Metals; Palladium, Semi-Manufactured Price in South Africa - 2023
Contents:
- Metals; Palladium, Semi-Manufactured Price in South Africa (FOB) - 2023
- Metals; Palladium, Semi-Manufactured Price in South Africa (CIF) - 2022
- Metals; Palladium, Semi-Manufactured Exports in South Africa
- Metals; Palladium, Semi-Manufactured Imports in South Africa
Metals; Palladium, Semi-Manufactured Price in South Africa (FOB) - 2023
The average metals; palladium, semi-manufactured export price stood at $42.6M per ton in July 2023, which is down by -7.4% against the previous month. Over the period under review, the export price showed a pronounced reduction. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 25% month-to-month. Over the period under review, the average export prices attained the peak figure at $59.9M per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In July 2023, the countries with the highest prices were Japan ($44.2M per ton) and India ($43.1M per ton), while the average price for exports to the UK ($41.5M per ton) and the United States ($42.6M per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Metals; Palladium, Semi-Manufactured Price in South Africa (CIF) - 2022
In 2022, the average metals; palladium, semi-manufactured import price amounted to $1,109,044 per ton, reducing by -95.3% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 5,341% against the previous year. As a result, import price reached the peak level of $23,826 per kg, and then declined notably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,805,867 per ton), while the price for Italy amounted to $1,111,789 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+85.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Metals; Palladium, Semi-Manufactured Exports in South Africa
In 2022, after three years of growth, there was significant decline in shipments abroad of metals; palladium, semi-manufactureds, when their volume decreased by -24% to 25 tons. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 151%. As a result, the exports reached the peak of 32 tons, and then declined dramatically in the following year.
In value terms, metals; palladium, semi-manufactured exports declined dramatically to $1.2B in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 195%. As a result, the exports reached the peak of $1.8B, and then dropped rapidly in the following year.
| Export of Metals; Palladium, Semi-Manufactured in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 117 | 177 | 700 | 353 | 44.5% |
| China | N/A | N/A | 248 | 335 | 35.1% |
| United States | 157 | 217 | 522 | 305 | 24.8% |
| Hong Kong SAR | 2.5 | 23.7 | 147 | 92.6 | 233.3% |
| Germany | 31.9 | 79.4 | 92.5 | 81.7 | 36.8% |
| Japan | 88.3 | 14.8 | 39.8 | 55.9 | -14.1% |
| Switzerland | N/A | 65.7 | 96.7 | 2.0 | -82.6% |
| Others | 0.1 | 47.8 | 0.5 | 15.1 | 432.5% |
| Total | 397 | 625 | 1,848 | 1,241 | 46.2% |
Top Export Markets for Metals; Palladium, Semi-Manufactured from South Africa in 2022:
- Switzerland (undefined tons)
- China (10.3 tons)
- United Kingdom (5.6 tons)
- United States (4.6 tons)
- Hong Kong SAR (1.5 tons)
- Germany (1.3 tons)
- Japan (0.8 tons)
Metals; Palladium, Semi-Manufactured Imports in South Africa
In 2022, supplies from abroad of metals; palladium, semi-manufactureds decreased by -46.1% to 492 kg, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by 5,644%. As a result, imports attained the peak of 49 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, metals; palladium, semi-manufactured imports declined rapidly to $546K in 2022. In general, imports faced a dramatic decrease. The pace of growth was the most pronounced in 2020 when imports increased by 24%.
| Import of Metals; Palladium, Semi-Manufactured in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 0.4 | 0.5 | 25.0% |
| Russia | 14.5 | 10.0 | 18.7 | N/A | 13.6% |
| Japan | N/A | 3.8 | N/A | N/A | 0% |
| Others | 2.8 | 7.6 | 2.7 | N/A | -1.8% |
| Total | 17.4 | 21.5 | 21.7 | 0.5 | -69.4% |
Top Suppliers of Metals; Palladium, Semi-Manufactured to South Africa in 2022:
- Italy (489.0 kg)
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