Slovakia: Platinum Market 2024

Platinum Market Size in Slovakia

The Slovak platinum market fell to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption showed a pronounced reduction. Platinum consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Platinum Production in Slovakia

In value terms, platinum production fell to $X in 2022 estimated in export price. In general, production recorded a noticeable slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Platinum Exports

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in overseas shipments of platinum, when their volume decreased by X% to X kg. Overall, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced sharply in the following year.

In value terms, platinum exports dropped significantly to $X in 2022. In general, exports recorded a sharp decrease. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X kg) was the main destination for platinum exports from Slovakia, with a X% share of total exports. Moreover, platinum exports to Hungary exceeded the volume sent to the second major destination, Austria (X kg), sixfold. Italy (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Italy (X% per year).

In value terms, Hungary ($X) emerged as the key foreign market for platinum exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average platinum export price amounted to $X per kg, picking up by X% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per kg in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per kg), while the average price for exports to Poland ($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 Austria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Platinum Imports

Imports into Slovakia

In 2022, purchases abroad of platinum decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, platinum imports shrank sharply to $X in 2022. Over the period under review, imports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X kg) constituted the largest supplier of platinum to Slovakia, accounting for a X% share of total imports. Moreover, platinum imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at X%.

In value terms, Poland ($X) and the Czech Republic ($X) constituted the largest platinum suppliers to Slovakia.

Among the main suppliers, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average platinum import price amounted to $X per kg, reducing by X% against the previous year. Over the period under review, the import price, however, enjoyed a modest increase. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per kg in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per kg), while the price for the Czech Republic amounted to $X per kg.

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

Source: IndexBox Platform

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