The export of platinum from the US is forecasted to grow steadily from 2024 to 2028. In 2023, the actual export value stood at 3.7571 billion US dollars. Observing year-on-year trends, the export value is expected to increase by approximately 2.8% from 2024 to 2025, 2.7% from 2025 to 2026, 2.5% from 2026 to 2027, and 2.4% from 2027 to 2028.
Over the last two years, the average year-on-year variation stood at an approximate rate of 2.75%. The compound annual growth rate (CAGR) over the forecasted five-year period (2024-2028) is around 2.6%, indicating a consistent upward trend.
Future trends to watch for:
- Global economic conditions impacting the demand and price of platinum.
- Technological advancements and their influence on platinum usage in various industries.
- Trade policies and regulations that could affect the platinum market.
- Environmental regulations and the push for clean energy, affecting platinum's role in catalytic converters and fuel cells.