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Gross platinum demand worldwide by region from 2019 to 2024, with a forecast for 2025 (in 1,000 ounces)

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Sources

Release date

May 2025

Region

Worldwide

Survey time period

2019 to 2025

Supplementary notes

*Forecast.

Citation formats

Worldwide demand for platinum by region 2019-2025

Published by
Doris Dokua Sasu,
Jun 5, 2025

In 2024, the demand for platinum in China totaled more than *** million ounces. It is expected that by 2025 China slightly decreases its demand for platinum to **** million ounces. Furthermore, the Asian country accounts for the largest volume of platinum demand in the world. 

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.

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