Japan - Platinum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlatinum Price in Japan - 2023
Contents:
- Platinum Price in Japan (CIF) - 2023
- Platinum Price in Japan (FOB) - 2023
- Platinum Imports in Japan
- Platinum Exports in Japan
Platinum Price in Japan (CIF) - 2023
In July 2023, the average platinum import price amounted to $32.1M per ton, waning by -2.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in November 2022 an increase of 9.8% against the previous month. Over the period under review, average import prices hit record highs at $34.5M per ton in January 2023; afterwards, it flattened through to July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Taiwan (Chinese) ($47.5M per ton), while the price for the United States ($30.2M per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Platinum Price in Japan (FOB) - 2023
In July 2023, the average platinum export price amounted to $25.2M per ton, which is down by -14.2% against the previous month. Overall, the export price recorded a mild downturn. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices attained the maximum at $30.4M per ton in December 2022; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($34.8M per ton), while the average price for exports to Malaysia ($15.1M per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Platinum Imports in Japan
Platinum imports into Japan soared to 52 tons in 2022, picking up by 30% compared with 2021. The total import volume increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, platinum imports expanded sharply to $1.6B in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Platinum in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 778 | 718 | 1,007 | 1,209 | 15.8% |
| United States | 57.4 | 30.8 | 33.2 | 77.8 | 10.7% |
| Taiwan (Chinese) | 88.2 | 95.9 | 101 | 69.2 | -7.8% |
| Belgium | 1.5 | 17.7 | 22.4 | 56.6 | 235.4% |
| South Korea | 11.1 | 19.5 | 51.7 | 56.3 | 71.8% |
| Germany | 51.4 | 60.7 | 59.2 | 44.5 | -4.7% |
| United Kingdom | 40.7 | 57.3 | 56.8 | 33.1 | -6.7% |
| Switzerland | 13.6 | 19.5 | 37.9 | 22.2 | 17.7% |
| Russia | 16.2 | 48.9 | 0.8 | 6.2 | -27.4% |
| Others | 3.3 | 29.5 | 52.2 | 27.5 | 102.7% |
| Total | 1,061 | 1,098 | 1,423 | 1,603 | 14.7% |
Top Suppliers of Platinum to Japan in 2022:
- South Africa (39.6 tons)
- Taiwan (Chinese) (2.9 tons)
- United States (2.5 tons)
- Belgium (1.8 tons)
- South Korea (1.4 tons)
- Germany (1.3 tons)
- United Kingdom (0.7 tons)
- Switzerland (0.7 tons)
- Russia (0.2 tons)
Platinum Exports in Japan
Platinum exports from Japan totaled 32 tons in 2022, picking up by 8.5% on the previous year's figure. In general, exports, however, recorded a perceptible setback.
In value terms, platinum exports amounted to $897M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Platinum in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 193 | 131 | 224 | 224 | 5.1% |
| Singapore | 65.8 | 63.0 | 104 | 154 | 32.8% |
| Switzerland | 77.7 | 60.0 | 140 | 135 | 20.2% |
| United States | 30.1 | 67.3 | 55.8 | 120 | 58.6% |
| Malaysia | 63.8 | 75.4 | 53.2 | 40.2 | -14.3% |
| China | 45.5 | 63.9 | 99.3 | 38.9 | -5.1% |
| Taiwan (Chinese) | 25.1 | 35.6 | 51.9 | 34.6 | 11.3% |
| Thailand | 34.3 | 27.3 | 23.6 | 24.7 | -10.4% |
| Others | 72.2 | 81.5 | 79.4 | 125 | 20.1% |
| Total | 608 | 605 | 831 | 897 | 13.8% |
Top Export Markets for Platinum from Japan in 2022:
- Hong Kong SAR (7.4 tons)
- Singapore (6.7 tons)
- Switzerland (4.2 tons)
- Malaysia (2.8 tons)
- United States (2.5 tons)
- China (2.5 tons)
- Taiwan (Chinese) (1.3 tons)
- Thailand (1.1 tons)
This report provides an in-depth analysis of the platinum market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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 Japan.
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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 Japan.
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This report provides an in-depth analysis of the global platinum market.
146
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.
2869
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...
1549
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...
2015
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
146
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.
2869
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...
1549
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...
2015
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
