Forecast: Import of Platinum in Semi-Manufactured Forms to Japan

The forecast for Japan's import of platinum in semi-manufactured forms anticipates a declining trend from 2024 to 2028. In 2023, imports stood at 85 million US dollars. The projected figures suggest a steady downward trajectory: 78.041 million in 2024, 71.104 million in 2025, 64.306 million in 2026, 57.643 million in 2027, and 51.114 million US dollars in 2028. Year-on-year decreases highlight waning demand or possibly an increase in local production capacities.

Future trends to watch for include:

  • Technological advancements in alternative materials that might reduce platinum demand.
  • Economic policies impacting trade costs and import tariffs.
  • Potential global supply disruptions affecting platinum availability.

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