The United States leads in the global import share of palladium, closely followed by Germany and Japan. Over the past year, notable growth was seen from Macedonia and Poland, with significant year-on-year increases of 15.2% and 12.28% respectively. Switzerland and Japan also demonstrated robust growth, each over 7%. Conversely, declines were observed in Iceland and Sweden, with marked decreases of 10.86% and 6.16%, respectively.
Looking ahead, the market is anticipated to expand, driven by growing industrial applications and renewed demand from the automotive sector, influenced by sustainable energy transition and stricter emissions regulations worldwide. Monitoring geopolitical factors and technological advancements will be essential for future market dynamics.
Top countries in Import of Palladium Unwrought or in Powder Form Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 22.12 | 2023 | +3.5% | +2.22% | View data |
| 2 | 2 Germany | 20.76 | 2023 | +4.84% | +3.4% | View data |
| 3 | 3 Japan | 20.75 | 2023 | +4.31% | +7.17% | View data |
| 4 | 4 United Kingdom | 8.46 | 2023 | +3.94% | +2.2% | View data |
| 5 | 5 Italy | 6.45 | 2023 | +4.86% | +4.2% | View data |
| 6 | 6 Switzerland | 6.06 | 2023 | +2.5% | +7.25% | View data |
| 7 | 7 Macedonia | 5.54 | 2023 | +6.23% | +15.2% | View data |
| 8 | 8 China | 4.38 | 2023 | +3.21% | +2.08% | View data |
| 9 | 9 South Korea | 3.93 | 2023 | +2.69% | +2.24% | View data |
| 10 | 10 Brazil | 2.24 | 2023 | +4.27% | +2.32% | View data |
