Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Africa - 2024

Contents:

1. Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Africa (FOB) - 2024
2. Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Africa (CIF) - 2022
3. Exports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Africa
4. Imports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Africa

Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Africa (FOB) - 2024

In January 2024, the average export price for metals; iridium, osmium, ruthenium, unwrought or in powder forms amounted to $44.6M per ton, approximately equating the previous month. In general, export price indicated a notable increase from January 2023 to January 2024: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for metals; iridium, osmium, ruthenium, unwrought or in powder forms decreased by -19.1% against September 2023 indices. The most prominent rate of growth was recorded in September 2023 an increase of 99% m-o-m. As a result, the export price reached the peak level of $55,097 per kg. From October 2023 to January 2024, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was the UK ($72.6M per ton), while the average price for exports to Hong Kong SAR ($26.8M per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Africa (CIF) - 2022

In 2022, the average import price for metals; iridium, osmium, ruthenium, unwrought or in powder forms amounted to $11,149,214 per ton, jumping by 19% against the previous year. Over the period under review, the import price posted a measured expansion. The growth pace was the most rapid in 2021 when the average import price increased by 853% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Germany ($15,813,000 per ton), while the price for the United States ($1,425,429 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+29.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Africa

In 2022, shipments abroad of metals; iridium, osmium, ruthenium, unwrought or in powder forms decreased by -45.9% to 26 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 83%. As a result, the exports attained the peak of 49 tons, and then fell sharply in the following year.

In value terms, exports of metals; iridium, osmium, ruthenium, unwrought or in powder forms declined rapidly to $902M in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 188% against the previous year. As a result, the exports attained the peak of $1.2B, and then contracted rapidly in the following year.

Top Export Markets for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form from South Africa in 2022:

1. Japan (6.9 tons)
2. United States (6.5 tons)
3. Hong Kong SAR (5.4 tons)
4. Taiwan (Chinese) (2.8 tons)
5. China (2.2 tons)
6. Germany (1.1 tons)
7. United Kingdom (1.0 tons)

Imports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in South Africa

Imports of metals; iridium, osmium, ruthenium, unwrought or in powder forms into South Africa dropped significantly to 28 kg in 2022, reducing by -56.9% compared with the year before. Overall, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 282% against the previous year. As a result, imports reached the peak of 65 kg, and then declined rapidly in the following year.

In value terms, imports of metals; iridium, osmium, ruthenium, unwrought or in powder forms declined remarkably to $312K in 2022. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 3,543% against the previous year. As a result, imports attained the peak of $608K, and then contracted remarkably in the following year.

Top Suppliers of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form to South Africa in 2022:

1. Germany (19.0 kg)
2. United States (7.0 kg)
3. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform