Platinum Market - Austria's Platinum Imports into Italy Soar

Basic Precious Metals October 06, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

platinum market

Italy is an importer and exporter of platinum group metals. In 2014, the U.S. (34.4%), Switzerland (25.3%), the United Kingdom (16.8%) and Germany (11.3%) were the main suppliers of platinum into Italy, together making up 88% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in Italy's imports structure, with a CAGR of +62.0%.

In 2014, Turkey (38.7%), distantly the U.S. (17.5%) and Thailand (6.3%) were the main destinations of Italy's exports on the platinum market, together making up 63% of its total exports. From 2007 to 2014, average annual growth rates of exports into these countries were 229.9%, 36.6% and 71.2%, respectively.

The U.S. and the United Kingdom significantly strengthened their positions in the Italian import structure, while Switzerland reduced its share from 34% in 2007 to 25% in 2014. The share of Austria remained relatively stable throughout the analyzed period.

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Source: World: Platinum - Market Report. Analysis and Forecast to 2025