The import of unwrought or in powder form platinum to Japan is expected to decline over the forecast period from 2024 to 2028. Starting from 29.31 thousand kilograms in 2024, it decreases year-on-year to an expected 24.29 thousand kilograms by 2028. This reflects a consistent downward trend.
In terms of year-on-year percentage change, each subsequent year shows a reduction in import volumes, indicating a clear pattern of decreasing imports. The Compound Annual Growth Rate (CAGR) for these five years demonstrates an overall steady negative growth trend for the platinum market in this form.
Future trends to watch include potential shifts in Japan's industrial demand for platinum, especially in emerging technological applications, and any economic changes that could alter Japan’s import strategy or alter global platinum supply dynamics.
