The forecasted sold production of platinum group metals (PGMs) in Germany shows a significant downward trend from 2024 to 2028. Starting at 65.317 million euros in 2024, there is a steady decline with projected values decreasing to 49.568 million euros in 2025, 34.135 million euros in 2026, 19.01 million euros in 2027, and hitting a low of 4.1873 million euros in 2028. This reflects a major reduction in production capabilities or market demands.
Year-on-year changes show a sharp decrease in production value, highlighting a potential shift in market conditions for these metals. The Compound Annual Growth Rate (CAGR) over this period is negative, indicating a consistent reduction over time.
Future trends to watch for:
- Changing global demand for PGMs, possibly influencing this downward trajectory.
- Potential technological advancements impacting PGM applications and market need.
- Environmental and regulatory developments that may affect production processes or usage.
- Economic factors such as currency fluctuations and trade agreements impacting the sector.
