Germany: Platinum Market 2024

Platinum Market Size in Germany

The German platinum market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, faced a dramatic shrinkage. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Platinum Production in Germany

In value terms, platinum production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Platinum production peaked in 2022 and is likely to see gradual growth in the near future.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Platinum Exports

Exports from Germany

After three years of decline, overseas shipments of platinum increased by X% to X tons in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, platinum exports contracted to $X in 2022. Over the period under review, exports, however, showed a slight decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for platinum exports from Germany, accounting for a X% share of total exports. Moreover, platinum exports to the United States exceeded the volume sent to the second major destination, Switzerland (X tons), twofold. The UK (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for platinum exports from Germany, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average platinum export price amounted to $X per kg, shrinking by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per kg, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per kg), while the average price for exports to Ireland ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Platinum Imports

Imports into Germany

In 2022, purchases abroad of platinum increased by X% to X tons, rising for the second year in a row after three years of decline. In general, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, platinum imports amounted to $X in 2022. Overall, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest platinum supplier to Germany, with a X% share of total imports. Moreover, platinum imports from South Africa exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The UK (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the UK (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of platinum to Germany, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average platinum import price amounted to $X per kg, shrinking by X% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per kg in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per kg), while the price for France ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :