Asia-Pacific: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Asia-Pacific

The Asia-Pacific platinum catalysts market contracted to $X in 2023, reducing by X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2023: its value 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. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Platinum Catalysts Production in Asia-Pacific

In value terms, platinum catalysts production declined to $X in 2023 estimated in export price. Overall, production, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Platinum Catalysts Exports

Exports in Asia-Pacific

In 2023, after two years of growth, there was significant decline in overseas shipments of platinum catalysts, when their volume decreased by X% to X tons. Over the period under review, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, platinum catalysts exports surged to $X in 2023. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. Taiwan (Chinese) (X kg) ranks second in terms of the total exports with a X% share, followed by Singapore (X%), Indonesia (X%), South Korea (X%), Thailand (X%) and India (X%).

From 2012 to 2023, average annual rates of growth with regard to platinum catalysts exports from Australia stood at X%. At the same time, Singapore (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (X%), India (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia, Singapore, Taiwan (Chinese), Thailand, South Korea and India increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Singapore ($X), Australia ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per kg, growing by X% against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

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 ($X per kg), while Indonesia ($X per kg) was amongst the lowest.

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

Platinum Catalysts Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of platinum catalysts decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, platinum catalysts imports skyrocketed to $X in 2023. Over the period under review, imports, however, recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia represented the key importing country with an import of around X tons, which resulted at X% of total imports. India (X tons) ranks second in terms of the total imports with an X% share, followed by Vietnam (X%). Sri Lanka (X tons) and Singapore (X tons) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to platinum catalysts imports into Indonesia stood at X%. At the same time, Vietnam (X%), India (X%), Singapore (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Indonesia (X p.p.), India (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 ($X) constitutes the largest market for imported platinum catalysts in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by India, with a X% share.

In Singapore, platinum catalysts imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per kg, surging by X% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per kg in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per kg), while Sri Lanka (less than $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