Eastern Asia: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Eastern Asia

The East Asian platinum catalysts market reached $X in 2023, surging by X% against the previous year. Overall, consumption recorded resilient growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Platinum Catalysts Production in Eastern Asia

In value terms, platinum catalysts production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Platinum Catalysts Exports

Exports in Eastern Asia

Platinum catalysts exports fell notably to X kg in 2023, dropping by X% against the year before. Overall, exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2022 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, platinum catalysts exports surged to $X in 2023. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X kg) and South Korea (X kg) dominates exports structure, together generating X% of total exports. It was distantly followed by Japan (X kg), creating a X% share of total exports.

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

In value terms, Taiwan (Chinese) ($X) remains the largest platinum catalysts supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Taiwan (Chinese) amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per kg, increasing by X% against the previous year. Overall, the export price showed a significant increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per kg in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

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 Taiwan (Chinese) ($X per kg), while Japan ($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 mixed trends in the export price figures.

Platinum Catalysts Imports

Imports in Eastern Asia

In 2023, platinum catalysts imports in Eastern Asia skyrocketed to X tons, growing by X% on the previous year's figure. In general, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, platinum catalysts imports surged to $X in 2023. Overall, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Taiwan (Chinese) (X kg) and Japan (X kg) were the largest importers of platinum catalysts in Eastern Asia, together generating X% of total imports. It was distantly followed by South Korea (X kg), achieving a X% share of total imports. Hong Kong SAR (X kg) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported platinum catalysts in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per kg in 2023, picking up by X% against the previous year. In general, the import price saw a buoyant increase. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per kg), while Hong Kong SAR ($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 a decline in the import price figures.

Source: IndexBox Platform