In 2023, Germany, the United States, and China were the top three importers of platinum unwrought or in powder form by value, holding significant shares of 17.73%, 15.26%, and 14.57%, respectively. Germany showed a growth of 2.24% while the United States and China saw declines of -2.63% and -2.02% respectively. Noteworthy increases include Singapore at 18.49%, Ireland at 3.9%, and Poland at 3.36%. Conversely, substantial declines were observed in Switzerland (-25.11%), India (-12.27%), and South Korea (-19.57%). The Philippines experienced a remarkable 60.89% increase, while Egypt and Bulgaria faced sharp decreases of -33.35% and -31.17%, respectively.
Looking forward, it is essential to monitor shifts in economic policies, technological advancements, and their impacts on platinum demand, particularly in key importing countries. Emerging markets showing sharp increases like Singapore and the Philippines could play a more significant role, while traditional markets might experience fluctuations based on industrial needs and economic conditions.
Top countries in Import of Platinum Unwrought or in Powder Form Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.73 | 2023 | +0.22% | +2.24% | View data |
| 2 | 2 United States | 15.26 | 2023 | -2.01% | -2.63% | View data |
| 3 | 3 China | 14.57 | 2023 | -2.76% | -2.02% | View data |
| 4 | 4 United Kingdom | 14.33 | 2023 | +1.08% | +0.46% | View data |
| 5 | 5 Macedonia | 10.01 | 2023 | +3.46% | +2.53% | View data |
| 6 | 6 Japan | 8.8 | 2023 | -9.41% | -10.29% | View data |
| 7 | 7 Italy | 7.54 | 2023 | +1.87% | +4.95% | View data |
| 8 | 8 Belgium | 1.67 | 2023 | +5.05% | -0.72% | View data |
| 9 | 9 Switzerland | 1.38 | 2023 | -41.54% | -25.11% | View data |
| 10 | 10 Ireland | 1.1 | 2023 | +0.8% | +3.9% | View data |
