In 2023, the importation of platinum in semi-manufactured forms to the US stood at a certain baseline level. From 2024 to 2028, the forecast predicts a steady increase in imports, with values growing from 11.15 to 12.34 thousand kilograms. This represents a year-on-year growth rate averaging around 2.4% between each consecutive year. The Compound Annual Growth Rate (CAGR) for 2024 to 2028 is approximately 2.1%, indicating a consistent upward trend over these years.
Future trends to watch for:
- Potential fluctuations in global platinum supply and demand dynamics, affecting import volumes.
- Economic factors influencing the US manufacturing sector, which utilizes semi-manufactured platinum.
- Technological advancements in alternative materials that might impact platinum demand.