Price for Metals; Palladium, Unwrought or in Powder Form in Belarus - 2022

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

In 2022, the average import price for metals; palladium, unwrought or in powder forms amounted to $57,409,029 per ton, standing approx. at the previous year. Overall, the import price, however, showed a resilient increase. The growth pace was the most rapid in 2018 when the average import price increased by 346% against the previous year. The import price peaked at $57,951,290 per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($74,303,370 per ton), while the price for the United States stood at $25,028,208 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.2%).

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

In 2022, the average export price for metals; palladium, unwrought or in powder forms amounted to $65,768,133 per ton, falling by -15.1% against the previous year. Over the period under review, the export price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices attained the peak figure at $77,495,842 per ton in 2021, and then contracted notably in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($78,954,600 per ton), while the average price for exports to Russia stood at $55,218,960 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of metals; palladium, unwrought or in powder forms into Belarus stood at 70 kg, stabilizing at the year before. In general, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 28%.

In value terms, imports of metals; palladium, unwrought or in powder forms reached $4M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Metals; Palladium, Unwrought or in Powder Form in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	2.5	2.1	3.4	3.4	10.8%
United States	0.6	0.5	0.6	0.6	0.0%
Hong Kong SAR	N/A	0.2	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	3.1	2.8	4.0	4.0	8.9%

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

Russia (46.0 kg)
United States (24.0 kg)

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

In 2022, approx. 45 kg of metals; palladium, unwrought or in powder forms were exported from Belarus; with an increase of 18% compared with 2021 figures. Over the period under review, exports, however, faced a deep downturn.

In value terms, exports of metals; palladium, unwrought or in powder forms stood at $3M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year.