Metals; Palladium, Semi-Manufactured Price in Canada - 2023

Metals; Palladium, Semi-Manufactured Price in Canada (CIF) - 2022

The average metals; palladium, semi-manufactured import price stood at $95,364,818 per ton in 2022, with an increase of 15% against the previous year. Overall, the import price saw strong growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 57%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($123,980,902 per ton), while the price for Belgium ($82,540,569 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Metals; Palladium, Semi-Manufactured Price in Canada (FOB) - 2023

The average metals; palladium, semi-manufactured export price stood at $50.2M per ton in June 2023, dropping by -12% against the previous month. Over the period under review, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in December 2022 when the average export price increased by 147% m-o-m. The export price peaked at $66.2M per ton in July 2022; afterwards, it flattened through to June 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($74.0M per ton), while the average price for exports to the United States stood at $47.6M per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.6%).

Metals; Palladium, Semi-Manufactured Imports in Canada

After three years of growth, purchases abroad of metals; palladium, semi-manufactureds decreased by -19.9% to 12 tons in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of 14 tons, and then plummeted in the following year.

In value terms, metals; palladium, semi-manufactured imports reduced to $1.1B in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 61% against the previous year.

Import of Metals; Palladium, Semi-Manufactured in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	165	274	405	403	34.7%
United States	96.0	227	381	379	58.0%
Russia	79.5	83.4	126	126	16.6%
Belgium	62.5	139	97.8	97.7	16.1%
Italy	55.0	34.9	73.2	72.8	9.8%
Others	19.3	11.1	117	24.2	7.8%
Total	477	768	1,200	1,103	32.2%

Top Suppliers of Metals; Palladium, Semi-Manufactured to Canada in 2022:

South Africa (4.2 tons)
United States (3.9 tons)
Russia (1.3 tons)
Belgium (1.2 tons)
Italy (0.7 tons)

Metals; Palladium, Semi-Manufactured Exports in Canada

For the third consecutive year, Canada recorded decline in shipments abroad of metals; palladium, semi-manufactureds, which decreased by -4.8% to 6 tons in 2022. Over the period under review, exports recorded a abrupt decline.

In value terms, metals; palladium, semi-manufactured exports reduced notably to $356M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year.