Demand End Use Shares, 2023 vs. 2024f

Source: Metals Focus Prepared For World Pt Investment Council

This chart compares the demand end-use shares for 2023 and the forecast for 2024 (2024f), highlighting the distribution across various sectors such as Automotive, Jewellery, Industrial, Chemical, and others. The data shows a slight overall increase in demand from 7,918 in 2023 to 7,951 in 2024f. Notable changes include a decrease in the Automotive sector from 41% to 40%, and an increase in the Jewellery sector from 23% to 25%. The Industrial sector remains the second-largest contributor at 31%, while the Chemical sector sees a reduction from 10% to 7%. The Hydrogen sector shows growth, doubling its share from 0.4% to 1%. This comparison provides insights into shifting market dynamics and sectoral trends influencing demand.