg
United States2934530106318424.2%
North Macedonia25397276063119110.8%
Switzerland2741524945301084.8%
Japan2755226845284951.7%
Hong Kong SAR280012410527756-0.4%
China276112565625511-3.9%
Italy282652307025077-5.8%
United Kingdom258912645224855-2.0%
Singapore157461399412491-10.9%
Germany67267785813510.0%
Bulgaria5884729626450-91.3%
Lithuania1168294244-54.3%
Indonesia207116134-19.6%
Average1778117249197365.4%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($31,842 per kg), while Indonesia ($134 per kg) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by North Macedonia, while the other global leaders experienced more modest paces of growth.

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Platinum - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United Kingdom22.62.49.3%
China2.21.92.44.6%
United States1.71.228.0%
Switzerland0.60.61.455.5%
Hong Kong SAR1.51.61.3-4.6%

In value terms, the largest platinum importing markets worldwide were the UK ($2.4B), China ($2.4B) and the United States ($2B), together comprising 46% of global imports. Switzerland, Hong Kong SAR, Japan, Germany, Italy, North Macedonia, Singapore, Bulgaria, Indonesia and Lithuania lagged somewhat behind, together accounting for a further 41%.

In terms of the main importing countries, Switzerland (+55.5% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Platinum - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
South Africa4.13.43-14.4%
United Kingdom2.71.82.94.1%
Germany1.11.11.49.0%
United States0.70.61.337.1%
Hong Kong SAR10.71.29.8%

In value terms, the largest platinum supplying countries worldwide were South Africa ($3B), the UK ($2.9B) and Germany ($1.4B), with a combined 48% share of global exports. The United States, Hong Kong SAR, Switzerland, Russia, Italy, Belgium, Japan, China, Australia and Bulgaria lagged somewhat behind, together accounting for a further 43%.

Bulgaria (+50.4% per year) saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Platinum - Market Forecast

Depressed by shrinking demand for platinum worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Platinum - Top Companies

Dalian Sunny Titanium Industry Co., Ltd., Jiangxi Copper Company Limited, JOHNSON MATTHEY PLC, MITSUBISHI MATERIALS CORPORATION, Zijin Mining Group Co., Ltd., Aurubis AG, Tongling Nonferrous Metals Group Co., Ltd., Hangzhou Zhengcai Holding Group Co., Ltd., GMK NORILSKI NIKEL, PAO, COPPER REFINERIES PTY. LTD., Yunnan Copper Co., Ltd., SUMITOMO METAL MINING CO., LTD., Baiyin Nonferrous Group Co., Ltd., LS-Nikko Copper Inc., GOLD CORPORATION, DONGKUK STEEL MILL Co., Ltd., Umicore AG & Co. KG, Yunnan Tin Co., Ltd., Western Mining Group Co., Ltd., Yunnan Metallurgical Group Co., Ltd.

Platinum - Product Coverage

  • HS 711011 - Metals; platinum, unwrought or in powder form
  • HS 711019 - Metals; platinum, semi-manufactured
  • HS 711510 - Metal; catalysts in the form of wire cloth or grill, of platinum

Source: IndexBox Market Intelligence Platform

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Anglo American Platinum, Impala Platinum, Sibanye-Stillwater, Northam Platinum, Norilsk Nickel, Lonmin plc, Aquarius Platinum Ltd., Northam, Stillwater Mining Company, Vale, Xstrata, Asahi Holdings, Inc

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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