Northern America: Platinum Market 2024

Platinum Market Size in Northern America

The North American platinum market was estimated at $X in 2023, rising by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Platinum Production in Northern America

In value terms, platinum production rose markedly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Platinum Exports

Exports in Northern America

In 2023, overseas shipments of platinum decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, platinum exports dropped markedly to $X in 2023. In general, exports, however, showed slight growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. Canada (X kg) held a minor share of total exports.

The United States was also the fastest-growing in terms of the platinum exports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United States increased by X percentage points.

In value terms, the United States ($X) remains the largest platinum supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the United States totaled X%.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per kg, rising by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per kg in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per kg), while Canada totaled $X per kg.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Platinum Imports

Imports in Northern America

In 2023, the amount of platinum imported in Northern America totaled X tons, surging by X% against 2022. Total imports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, platinum imports declined modestly to $X in 2023. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Canada (X tons), mixing up a X% share of total imports.

The United States was also the fastest-growing in terms of the platinum imports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported platinum in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, platinum imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per kg, with a decrease of X% against the previous year. In general, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per kg in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per kg), while Canada amounted to $X per kg.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform