Forecast: Export of Platinum from the US

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.

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