EU: Platinum Ore Market 2020

Platinum Ore Market Size in the EU

The revenue of the platinum ore market in the European Union amounted to $X in 2017, increasing by X% against the previous year. The platinum ore consumption continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2009, when it surged by X% against the previous year. Over the period under review, the platinum ore market attained its peak figure level in 2017, and is likely to continue its growth in the immediate term.

Platinum Ore Production in the EU

The platinum ore production amounted to X tons in 2017, falling by -X% against the previous year. The platinum ore production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. Over the period under review, the platinum ore production attained its peak figure volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Platinum Ore Exports in the EU

In 2017, platinum ore exports in the European Union totaled X tons, going down by -X% against the previous year. The platinum ore exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, platinum ore exports amounted to $X in 2017. The platinum ore exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Platinum Ore Exports by Country in the EU

Greece was the major exporter of platinum ores and concentrates in the European Union, with the volume of exports reaching X tons, which was near X% of total exports in 2017. It was distantly followed by Spain (X tons) and Finland (X tons), together creating X% share of total exports. The following exporters - Bulgaria (X tons) and Slovakia (X tons) each resulted at a X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to platinum ore exports from Greece stood at +X%. At the same time, Finland (+X%), Spain (+X%), Slovakia (+X%) and Bulgaria (+X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest growing exporter in the European Union, with a CAGR of +X% from 2007-2017. While the share of Finland (-X%), Spain (-X%) and Greece (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) remains the largest platinum ore supplier in the European Union, making up X% of global exports. The second position in the ranking was occupied by Spain ($X), with a X% share of global exports. It was followed by Finland, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Bulgaria stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+X% per year) and Finland (+X% per year).

Platinum Ore Export Prices by Country in the EU

In 2017, the platinum ore export price in the European Union amounted to $X per ton, rising by X% against the previous year. The platinum ore export price continues to indicate a skyrocketing growth. The pace of growth appeared the most rapid in 2016, when it surged by X% against the previous year. The level of export price peaked in 2017, and is expected to retain its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Bulgaria ($X per kg), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Slovakia (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Platinum Ore Imports in the EU

In 2017, the amount of platinum ores and concentrates imported in the European Union amounted to X tons, going up by X% against the previous year. The platinum ore imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. In that year, the platinum ore imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, platinum ore imports amounted to $X in 2017. The total imports indicated a noticeable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the platinum ore imports increased by +X% against 2014 indices. Over the period under review, the platinum ore imports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Platinum Ore Imports by Country in the EU

The UK was the major importing country with an import of around X tons, which resulted at X% of total imports. Belgium (X tons) held the second position in the ranking, distantly followed by Sweden (X tons). All these countries together took approx. X% share of total imports. Germany (X tons) followed a long way behind the leaders.

Imports into the UK decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Belgium (+X%), Germany (+X%) and Sweden (+X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest growing importer in the European Union, with a CAGR of +X% from 2007-2017. The UK (X%) significantly strengthened its position in terms of the global imports, while Germany and Belgium saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest platinum ore markets worldwide were Germany ($X), the UK ($X) and Belgium ($X), together accounting for X% of total imports.

In terms of the main importing countries , Belgium (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Platinum Ore Import Prices by Country in the EU

In 2017, the platinum ore import price in the European Union amounted to $X per kg, dropping by -X% against the previous year. The import price indicated a temperate growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the platinum ore import price decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2014, an increase of X% against the previous year. In that year, the import prices for platinum ores and concentrates attained their peak level of $X per kg. From 2015 to 2017, growth of the import prices for platinum ores and concentrates failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per kg), while the UK ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Sweden (-X% per year), while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform