ASEAN: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in ASEAN

For the third year in a row, the ASEAN platinum catalysts market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, enjoyed strong growth. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Platinum Catalysts Production in ASEAN

In value terms, platinum catalysts production shrank remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Platinum Catalysts Exports

Exports in ASEAN

In 2023, overseas shipments of platinum catalysts increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Overall, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, platinum catalysts exports skyrocketed to $X in 2023. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Singapore (X kg), Indonesia (X kg) and Thailand (X kg) was the major exporter of platinum catalysts in ASEAN, comprising X% of total export. It was distantly followed by Malaysia (X kg), generating a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X) remains the largest platinum catalysts supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per kg, rising by X% against the previous year. Overall, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per kg), while Malaysia ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Platinum Catalysts Imports

Imports in ASEAN

In 2023, the amount of platinum catalysts imported in ASEAN contracted to X tons, declining by X% against the previous year's figure. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. 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 catalysts imports skyrocketed to $X in 2023. Over the period under review, imports, however, continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia represented the main importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Vietnam (X tons), constituting an X% share of total imports. Singapore (X kg) took a relatively small share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Indonesia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported platinum catalysts in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports.

In Singapore, platinum catalysts imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per kg, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per kg in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per kg), while Vietnam ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform