In 2023, the import of platinum catalysts into the UK stood at 8.6007 million US dollars. From 2024 onwards, a downward trend is evident, with forecasts indicating a progressive decline year-on-year: 2025 shows a reduction of 2.01%, 2026 a decrease of 2%, 2027 a further decline of 2%, and by 2028, the value stands at 7.9317 million US dollars, marking a total decline of approximately 7.78% over five years. The compound annual growth rate (CAGR) accounts for an average yearly decrease of around 1.58% across this period.
Future trends to monitor include potential technological advancements in catalyst efficiency, shifts in UK industrial demand, and geopolitical factors affecting platinum supply and pricing. Additionally, environmental regulations could influence demand, impacting import volumes and values over the long term.
