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Market balance of palladium worldwide from 2021 to 2024, with a forecast for 2025 (in million ounces)

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Source

Release date

February 2025

Region

Worldwide

Survey time period

2021 to 2024

Special properties

Balance of production and consumption excluding investment demand and other stock movements.

Supplementary notes

* Forecast

The source states that the figures for 2024 and 2025 are balanced, so a market balance, thus zero deficit or surplus, was assumed. It also stated that between 2023 and 2024, there was an expected termination of the period of active realization of stocks.

Citation formats

Global palladium market balance 2022-2025

Published by
Doris Dokua Sasu,
Aug 28, 2025

The global market balance of palladium in 2023 amounted to a deficit of about ** ounces. In 2024, the global palladium market was balanced with neither a surplus or deficit, represented in this statistic as **** ounces. That same year, the global market balance of platinum was also registered as being balanced. Palladium – together with platinum, rhodium, ruthenium, iridium and osmium – form the platinum group metals or PGMs.

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Palladium mining industry worldwideMining industry worldwideMining industry in South AfricaTop mining companiesPrecious metal mining in the United States
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