Metals; Palladium, Semi-Manufactured Price in Singapore - 2022

Contents:

1. Metals; Palladium, Semi-Manufactured Price in Singapore (FOB) - 2022
2. Metals; Palladium, Semi-Manufactured Price in Singapore (CIF) - 2022
3. Metals; Palladium, Semi-Manufactured Exports in Singapore
4. Metals; Palladium, Semi-Manufactured Imports in Singapore

Metals; Palladium, Semi-Manufactured Price in Singapore (FOB) - 2022

In 2022, the average metals; palladium, semi-manufactured export price amounted to $60,733,577 per ton, with a decrease of -26.3% against the previous year. Overall, the export price, however, showed a strong increase. The growth pace was the most rapid in 2014 when the average export price increased by 258% against the previous year. Over the period under review, the average export prices reached the peak figure at $82,414,583 per ton in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($170,976,918 per ton), while the average price for exports to Japan ($2,761,211 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+48.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average metals; palladium, semi-manufactured import price amounted to $3,157,303 per ton, dropping by -10.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 1,186% against the previous year. As a result, import price reached the peak level of $12,007 per kg. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($57,131,352 per ton), while the price for China ($389,326 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+48.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Metals; Palladium, Semi-Manufactured Exports in Singapore

In 2022, shipments abroad of metals; palladium, semi-manufactureds decreased by -59.8% to 212 kg, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2020 when exports increased by 168%. As a result, the exports reached the peak of 2.5 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, metals; palladium, semi-manufactured exports fell significantly to $13M in 2022. Over the period under review, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 250% against the previous year. As a result, the exports reached the peak of $95M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Metals; Palladium, Semi-Manufactured from Singapore in 2022:

1. Japan (105.0 kg)
2. United Kingdom (65.0 kg)
3. Hong Kong SAR (23.0 kg)
4. Indonesia (9.0 kg)
5. Switzerland (6.0 kg)
6. Thailand (2.0 kg)

Metals; Palladium, Semi-Manufactured Imports in Singapore

In 2022, after three years of growth, there was significant decline in overseas purchases of metals; palladium, semi-manufactureds, when their volume decreased by -34.7% to 781 kg. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 108%.

In value terms, metals; palladium, semi-manufactured imports dropped markedly to $2.5M in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 274% against the previous year. As a result, imports attained the peak of $4.7M. From 2021 to 2022, the growth of imports remained at a lower figure.

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

1. China (654.0 kg)
2. Germany (72.0 kg)
3. United States (27.0 kg)
4. Switzerland (23.0 kg)

Source: IndexBox Market Intelligence Platform