Report Eastern Asia - Platinum - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 16, 2022

Eastern Asia - Platinum - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Platinum Market 2022

Platinum Market Size in Eastern Asia

In 2021, the East Asian platinum market was finally on the rise to reach $X for the first time since 2013, thus ending a seven-year declining trend. Overall, consumption, however, continues to indicate a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Platinum Production in Eastern Asia

In value terms, platinum production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The pace of growth was the most pronounced in 2013 when the production volume increased by 6.8%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Platinum Exports

Exports in Eastern Asia

Platinum exports rose slightly to X tons in 2021, increasing by 4.9% compared with 2020. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +34.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, platinum exports skyrocketed to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Hong Kong SAR represented the largest exporter of platinum in Eastern Asia, with the volume of exports resulting at X tons, which was near 54% of total exports in 2021. Japan (X tons) took a 31% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (7.5%) and Taiwan (Chinese) (7.2%).

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +15.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the largest platinum supplier in Eastern Asia, comprising 60% of total exports. The second position in the ranking was taken by Japan ($X), with a 27% share of total exports. It was followed by South Korea, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value in Hong Kong SAR stood at +10.9%. In the other countries, the average annual rates were as follows: Japan (-1.6% per year) and South Korea (+8.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per kg in 2021, with an increase of 25% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The level of export peaked at $X per kg in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Hong Kong SAR ($X per kg) and Japan ($X per kg), while Taiwan (Chinese) ($X per kg) and South Korea ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.6%), while the other leaders experienced a decline in the export price figures.

Platinum Imports

Imports in Eastern Asia

In 2021, approx. X tons of platinum were imported in Eastern Asia; increasing by 21% on 2020. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, platinum imports skyrocketed to $X in 2021. In general, imports, however, showed a mild descent. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China represented the key importing country with an import of around X tons, which reached 52% of total imports. It was distantly followed by Hong Kong SAR (X tons) and Japan (X tons), together constituting a 44% share of total imports. South Korea (X tons) and Taiwan (Chinese) (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to platinum imports into China stood at +2.9%. At the same time, Hong Kong SAR (+4.0%) and South Korea (+2.6%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +4.0% from 2012-2021. By contrast, Japan (-4.2%) and Taiwan (Chinese) (-7.2%) illustrated a downward trend over the same period. While the share of China (+7.6 p.p.) and Hong Kong SAR (+5.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Taiwan (Chinese) (-2.2 p.p.) and Japan (-11.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported platinum in Eastern Asia, comprising 52% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 25% share of total imports. It was followed by Japan, with an 18% share.

In China, platinum imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+0.2% per year) and Japan (-6.5% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per kg in 2021, surging by 28% against the previous year. In general, the import price, however, recorded a perceptible decrease. Over the period under review, import prices hit record highs at $X per kg in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in South Korea ($X per kg) and Japan ($X per kg), while Taiwan (Chinese) ($X per kg) and Hong Kong SAR ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for platinum in Eastern Asia?
+
The countries with the highest volumes of consumption in 2021 were Japan, China and South Korea, with a combined 86% share of total consumption.
What are the largest producers of platinum in Eastern Asia?
+
The countries with the highest volumes of production in 2021 were Japan, China and South Korea, together comprising 86% of total production.
What are the leading exporters of platinum in Eastern Asia?
+
In value terms, Hong Kong SAR remains the largest platinum supplier in Eastern Asia, comprising 60% of total exports. The second position in the ranking was taken by Japan, with a 27% share of total exports. It was followed by South Korea, with a 6.5% share.
What are the leading importers of platinum in Eastern Asia?
+
In value terms, China constitutes the largest market for imported platinum in Eastern Asia, comprising 52% of total imports. The second position in the ranking was held by Hong Kong SAR, with a 25% share of total imports. It was followed by Japan, with an 18% share.
What is the average export price for platinum in Eastern Asia?
+
In 2021, the export price in Eastern Asia amounted to $32,375 per kg, picking up by 25% against the previous year.
What is the average import price for platinum in Eastern Asia?
+
The import price in Eastern Asia stood at $34,972 per kg in 2021, jumping by 28% against the previous year.

This report provides an in-depth analysis of the platinum market in Eastern Asia. 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:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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:
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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