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

Contents:

1. Metals; Rhodium, Semi-Manufactured Price in Canada (CIF) - 2023
2. Metals; Rhodium, Semi-Manufactured Price in Canada (FOB) - 2022
3. Metals; Rhodium, Semi-Manufactured Imports in Canada
4. Metals; Rhodium, Semi-Manufactured Exports in Canada

Metals; Rhodium, Semi-Manufactured Price in Canada (CIF) - 2023

In June 2023, the average metals; rhodium, semi-manufactured import price amounted to $24.5M per ton, growing by 1.9% against the previous month. In general, the import price, however, recorded a significant decline. The growth pace was the most rapid in August 2022 an increase of 30% against the previous month. As a result, import price reached the peak level of $448K per kg. From September 2022 to June 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were Belgium ($24.5M per ton) and Germany ($24.5M per ton), while the price for Italy ($24.4M per ton) and the United States ($24.5M per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Africa (+0.8%), while the prices for the other major suppliers experienced a decline.

Metals; Rhodium, Semi-Manufactured Price in Canada (FOB) - 2022

In 2022, the average metals; rhodium, semi-manufactured export price amounted to $48,975,110 per ton, falling by -37.9% against the previous year. Over the period under review, the export price, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 64%. Over the period under review, the average export prices hit record highs at $78,915,321 per ton in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($49,935,850 per ton), while the average price for exports to the UK amounted to $32,427,864 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+29.1%).

Metals; Rhodium, Semi-Manufactured Imports in Canada

In 2022, metals; rhodium, semi-manufactured imports into Canada surged to 3.3 tons, jumping by 813% compared with the previous year's figure. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metals; rhodium, semi-manufactured imports surged to $286M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (2141.0 kg)
2. Germany (368.0 kg)
3. South Africa (323.0 kg)
4. United States (212.0 kg)
5. Belgium (116.0 kg)
6. United Kingdom (106.0 kg)
7. South Korea (34.0 kg)
8. Russia (24.0 kg)

Metals; Rhodium, Semi-Manufactured Exports in Canada

In 2022, approx. 13 kg of metals; rhodium, semi-manufactureds were exported from Canada; waning by -72.3% on the previous year. Over the period under review, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 370%. As a result, the exports reached the peak of 47 kg, and then dropped significantly in the following year.

In value terms, metals; rhodium, semi-manufactured exports reduced remarkably to $621K in 2022. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 413%. As a result, the exports reached the peak of $3.7M, and then declined sharply in the following year.

Top Export Markets for Metals; Rhodium, Semi-Manufactured from Canada in 2022:

1. United States (12.0 kg)
2. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform