Report Update: May 1, 2024

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

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Platinum Price in Switzerland - 2023

Platinum Price in Switzerland (CIF) - 2023

The average platinum import price stood at $32.2M per ton in August 2023, approximately equating the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in April 2023 an increase of 15% against the previous month. The import price peaked at $34.6M per ton in May 2023; afterwards, it flattened through to August 2023.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Canada ($36.8M per ton) and Germany ($34.9M per ton), while the price for Colombia ($28.0M per ton) and the United States ($28.5M per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Platinum Price in Switzerland (FOB) - 2023

In August 2023, the average platinum export price amounted to $30.1M per ton, dropping by -4.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices attained the maximum at $36.0M per ton in January 2023; afterwards, it flattened through to August 2023.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Canada ($95.2M per ton), while the average price for exports to Austria ($27.6M per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Imports in Switzerland

In 2022, supplies from abroad of platinum decreased by -14.4% to 31 tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% 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 decreased by -34.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 90% against the previous year. As a result, imports attained the peak of 47 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, platinum imports contracted remarkably to $926M in 2022. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 126% against the previous year. As a result, imports attained the peak of $1.4B. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Platinum in Switzerland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	152	160	171	182	6.2%
United States	130	464	251	165	8.3%
Hong Kong SAR	3.9	3.6	250	142	231.4%
South Africa	163	318	174	133	-6.6%
Japan	50.7	84.8	69.1	106	27.9%
Germany	31.0	129	75.2	71.1	31.9%
United Kingdom	50.0	167	142	54.0	2.6%
Russia	10.1	42.0	45.4	15.9	16.3%
Others	33.6	44.7	52.9	56.3	18.8%
Total	625	1,413	1,230	926	14.0%

Top Suppliers of Platinum to Switzerland in 2022:

United States (6.3 tons)
Italy (5.7 tons)
Hong Kong SAR (4.5 tons)
South Africa (4.2 tons)
Japan (3.3 tons)
Germany (2.3 tons)
United Kingdom (2.1 tons)
Russia (0.5 tons)

Platinum Exports in Switzerland

In 2022, shipments abroad of platinum decreased by -18.1% to 25 tons, falling for the second consecutive year after two years of growth. In general, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 123% against the previous year. As a result, the exports reached the peak of 40 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, platinum exports declined notably to $811M in 2022. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 134% against the previous year. As a result, the exports attained the peak of $1.2B. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Platinum in Switzerland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	137	649	452	261	24.0%
Italy	114	107	146	171	14.5%
Germany	59.2	65.2	146	128	29.3%
Canada	22.9	30.7	51.7	39.0	19.4%
Austria	25.5	55.5	59.3	38.6	14.8%
United Arab Emirates	3.1	5.1	18.2	29.7	112.4%
Australia	5.5	13.0	14.1	28.5	73.0%
United Kingdom	11.1	81.6	46.5	27.1	34.7%
Japan	13.5	18.5	41.9	23.4	20.1%
China	48.0	61.4	45.4	20.6	-24.6%
Hong Kong SAR	28.3	28.8	52.9	14.6	-19.8%
Others	30.5	51.4	51.7	28.9	-1.8%
Total	499	1,167	1,125	811	17.6%

Top Export Markets for Platinum from Switzerland in 2022:

United States (8.2 tons)
Italy (5.3 tons)
Germany (3.9 tons)
Austria (1.3 tons)
Canada (1.2 tons)
Australia (0.9 tons)
United Arab Emirates (0.9 tons)
United Kingdom (0.9 tons)
Japan (0.7 tons)
China (0.6 tons)
Hong Kong SAR (0.5 tons)

Source: IndexBox Market Intelligence Platform

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

Switzerland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Switzerland
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023