In 2022, the total gross demand for palladium totaled 3.1 million ounces in China and 1.8 million ounces in North America.
Palladium is often used as a part of catalytic converters which is involved in the conversion of the harmful substances in automotive exhaust into less harmful substances.
Gross palladium demand worldwide in 2021 and 2022, with a forecast for 2023, by region
(in 1,000 ounces)
Characteristic
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2022
2023*
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Heraeus. (May 10, 2023). Gross palladium demand worldwide in 2021 and 2022, with a forecast for 2023, by region (in 1,000 ounces) [Graph]. In Statista. Retrieved July 24, 2024, from https://www.statista.com/statistics/418254/global-palladium-demand-by-region/
Heraeus. "Gross palladium demand worldwide in 2021 and 2022, with a forecast for 2023, by region (in 1,000 ounces)." Chart. May 10, 2023. Statista. Accessed July 24, 2024. https://www.statista.com/statistics/418254/global-palladium-demand-by-region/
Heraeus. (2023). Gross palladium demand worldwide in 2021 and 2022, with a forecast for 2023, by region (in 1,000 ounces). Statista. Statista Inc.. Accessed: July 24, 2024. https://www.statista.com/statistics/418254/global-palladium-demand-by-region/
Heraeus. "Gross Palladium Demand Worldwide in 2021 and 2022, with a Forecast for 2023, by Region (in 1,000 Ounces)." Statista, Statista Inc., 10 May 2023, https://www.statista.com/statistics/418254/global-palladium-demand-by-region/
Heraeus, Gross palladium demand worldwide in 2021 and 2022, with a forecast for 2023, by region (in 1,000 ounces) Statista, https://www.statista.com/statistics/418254/global-palladium-demand-by-region/ (last visited July 24, 2024)
Gross palladium demand worldwide in 2021 and 2022, with a forecast for 2023, by region (in 1,000 ounces) [Graph], Heraeus, May 10, 2023. [Online]. Available: https://www.statista.com/statistics/418254/global-palladium-demand-by-region/