The forecast for Germany's import of unwrought or semi-manufactured platinum shows a consistent year-on-year decline from 2024 to 2028, with a compound annual growth rate (CAGR) indicating an average decrease over the five-year period. In 2023, imports were significantly higher compared to future projections, signaling a downward trend attributed possibly to economic adjustments or shifts in industrial demand.
Key future trends to watch for include:
- Fluctuations in global platinum prices that could affect German import volumes.
- Technological advancements in catalytic converters, which may reduce platinum dependency.
- Shift towards green technologies that might reduce or reshape the demand for platinum.
- Potential geopolitical events impacting supply chain and trade agreements.