Metals; Palladium, Semi-Manufactured Price in South Korea - 2022
Contents:
- Metals; Palladium, Semi-Manufactured Price in South Korea (CIF) - 2022
- Metals; Palladium, Semi-Manufactured Price in South Korea (FOB) - 2022
- Metals; Palladium, Semi-Manufactured Imports in South Korea
- Metals; Palladium, Semi-Manufactured Exports in South Korea
Metals; Palladium, Semi-Manufactured Price in South Korea (CIF) - 2022
The average metals; palladium, semi-manufactured import price stood at $28.8M per ton in December 2022, increasing by 7.3% against the previous month. Over the period under review, import price indicated a measured increase from December 2021 to December 2022: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, metals; palladium, semi-manufactured import price decreased by -8.3% against October 2022 indices. The pace of growth appeared the most rapid in October 2022 an increase of 66% against the previous month. As a result, import price reached the peak level of $31,350 per kg; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($30.8M per ton), while the price for the United States amounted to $9.8M per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.9%).
Metals; Palladium, Semi-Manufactured Price in South Korea (FOB) - 2022
In 2022, the average metals; palladium, semi-manufactured export price amounted to $16,262,949 per ton, increasing by 10% against the previous year. In general, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 71%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($47,566,127 per ton), while the average price for exports to Vietnam ($683,660 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 Vietnam (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Metals; Palladium, Semi-Manufactured Imports in South Korea
In 2022, metals; palladium, semi-manufactured imports into South Korea rose modestly to 2 tons, with an increase of 4.2% on 2021 figures. Over the period under review, imports, however, saw a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 15%.
In value terms, metals; palladium, semi-manufactured imports declined to $46M in 2022. In general, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year.
| Import of Metals; Palladium, Semi-Manufactured in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 41.0 | 33.6 | 41.0 | 34.6 | -5.5% |
| Switzerland | 0.3 | 0.1 | 0.1 | 3.4 | 124.6% |
| United States | 7.6 | 3.7 | 3.3 | 3.1 | -25.8% |
| Chile | 8.2 | 1.8 | 3.1 | 2.7 | -30.9% |
| Malaysia | N/A | 2.1 | 2.0 | 1.7 | -10.0% |
| China | 0.1 | N/A | 1.0 | 0.8 | 100.0% |
| Others | N/A | 0.7 | 0.1 | 0.1 | -62.2% |
| Total | 57.2 | 42.1 | 50.6 | 46.4 | -6.7% |
Top Suppliers of Metals; Palladium, Semi-Manufactured to South Korea in 2022:
- Japan (1130.0 kg)
- Switzerland (317.0 kg)
- Malaysia (187.0 kg)
- United States (164.0 kg)
- Chile (109.0 kg)
- China (104.0 kg)
Metals; Palladium, Semi-Manufactured Exports in South Korea
In 2022, approx. 981 kg of metals; palladium, semi-manufactureds were exported from South Korea; declining by -23% compared with the year before. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 9.6% against the previous year.
In value terms, metals; palladium, semi-manufactured exports fell significantly to $16M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 43%. As a result, the exports reached the peak of $19M, and then shrank remarkably in the following year.
| Export of Metals; Palladium, Semi-Manufactured in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.5 | 4.7 | 6.8 | 5.7 | -4.3% |
| United Kingdom | 2.3 | 2.4 | 6.2 | 5.2 | 31.2% |
| Hong Kong SAR | 1.6 | 3.9 | 3.7 | 3.1 | 24.7% |
| China | 1.8 | 1.4 | 1.3 | 1.1 | -15.1% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Vietnam | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 2.1 | 0.5 | 0.6 | 0.7 | -30.7% |
| Total | 14.5 | 13.1 | 18.8 | 16.0 | 3.3% |
Top Export Markets for Metals; Palladium, Semi-Manufactured from South Korea in 2022:
- Japan (380.0 kg)
- China (255.0 kg)
- United Kingdom (109.0 kg)
- Vietnam (103.0 kg)
- Hong Kong SAR (74.0 kg)
- Taiwan (Chinese) (27.0 kg)
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