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

Northern America - Platinum - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Platinum Market 2022

Platinum Market Size in Northern America

In 2021, the North American platinum market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Platinum Production in Northern America

In value terms, platinum production rose slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2018 with an increase of 12%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Platinum Exports

Exports in Northern America

In 2021, approx. X tons of platinum were exported in Northern America; increasing by 5.6% against the previous year. Overall, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 88% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, platinum exports skyrocketed to $X in 2021. Over the period under review, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 88% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The United States prevails in exports structure, finishing at X tons, which was approx. 98% of total exports in 2021. Canada (X kg) held a little share of total exports.

The United States was also the fastest-growing in terms of the platinum exports, with a CAGR of +9.5% from 2012 to 2021. Canada (-6.6%) illustrated a downward trend over the same period. The United States (+6 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -6% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest platinum supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +7.7%.

Export Prices by Country

The export price in Northern America stood at $X per kg in 2021, rising by 18% against the previous year. Overall, the export price, however, showed a mild setback. The level of export peaked at $X per kg in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per kg), while Canada amounted to $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.6%).

Platinum Imports

Imports in Northern America

In 2021, the amount of platinum imported in Northern America expanded rapidly to X tons, surging by 9.5% compared with 2020 figures. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 52%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, platinum imports skyrocketed to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +108.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 60% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was near 94% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 6.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to platinum imports into the United States stood at +4.8%. At the same time, Canada (+11.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +11.5% from 2012-2021. While the share of Canada (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-2.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported platinum in Northern America, comprising 94% of total imports. The second position in the ranking was held by Canada ($X), with a 5.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +2.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per kg, jumping by 19% against the previous year. In general, the import price, however, saw a perceptible setback. The level of import peaked at $X per kg in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per kg), while Canada stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.3%).

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 Northern America?
+
The country with the largest volume of platinum consumption was Canada, comprising approx. 74% of total volume. Moreover, platinum consumption in Canada exceeded the figures recorded by the second-largest consumer, the United States, threefold.
What are the largest producers of platinum in Northern America?
+
Canada constituted the country with the largest volume of platinum production, comprising approx. 74% of total volume. Moreover, platinum production in Canada exceeded the figures recorded by the second-largest producer, the United States, threefold.
What are the leading exporters of platinum in Northern America?
+
In value terms, the United States remains the largest platinum supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada, with a 1.9% share of total exports.
What are the leading importers of platinum in Northern America?
+
In value terms, the United States constitutes the largest market for imported platinum in Northern America, comprising 94% of total imports. The second position in the ranking was taken by Canada, with a 5.6% share of total imports.
What is the average export price for platinum in Northern America?
+
The export price in Northern America stood at $36,552 per kg in 2021, increasing by 18% against the previous year.
What is the average import price for platinum in Northern America?
+
The import price in Northern America stood at $37,652 per kg in 2021, surging by 19% against the previous year.

This report provides an in-depth analysis of the platinum market in Northern America. 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:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

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

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• United States
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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