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

Price for Metals; Palladium, Unwrought or in Powder Form in China (CIF) - 2024

In June 2023, the average import price for metals; palladium, unwrought or in powder forms amounted to $48.5M per ton, dropping by -13.6% against the previous month. Over the period under review, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in May 2023 an increase of 0.9% month-to-month. Over the period under review, average import prices reached the peak figure at $56.3M per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($61.5M per ton), while the price for Japan ($40.0M per ton) was amongst the lowest.

From February 2023 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for metals; palladium, unwrought or in powder forms amounted to $60,113,707 per ton, increasing by 297% against the previous year. Over the period under review, the export price saw a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 647%. The export price peaked at $81,771,109 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($61,655,038 per ton), while the average price for exports to Hong Kong SAR totaled $4,495,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+19.0%).

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

In 2022, imports of metals; palladium, unwrought or in powder forms into China surged to 24 tons, growing by 20% against the previous year's figure. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 101%. As a result, imports reached the peak of 41 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of metals; palladium, unwrought or in powder forms rose rapidly to $1.6B in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 200%. As a result, imports attained the peak of $2.8B. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Metals; Palladium, Unwrought or in Powder Form in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	395	969	704	757	24.2%
Russia	274	811	437	497	22.0%
Belgium	45.8	265	112	176	56.6%
Japan	40.0	75.2	104	94.5	33.2%
Switzerland	0.2	0.9	7.7	23.7	391.2%
Germany	46.2	182	12.9	6.3	-48.5%
United Kingdom	67.4	248	18.3	6.2	-54.9%
Italy	44.0	110	17.9	5.8	-49.1%
Others	30.3	169	33.6	33.9	3.8%
Total	942	2,831	1,447	1,601	19.3%

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

South Africa (10.7 tons)
Russia (7.6 tons)
Belgium (2.3 tons)
Japan (1.7 tons)
Switzerland (0.5 tons)
Germany (0.2 tons)
Italy (0.1 tons)
United Kingdom (0.1 tons)

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

In 2022, exports of metals; palladium, unwrought or in powder forms from China soared to 164 kg, rising by 4,000% compared with 2021 figures. Over the period under review, exports, however, recorded a dramatic shrinkage.

In value terms, exports of metals; palladium, unwrought or in powder forms soared to $9.9M in 2022. In general, exports, however, continue to indicate a sharp setback.