Canada - Platinum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlatinum Price in Canada - 2023
Contents:
- Platinum Price in Canada (CIF) - 2022
- Platinum Price in Canada (FOB) - 2023
- Platinum Imports in Canada
- Platinum Exports in Canada
Platinum Price in Canada (CIF) - 2022
The average platinum import price stood at $24,721,936 per ton in 2022, with a decrease of -25.8% against the previous year. Overall, the import price recorded a mild slump. The growth pace was the most rapid in 2015 when the average import price increased by 19%. As a result, import price reached the peak level of $38,824 per kg. From 2016 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 Norway ($52,145,880 per ton), while the price for Switzerland ($17,554,714 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Platinum Price in Canada (FOB) - 2023
In June 2023, the average platinum export price amounted to $34.1M per ton, dropping by -13.1% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when the average export price increased by 70% m-o-m. As a result, the export price attained the peak level of $55,737 per kg. From August 2022 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Costa Rica ($44.1M per ton), while the average price for exports to Guyana ($22.2M per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.
Platinum Imports in Canada
After three years of growth, overseas purchases of platinum decreased by -32.9% to 3 tons in 2022. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2021 with an increase of 80%. As a result, imports attained the peak of 4.5 tons, and then shrank significantly in the following year.
In value terms, platinum imports fell notably to $74M in 2022. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. As a result, imports attained the peak of $149M, and then shrank notably in the following year.
| Import of Platinum in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 26.1 | 37.1 | 67.3 | 21.2 | -6.7% |
| United States | 12.6 | 13.6 | 51.1 | 19.1 | 14.9% |
| South Africa | 7.0 | 11.7 | 11.0 | 13.0 | 22.9% |
| Germany | 2.5 | 1.2 | 3.0 | 8.5 | 50.4% |
| Italy | 1.3 | 4.9 | 6.6 | 4.6 | 52.4% |
| Norway | 0.3 | N/A | 2.3 | 3.3 | 122.4% |
| United Kingdom | 1.3 | 0.9 | 0.5 | 2.1 | 17.3% |
| Belgium | 3.9 | 0.9 | 3.0 | 0.5 | -49.6% |
| Others | 0.6 | 1.1 | 4.0 | 1.7 | 41.5% |
| Total | 55.5 | 71.5 | 149 | 74.1 | 10.1% |
Top Suppliers of Platinum to Canada in 2022:
- Switzerland (1205.0 kg)
- United States (887.0 kg)
- South Africa (381.0 kg)
- Germany (205.0 kg)
- Italy (122.0 kg)
- United Kingdom (68.0 kg)
- Norway (64.0 kg)
- Belgium (16.0 kg)
Platinum Exports in Canada
In 2022, approx. 1.2 tons of platinum were exported from Canada; with an increase of 32% against 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 57%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, platinum exports surged to $37M in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 87%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Platinum in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.6 | 16.2 | 30.2 | 31.1 | 18.7% |
| United Kingdom | N/A | N/A | N/A | 2.6 | 0% |
| Germany | N/A | N/A | N/A | 1.6 | 0% |
| Japan | N/A | N/A | N/A | 0.6 | 0% |
| France | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Others | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
| Total | 19.0 | 16.6 | 31.0 | 36.9 | 24.8% |
Top Export Markets for Platinum from Canada in 2022:
- United States (922.0 kg)
- France (160.0 kg)
- Germany (47.0 kg)
- Japan (35.0 kg)
- United Kingdom (26.0 kg)
This report provides an in-depth analysis of the platinum market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the platinum market in Canada.
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This report provides an in-depth analysis of the global platinum market.
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This report provides an in-depth analysis of the platinum market in Canada.
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This report provides an in-depth analysis of the global platinum market.
188
The growth pace of Platinum was exceptionally fast in March 2023, with a month-on-month increase of 194%. In terms of value, Platinum imports significantly declined to $3M in September 2023.
137
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
2865
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
1542
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
2008
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
188
The growth pace of Platinum was exceptionally fast in March 2023, with a month-on-month increase of 194%. In terms of value, Platinum imports significantly declined to $3M in September 2023.
137
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
2865
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
1542
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
2008
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
