In 2023, the United Kingdom led global imports of platinum in semi-manufactured forms with a 28.16% share, followed closely by China at 27.19%. The United States, making up 10.6% of the share, saw significant positive year-on-year growth of 2.54%. Switzerland and Italy held smaller shares at 4.19% and 4.16%, respectively, with Switzerland experiencing a 3.11% increase, while Italy had a slight decline by 0.26%. Germany, Japan, and Singapore saw year-on-year declines of 7.27%, 6.39%, and 8.66%, respectively. Malaysia and India reported modest growth, while countries such as Austria and France faced reductions. Noteworthy changes included major increases in Luxembourg and Estonia, contrasted by declines in Australia and South Africa.
Future trends to watch for include:
- The continued dominance of the United Kingdom and China in the platinum import market.
- Potential shifts in the United States' position given recent growth trends.
- Significant fluctuations in minor markets like Maldives and Qatar, which have shown profound year-on-year variations.
- Economic and geopolitical factors influencing major importers, particularly in Europe and Asia.
- The impact of industrial applications and technological advancements on platinum demand globally.
Top countries in Import of Platinum in Semi-Manufactured Forms Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 28.16 | 2023 | +1.71% | +1.42% | View data |
| 2 | 2 China | 27.19 | 2023 | +1.56% | -1.31% | View data |
| 3 | 3 United States | 10.6 | 2023 | +2.96% | +2.54% | View data |
| 4 | 4 Switzerland | 4.19 | 2023 | +1.16% | +3.11% | View data |
| 5 | 5 Italy | 4.16 | 2023 | +3.57% | -0.26% | View data |
| 6 | 6 Germany | 3.09 | 2023 | -6.94% | -7.27% | View data |
| 7 | 7 Slovakia | 2.63 | 2023 | +3.39% | +3.32% | View data |
| 8 | 8 Japan | 2.6 | 2023 | -7.13% | -6.39% | View data |
| 9 | 9 Singapore | 1.8 | 2023 | -9.97% | -8.66% | View data |
| 10 | 10 Malaysia | 1.7 | 2023 | +0.86% | +1.71% | View data |
