GITNUX MARKETDATA REPORT 2024
Precious Metal Market Trends Statistics
Precious metal market trends indicate a steady increase in demand and prices, driven by economic uncertainties and high inflation fears.
Statistic 1
"In 2020, the global precious metal market was valued at approximately $193.3 billion."
Statistic 2
"By 2027, the global precious metal market is projected to reach $362.1 billion."
Statistic 3
"Gold took up nearly 44.5% market share of the precious metal market in 2020."
Statistic 4
"The demand for Platinum in the Automotive industry is projected to reach 3.0 million ounces by 2022."
Statistic 5
"The Asia Pacific region is the largest precious metal market, accounting for nearly 52% of the global market."
Statistic 6
"Since COVID-19 outbreak, Gold market witnessed a 19% average price increase in the first 10 months of 2020."
Statistic 7
"The monetary demand for gold skyrocketed to 30% in 2019 from the 2010's average of 10%."
Statistic 8
"Industrial segment of Silver accounts for 56% in 2020."
Statistic 9
"The demand for Platinum in Jewelry has plunged by 41% in the eight years between 2011 to 2019."
Statistic 10
"In 2020, the price of palladium surged by over 53%."
Statistic 11
"The yearly average price of palladium reached an all-time high of $2319.03 per ounce in 2020."
Statistic 12
"The demand of Rhodium, a precious metal majorly used in automotive catalysts, soared by 45% in China in 2020."
Statistic 13
"Palladium has been able to maintain a decade-long deficit and the difference is projected to be 1.9 million ounces in 2021."
Statistic 14
"There was a 19% decrease in the Platinum supply due to COVID-19 disruptions."
Statistic 15
"Gold's dominant use in technology fell to 7.5% in 2020."
Statistic 16
"Silver production was about 25,000 tons in 2020, which was a decrease compared to the previous two years."
Financial Statistics: Explore more posts from this category
Average Extended Warranty Cost
Valuable Silver Coins Statistics
Venmo Processing Time Statistics