Global demand for platinum 2005-2023

Published by
M. Garside,
May 24, 2023
In 2023, the gross global demand for platinum is estimated to be around 7.5 million ounces. Platinum is one of the least reactive metals in the world and is highly resistant to corrosion. It is often used as a catalyst or as a precious metal.

Demand for platinum worldwide from 2005 to 2023 (in 1,000 ounces)

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Release date

May 2023

Region

Worldwide

Survey time period

2005 to 2023

Supplementary notes

* Figures prior to 2019 were taken from several editions of the GFMS Platinum and Palladium Survey, the last edition of which is available here.
**Forecast.

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