The US palladium refinery production has shown a consistent upward trend from 2013 to 2023, reaching 764.2 million US dollars in 2023. The year-on-year variation over the last two years exhibited a modest increase, with a rise of 3.65% from 2022 to 2023. This is indicative of stable growth following a notable Year-on-year increase of 15.07% from 2020 to 2021. Over the last five years, the Compound Annual Growth Rate (CAGR) was 4.14%, suggesting a steady expansion in the industry.
Future trends to watch include the forecasted growth in palladium refinery production, which is expected to increase at a slower rate with a 5-year CAGR of 2.64%. This is projected to reach 906.98 million US dollars by 2028, reflecting a long-term growth rate of 13.9% over the forecast period.
