South Africa remains the largest exporter of platinum with a 22.84% share, though it saw a decline of 0.46% year-on-year. The United Kingdom (21.13%) and Russia (12.97%) are significant contributors, both experiencing growth of 3.15% and 3.6% respectively. The United States and Germany showed slight fluctuations, whereas Italy, Switzerland, and Japan noted growth in their export values. Emerging players like Canada and Finland demonstrated substantial increases in their shares, while countries such as Belgium, UAE, and Malaysia saw declines. Notably, exports from Ukraine and Israel surged significantly, with increases of 29.62% and 38.32% respectively.
Future trends to watch include the rising influence of Eastern European countries and the Middle East, alongside potential market contractions in traditional strongholds. Volatility in geopolitical landscapes and global economic policies will likely impact platinum export dynamics. Moreover, shifts toward sustainable mining practices and technological advancements could recalibrate market shares.
Top countries in Export of Platinum Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 22.84 | 2023 | +0.63% | -0.46% | View data |
| 2 | 2 United Kingdom | 21.13 | 2023 | +3.35% | +3.15% | View data |
| 3 | 3 Russia | 12.97 | 2023 | +4.08% | +3.6% | View data |
| 4 | 4 United States | 11.15 | 2023 | +2.81% | +0.67% | View data |
| 5 | 5 Germany | 9.31 | 2023 | +2.35% | -0.084% | View data |
| 6 | 6 Italy | 6.55 | 2023 | +4.24% | +4.21% | View data |
| 7 | 7 Switzerland | 4.14 | 2023 | -4.16% | +4.54% | View data |
| 8 | 8 Japan | 3.3 | 2023 | +1.2% | +3.56% | View data |
| 9 | 9 Belgium | 3.13 | 2023 | +1.82% | -2.34% | View data |
| 10 | 10 Canada | 1.25 | 2023 | +4.2% | +7.68% | View data |
