Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in the Philippines - 2023

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

The average import price for metals; iridium, osmium, ruthenium, unwrought or in powder forms stood at $36,093 per ton in 2022, stabilizing at the previous year. In general, the import price showed a sharp downturn. The most prominent rate of growth was recorded in 2020 when the average import price decreased by -76.1% against the previous year. The import price peaked at $1,746,000 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($36,173 per ton), while the price for South Korea stood at $34,579 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-17.7%).

Imports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in the Philippines

In 2022, supplies from abroad of metals; iridium, osmium, ruthenium, unwrought or in powder forms decreased by 0% to 761 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of metals; iridium, osmium, ruthenium, unwrought or in powder forms totaled $27K in 2022. In general, imports recorded a significant expansion. The smallest decline of -60.2% was in 2020. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.