In 2023, China's import of platinum unwrought or in powder form stood as a baseline for forecasted values from 2024 onward. The forecast predicts a growth trend in imports, starting from 46.89 thousand kilograms in 2024 and reaching 48.58 thousand kilograms by 2028. Year-over-year growth percentages indicate consistent increases: 0.94% in 2025, 0.89% in 2026, 0.88% in 2027, and 0.85% in 2028. The compound annual growth rate (CAGR) over these five years is a stable 0.89%, reflecting a steady demand in China's platinum market.
Future trends to watch:
- The impact of technological advancements on the demand for platinum in China.
- Fluctuations in global platinum prices influencing import volumes.
- Policy changes in environmental regulations affecting industrial usage of platinum.
- Any shifts in trade relations that may alter supply chain dynamics.