In 2022, the total global demand for palladium reached nearly 9.5 million ounces. In 2023, palladium demand is forecast to decrease to 9.4 million ounces worldwide.
Palladium, a platinum group metal, 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.
Demand for palladium worldwide from 2014 to 2022, with a forecast for 2023
(in 1,000 ounces)
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Heraeus. (May 10, 2023). Demand for palladium worldwide from 2014 to 2022, with a forecast for 2023 (in 1,000 ounces) [Graph]. In Statista. Retrieved January 24, 2025, from https://www.statista.com/statistics/418227/global-palladium-demand/?__sso_cookie_checker=failed
Heraeus. "Demand for palladium worldwide from 2014 to 2022, with a forecast for 2023 (in 1,000 ounces)." Chart. May 10, 2023. Statista. Accessed January 24, 2025. https://www.statista.com/statistics/418227/global-palladium-demand/?__sso_cookie_checker=failed
Heraeus. (2023). Demand for palladium worldwide from 2014 to 2022, with a forecast for 2023 (in 1,000 ounces). Statista. Statista Inc.. Accessed: January 24, 2025. https://www.statista.com/statistics/418227/global-palladium-demand/?__sso_cookie_checker=failed
Heraeus. "Demand for Palladium Worldwide from 2014 to 2022, with a Forecast for 2023 (in 1,000 Ounces)." Statista, Statista Inc., 10 May 2023, https://www.statista.com/statistics/418227/global-palladium-demand/?__sso_cookie_checker=failed
Heraeus, Demand for palladium worldwide from 2014 to 2022, with a forecast for 2023 (in 1,000 ounces) Statista, https://www.statista.com/statistics/418227/global-palladium-demand/?__sso_cookie_checker=failed (last visited January 24, 2025)
Demand for palladium worldwide from 2014 to 2022, with a forecast for 2023 (in 1,000 ounces) [Graph], Heraeus, May 10, 2023. [Online]. Available: https://www.statista.com/statistics/418227/global-palladium-demand/?__sso_cookie_checker=failed
