In 2021, China's platinum imports reached 85.44 tons, up 45.21% year-on-year, with an import value of US$3.116 billion, up 83.86% year-on-year. From January to October 2022, China imported 62.13 tons of platinum, down 10.15% year-on-year, with an import value of US$1.958 billion, down 23.91% year-on-year.
In 2018-2022, the average price of platinum imports in China shows an overall change in fluctuating growth. According to the publisher's analysis, from 2018-2020, the average price of China's platinum imports is relatively stable and less volatile, generally remaining in the price range of US$28-30 per gram. In 2021, the average price of China's platinum imports rises to US$36.46 per gram, up 26.62% year-on-year. From January to October 2022, the average price of China's platinum imports is US$31.51 per gram, down 15.32% year-on-year. a year-on-year decrease of 15.32%.
In 2021, China imported platinum from a total of 18 countries and regions. The publisher's analysis shows that South Africa, the Russian Federation, Japan, Switzerland and Germany are China's main sources of platinum imports by volume. In 2021, China imported 56.81 tons of platinum from South Africa, accounting for 66.49% of total platinum imports that year and the value of imports was US$2.047 billion, accounting for 65.72% of total imports.
China's platinum resources are low in reserves and poor in grade, so the country relies heavily on imports for its platinum needs. With the development of China's automotive, jewelry and other platinum downstream industries, the publisher expects that China will still need to import large amounts of platinum each year from 2023-2032.
Topics covered:
- China's Platinum Import Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on China's Platinum Import?
- Which Companies are the Major Players in China's Platinum Import Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in China's Platinum Import
- What are the Key Drivers, Challenges, and Opportunities for China's Platinum Import during 2023-2032?
- What is the Expected Revenue of China's Platinum Import during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in China's Platinum Import Market?
- Which Segment of China's Platinum Import is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing China's Platinum Import?
Table of Contents
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
LOADING...
