Europe: Platinum Market 2024

Platinum Market Size in Europe

The Europe platinum market fell rapidly to $X.3B in 2022, which is down by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X.5B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Platinum Production in Europe

In value terms, platinum production contracted to $X.7B in 2022 estimated in export price. Overall, production, however, showed a perceptible descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X.9B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Platinum Exports

Exports in Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of platinum, when their volume decreased by X% to X tons. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, platinum exports shrank rapidly to $X in 2022. In general, exports showed a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank sharply in the following year.

Exports by Country

In 2022, the UK (X tons) and Belgium (X tons) represented the main exporters of platinum in Europe, together mixing up X% of total exports. Germany (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%), Russia (X%) and Switzerland (X%). Poland (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Italy (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest platinum supplying countries in Europe were the UK ($X), Germany ($X) and Italy ($X), together comprising X% of total exports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per kg in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per kg in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per kg), while Poland ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced mixed trends in the export price figures.

Platinum Imports

Imports in Europe

In 2022, overseas purchases of platinum increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, platinum imports dropped to $X in 2022. Overall, imports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of platinum imports in 2022 were the UK (X tons), Belgium (X tons), Italy (X tons), France (X tons), Germany (X tons) and Switzerland (X tons), together resulting at X% of total import. North Macedonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Switzerland ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Italy, Belgium, North Macedonia and France lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Belgium, with a CAGR of X%, saw the highest growth rate of 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 import price in Europe amounted to $X per kg, declining by X% against the previous year. Overall, the import price, however, saw a noticeable increase. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per kg in 2021, and then declined notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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