Price for Metals; Palladium, Unwrought or in Powder Form in Germany - 2023

Contents:

1. Price for Metals; Palladium, Unwrought or in Powder Form in Germany (CIF) - 2023
2. Price for Metals; Palladium, Unwrought or in Powder Form in Germany (FOB) - 2023
3. Imports of Metals; Palladium, Unwrought or in Powder Form in Germany
4. Exports of Metals; Palladium, Unwrought or in Powder Form in Germany

Price for Metals; Palladium, Unwrought or in Powder Form in Germany (CIF) - 2023

The average import price for metals; palladium, unwrought or in powder forms stood at $31.9M per ton in August 2023, with a decrease of -31.3% against the previous month. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in April 2023 when the average import price increased by 10% month-to-month. The import price peaked at $62.0M per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Russia ($46.9M per ton), while the price for South Africa ($14.0M per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the prices for the other major suppliers experienced a decline.

Price for Metals; Palladium, Unwrought or in Powder Form in Germany (FOB) - 2023

In August 2023, the average export price for metals; palladium, unwrought or in powder forms amounted to $44.8M per ton, increasing by 3.4% against the previous month. In general, the export price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in April 2023 an increase of 8.9% against the previous month. The export price peaked at $63.5M per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was China ($77.5M per ton), while the average price for exports to the United States ($38.1M per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 47 tons of metals; palladium, unwrought or in powder forms were imported into Germany; with a decrease of -4.6% compared with the year before. In general, imports continue to indicate a deep 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 reduced to $3.2B in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. As a result, imports reached the peak of $3.8B, and then shrank in the following year.

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

1. Italy (11.4 tons)
2. Russia (9.4 tons)
3. South Africa (8.4 tons)
4. United Kingdom (4.7 tons)
5. United States (4.0 tons)
6. France (3.6 tons)
7. Switzerland (2.6 tons)

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

For the third consecutive year, Germany recorded decline in overseas shipments of metals; palladium, unwrought or in powder forms, which decreased by -7% to 19 tons in 2022. Overall, exports saw a abrupt downturn.

In value terms, exports of metals; palladium, unwrought or in powder forms declined notably to $1.3B in 2022. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of 1.4% against the previous year. As a result, the exports reached the peak of $1.8B. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. United States (5.7 tons)
2. Brazil (4.9 tons)
3. China (1.6 tons)
4. United Kingdom (1.5 tons)
5. Japan (1.1 tons)
6. South Korea (1.0 tons)
7. Italy (0.7 tons)
8. Thailand (0.4 tons)
9. Belgium (0.2 tons)

Source: IndexBox Market Intelligence Platform