Platinum Market in the United States
Market Overview
In 
, the U.S. platinum market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. Platinum consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
In value terms, platinum production totaled $ in . In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the production volume increased by %. Platinum production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
, the U.S. platinum market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. Platinum consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.In value terms, platinum production totaled $
in . In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the production volume increased by %. Platinum production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.Consumption
In , consumption of platinum increased by % to tons, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at tons in 2018; however, from 2019 to , consumption remained at a lower figure.
The size of the platinum market in the United States shrank modestly to $ in , flattening at 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. Platinum consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.
, consumption of platinum increased by % to tons, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at tons in 2018; however, from 2019 to , consumption remained at a lower figure.The size of the platinum market in the United States shrank modestly to $
in , flattening at 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. Platinum consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.Market Forecast
Driven by rising demand for platinum in the United States, 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 .Market Structure
Over the period under review, imports of platinum in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for platinum.
Trade Balance
The United States remains a net importer of platinum; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.
. In , there was a significant trade deficit of tons, which was equal to $.
Download XLSX
Download all the data in the form of a report