Switzerland: Platinum Market 2024

Platinum Market Size in Switzerland

In 2022, the Swiss platinum market increased by less than X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a noticeable decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Platinum Production in Switzerland

In value terms, platinum production fell modestly to $X in 2022 estimated in export price. In general, production recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Platinum production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Platinum Exports

Exports from Switzerland

In 2022, approx. X tons of platinum were exported from Switzerland; declining by X% against 2021 figures. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, platinum exports dropped sharply to $X in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Italy (X tons) and Germany (X tons) were the main destinations of platinum exports from Switzerland, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and Germany ($X) appeared to be the largest markets for platinum exported from Switzerland worldwide, together comprising X% of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average platinum export price amounted to $X per kg, declining by X% against the previous year. In general, the export price continues to indicate a perceptible descent. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per kg in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per kg) and Japan ($X per kg), while the average price for exports to Austria ($X per kg) and Australia ($X per kg) were amongst the lowest.

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

Platinum Imports

Imports into Switzerland

In 2022, overseas purchases of platinum decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports recorded a slight setback. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, platinum imports reduced markedly to $X in 2022. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Italy (X tons) and Hong Kong SAR (X tons) were the main suppliers of platinum imports to Switzerland, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest platinum suppliers to Switzerland were the United States ($X), Italy ($X) and Hong Kong SAR ($X), with a combined X% share of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average platinum import price amounted to $X per kg, declining by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 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 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per kg) and Japan ($X per kg), while the price for the UK ($X per kg) and the United States ($X per kg) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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