Price for Metals; Palladium, Unwrought or in Powder Form in Australia - 2024

Contents:

1. Price for Metals; Palladium, Unwrought or in Powder Form in Australia (CIF) - 2022
2. Price for Metals; Palladium, Unwrought or in Powder Form in Australia (FOB) - 2022
3. Imports of Metals; Palladium, Unwrought or in Powder Form in Australia
4. Exports of Metals; Palladium, Unwrought or in Powder Form in Australia

Price for Metals; Palladium, Unwrought or in Powder Form in Australia (CIF) - 2022

In 2022, the average import price for metals; palladium, unwrought or in powder forms amounted to $22,416,751 per ton, falling by -13.5% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 282%. The import price peaked at $25,914,401 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($37,306,595 per ton), while the price for Switzerland ($18,830,844 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 (+23.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Metals; Palladium, Unwrought or in Powder Form in Australia (FOB) - 2022

The average export price for metals; palladium, unwrought or in powder forms stood at $29,343,000 per ton in 2022, surging by 14% against the previous year. In general, the export price saw a buoyant increase. The growth pace was the most rapid in 2015 when the average export price increased by 297% against the previous year. The export price peaked at $29,936,556 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($56,675,000 per ton), while the average price for exports to New Zealand amounted to $2,011,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+62.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Metals; Palladium, Unwrought or in Powder Form in Australia

For the fourth consecutive year, Australia recorded growth in overseas purchases of metals; palladium, unwrought or in powder forms, which increased by 4.8% to 217 kg in 2022. The total import volume increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of metals; palladium, unwrought or in powder forms shrank to $4.9M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of $5.4M, and then dropped in the following year.

Top Suppliers of Metals; Palladium, Unwrought or in Powder Form to Australia in 2022:

1. Switzerland (173.0 kg)
2. United States (42.0 kg)
3. New Zealand (1.0 kg)

Exports of Metals; Palladium, Unwrought or in Powder Form in Australia

In 2022, approx. 2 kg of metals; palladium, unwrought or in powder forms were exported from Australia; standing approx. at the year before. Over the period under review, exports saw a deep setback. The smallest decline of -33.3% was in 2021.

In value terms, exports of metals; palladium, unwrought or in powder forms rose significantly to $59K in 2022. Overall, exports showed a noticeable downturn.

Top Export Markets for Metals; Palladium, Unwrought or in Powder Form from Australia in 2022:

1. New Zealand (1.0 kg)
2. Vietnam (1.0 kg)

Source: IndexBox Market Intelligence Platform