Metals; Rhodium, Semi-Manufactured Price in Hong Kong SAR - 2023

Metals; Rhodium, Semi-Manufactured Price in Hong Kong SAR (CIF) - 2022

The average metals; rhodium, semi-manufactured import price stood at $10,339,739 per ton in 2022, waning by -11.8% against the previous year. Overall, the import price, however, saw buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 184%. The import price peaked at $11,717,591 per ton in 2021, and then declined 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 Italy ($10,722,124 per ton), while the price for China stood at $2,354,602 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+55.4%).

Metals; Rhodium, Semi-Manufactured Price in Hong Kong SAR (FOB) - 2022

In 2022, the average metals; rhodium, semi-manufactured export price amounted to $6,318,878 per ton, with an increase of 28% against the previous year. In general, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 67% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($6,334,103 per ton), while the average price for exports to China stood at $6,317,609 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+19.2%).

Metals; Rhodium, Semi-Manufactured Imports in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of metals; rhodium, semi-manufactureds, which decreased by -20.5% to 35 kg in 2022. Overall, imports continue to indicate a dramatic contraction. The smallest decline of -17% was in 2021.

In value terms, metals; rhodium, semi-manufactured imports declined sharply to $358K in 2022. Over the period under review, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports attained the peak of $516K, and then reduced notably in the following year.

Import of Metals; Rhodium, Semi-Manufactured in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	406	353	516	354	-4.5%
China	N/A	7.8	N/A	3.7	-31.1%
Others	9.2	7.6	N/A	N/A	-17.4%
Total	415	369	516	358	-4.8%

Top Suppliers of Metals; Rhodium, Semi-Manufactured to Hong Kong SAR in 2022:

Italy (33.0 kg)
China (2.0 kg)

Metals; Rhodium, Semi-Manufactured Exports in Hong Kong SAR

In 2022, metals; rhodium, semi-manufactured exports from Hong Kong SAR declined rapidly to 13 kg, waning by -51.9% on the previous year. In general, exports showed a dramatic decline. The smallest decline of -8.8% was in 2020.

In value terms, metals; rhodium, semi-manufactured exports dropped sharply to $82K in 2022. Over the period under review, exports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 1.4%. As a result, the exports attained the peak of $191K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.