The re-import of platinum catalysts to Canada has shown a significant declining trend over the past five years, with quantities decreasing from 8.86 kilograms in 2018 to 1.18 kilograms in 2022. The average annual decrease, as reflected in the compound annual growth rate (CAGR), highlights a substantial contraction in demand or shift in supply chain practices over this period. From 2021 to 2022 alone, the year-on-year variation marked a dramatic drop of over 60%.
Looking forward, the forecast suggests limited recovery potential. Key trends to monitor include technological advancements in catalyst efficiency, shifts in global sourcing strategies, regulatory changes, and broader economic conditions affecting industrial production and recycling activities.
