Norway - Platinum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlatinum Price in Norway - 2023
Contents:
- Platinum Price in Norway (FOB) - 2023
- Platinum Price in Norway (CIF) - 2022
- Platinum Exports in Norway
- Platinum Imports in Norway
Platinum Price in Norway (FOB) - 2023
In August 2023, the average platinum export price amounted to $36.3M per ton, increasing by 14% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 36% month-to-month. The export price peaked at $50.9M per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In August 2023, the country with the highest price was the Netherlands ($40.0M per ton), while the average price for exports to the UK amounted to $29.1M per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Platinum Price in Norway (CIF) - 2022
The average platinum import price stood at $26,553,286 per ton in 2022, waning by -16.3% against the previous year. Over the period under review, the import price, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2020 an increase of 78%. As a result, import price reached the peak level of $38,932 per kg. From 2021 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($53,765,823 per ton), while the price for the Netherlands ($11,509,331 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+66.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Platinum Exports in Norway
In 2022, after three years of growth, there was significant decline in shipments abroad of platinum, when their volume decreased by -17.6% to 3.8 tons. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports attained the peak of 4.6 tons, and then dropped significantly in the following year.
In value terms, platinum exports fell to $164M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 30%.
Export of Platinum in Norway (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 30.7 | 40.7 | 55.5 | 55.5 | 21.8% |
Netherlands | 16.2 | 18.2 | 23.9 | 33.5 | 27.4% |
Germany | 8.6 | 15.9 | 21.6 | 14.4 | 18.7% |
France | 7.8 | 7.3 | 6.4 | 13.2 | 19.2% |
Finland | 2.7 | 11.8 | 18.2 | 12.8 | 68.0% |
Belgium | 4.8 | 8.1 | 6.1 | 7.8 | 17.6% |
Canada | 0.3 | 1.7 | 2.3 | 5.6 | 165.3% |
United States | 28.0 | 11.4 | N/A | 2.2 | -57.2% |
South Korea | N/A | 10.3 | 21.6 | N/A | 109.7% |
Others | 6.2 | 11.5 | 20.8 | 19.3 | 46.0% |
Total | 105 | 137 | 176 | 164 | 16.0% |
Top Export Markets for Platinum from Norway in 2022:
- United Kingdom (1801.0 kg)
- Netherlands (556.0 kg)
- Canada (268.0 kg)
- Germany (232.0 kg)
- France (216.0 kg)
- Finland (186.0 kg)
- Belgium (134.0 kg)
- United States (78.0 kg)
Platinum Imports in Norway
Platinum imports into Norway skyrocketed to 2.6 tons in 2022, rising by 34% against the previous year. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, platinum imports rose markedly to $68M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 141% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
Import of Platinum in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2.6 | 14.2 | 16.3 | 13.2 | 71.9% |
Netherlands | N/A | N/A | N/A | 9.8 | 0% |
Finland | 1.3 | 4.5 | 10.8 | 9.5 | 94.1% |
France | 2.7 | 7.0 | 6.8 | 8.7 | 47.7% |
Belgium | 3.9 | 5.5 | 3.3 | 7.1 | 22.1% |
Italy | 2.1 | 4.5 | 2.3 | 4.4 | 28.0% |
Sweden | 2.2 | 5.5 | 2.3 | 4.4 | 26.0% |
Australia | N/A | N/A | 5.7 | 2.4 | -57.9% |
United States | 3.8 | 0.5 | 4.7 | 2.3 | -15.4% |
Denmark | N/A | N/A | N/A | 1.9 | 0% |
South Africa | N/A | N/A | 3.0 | 1.3 | -56.7% |
Switzerland | N/A | N/A | N/A | 0.9 | 0% |
United Kingdom | 1.7 | 7.2 | 1.0 | 0.4 | -38.3% |
Others | N/A | N/A | 4.1 | 1.7 | -58.5% |
Total | 20.3 | 48.9 | 60.3 | 67.8 | 49.5% |
Top Suppliers of Platinum to Norway in 2022:
- Netherlands (850.0 kg)
- Germany (418.0 kg)
- Finland (250.0 kg)
- Belgium (180.0 kg)
- France (162.0 kg)
- Denmark (145.0 kg)
- Italy (109.0 kg)
- Sweden (98.0 kg)
- United States (91.0 kg)
- Australia (75.0 kg)
- Switzerland (51.0 kg)
- South Africa (43.0 kg)
- United Kingdom (20.0 kg)
This report provides an in-depth analysis of the platinum market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24413010 -
- Prodcom 24413015 -
- Prodcom 24413020 -
- Prodcom 24413025 -
- Prodcom 24413040 -
- Prodcom 24413045 -
- Prodcom 24413055 -
- Prodcom 24413060 -
- Prodcom 24413065 -
- Prodcom 24413070 - Platinum catalysts in the form of wire cloth or grill
- Prodcom 24413030 - Platinum, palladium, rhodium, iridium, osmium and ruthenium, unwrought or in powder form
- Prodcom 24413050 - Platinum, palladium, rhodium, iridium, osmium and ruthenium, in semi-manufactured forms (excluding unwrought or in powder form)
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the platinum market in Norway.
This report provides an in-depth analysis of the global platinum market.
This report provides an in-depth analysis of the platinum market in Norway.
This report provides an in-depth analysis of the global platinum market.
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in