Global Platinum Market
Market Overview
In 
, after nine years of decline, there was growth in the global platinum market, when its value increased by % to $. In general, consumption, however, continues to indicate a noticeable curtailment. Global consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.
In value terms, platinum production shrank slightly to $ in estimated in export price. In general, production, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Global production peaked at $ in 2011; however, from 2012 to , production failed to regain momentum.
The country with the largest volume of platinum production was South Africa ( tons), accounting for % of total volume. Moreover, platinum production in South Africa exceeded the figures recorded by the second-largest producer, Russia ( tons), sixfold. The third position in this ranking was held by Zimbabwe ( tons), with a % share.
From 2007 to, the average annual rate of growth in terms of volume in South Africa stood at -%. The remaining producing countries recorded the following average annual rates of production growth: Russia (-% per year) and Zimbabwe (+% per year).
, after nine years of decline, there was growth in the global platinum market, when its value increased by % to $. In general, consumption, however, continues to indicate a noticeable curtailment. Global consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.In value terms, platinum production shrank slightly to $
in estimated in export price. In general, production, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Global production peaked at $ in 2011; however, from 2012 to , production failed to regain momentum.The country with the largest volume of platinum production was South Africa (
tons), accounting for % of total volume. Moreover, platinum production in South Africa exceeded the figures recorded by the second-largest producer, Russia ( tons), sixfold. The third position in this ranking was held by Zimbabwe ( tons), with a % share.From 2007 to
, the average annual rate of growth in terms of volume in South Africa stood at -%. The remaining producing countries recorded the following average annual rates of production growth: Russia (-% per year) and Zimbabwe (+% per year).Consumption
In , consumption of platinum increased by % to tons, rising for the second consecutive year after seven years of decline. Over the period under review, consumption, however, showed a slight decline. Global consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The global platinum market revenue totaled $ in , approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a perceptible setback. Global consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
, consumption of platinum increased by % to tons, rising for the second consecutive year after seven years of decline. Over the period under review, consumption, however, showed a slight decline. Global consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The global platinum market revenue totaled $
in , approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a perceptible setback. Global consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Consumption by Country
South Africa ( tons) constituted the country with the largest volume of platinum consumption, accounting for % of total volume. Moreover, platinum consumption in South Africa exceeded the figures recorded by the second-largest consumer, Russia ( tons), sixfold. The third position in this ranking was held by Zimbabwe ( tons), with a % share.
In South Africa, platinum consumption plunged by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: Russia (-% per year) and Zimbabwe (+% per year).
In value terms, South Africa ($) led the market, alone. The second position in the ranking was taken by Russia ($). It was followed by Zimbabwe.
In South Africa, the platinum market contracted by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: Russia (-% per year) and Zimbabwe (+% per year).
From 2007 to, the average annual growth rate of the platinum per capita consumption in No country was relatively modest.
tons) constituted the country with the largest volume of platinum consumption, accounting for % of total volume. Moreover, platinum consumption in South Africa exceeded the figures recorded by the second-largest consumer, Russia ( tons), sixfold. The third position in this ranking was held by Zimbabwe ( tons), with a % share.In South Africa, platinum consumption plunged by an average annual rate of -
% over the period from 2007-. In the other countries, the average annual rates were as follows: Russia (-% per year) and Zimbabwe (+% per year).In value terms, South Africa ($
) led the market, alone. The second position in the ranking was taken by Russia ($). It was followed by Zimbabwe.In South Africa, the platinum market contracted by an average annual rate of -
% over the period from 2007-. In the other countries, the average annual rates were as follows: Russia (-% per year) and Zimbabwe (+% per year).From 2007 to
, the average annual growth rate of the platinum per capita consumption in No country was relatively modest.Market Forecast
Driven by rising demand for platinum worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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