Price for Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR - 2023
Contents:
- Price for Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR (CIF) - 2023
- Price for Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR (FOB) - 2023
- Imports of Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR
- Exports of Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR
Price for Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR (CIF) - 2023
The average import price for metals; palladium, unwrought or in powder forms stood at $45.1M per ton in June 2023, declining by -14.2% against the previous month. In general, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in May 2023 an increase of 16% against the previous month. The import price peaked at $60.4M per ton in November 2022; however, from December 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from South Africa ($48.4M per ton) and Armenia ($46.4M per ton), while the price for the United States ($42.0M per ton) and Switzerland ($42.0M per ton) were amongst the lowest.
From November 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+19.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR (FOB) - 2023
In June 2023, the average export price for metals; palladium, unwrought or in powder forms amounted to $49.7M per ton, falling by -2.1% against the previous month. Over the period under review, the export price showed a pronounced decline. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 5.7% m-o-m. As a result, the export price attained the peak level of $65,618 per kg. From January 2023 to June 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In June 2023, the country with the highest price was China ($49.8M per ton), while the average price for exports to the United States stood at $45.5M per ton.
From November 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-2.8%), while the prices for the other major destinations experienced a decline.
Imports of Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR
In 2022, imports of metals; palladium, unwrought or in powder forms into Hong Kong SAR dropped markedly to 20 tons, reducing by -41% against 2021 figures. In general, imports faced a significant contraction. The smallest decline of -24.1% was in 2020.
In value terms, imports of metals; palladium, unwrought or in powder forms reduced rapidly to $1.3B in 2022. Overall, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2020 with an increase of 8.2% against the previous year. As a result, imports reached the peak of $3.2B. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 322 | 644 | 606 | 756 | 32.9% |
| Switzerland | 918 | 899 | 1,148 | 242 | -35.9% |
| South Africa | 98.2 | 282 | 205 | 87.1 | -3.9% |
| United States | 34.2 | 55.7 | 28.6 | 66.1 | 24.6% |
| South Korea | 8.9 | 11.4 | 51.3 | 47.0 | 74.1% |
| United Kingdom | 1,546 | 1,123 | 462 | 40.6 | -70.3% |
| China | 0.2 | 105 | 0.7 | 0.7 | 51.8% |
| Others | 23.0 | 72.7 | 6.5 | 23.0 | 0.0% |
| Total | 2,951 | 3,193 | 2,509 | 1,262 | -24.7% |
Top Suppliers of Metals; Palladium, Unwrought or in Powder Form to Hong Kong SAR in 2022:
- Russia (11.9 tons)
- Switzerland (3.8 tons)
- South Africa (1.5 tons)
- United States (0.9 tons)
- South Korea (0.7 tons)
- United Kingdom (0.6 tons)
Exports of Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR
In 2022, the amount of metals; palladium, unwrought or in powder forms exported from Hong Kong SAR surged to 9.9 tons, jumping by 147% against 2021 figures. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 329%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of metals; palladium, unwrought or in powder forms surged to $664M in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 471% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Metals; Palladium, Unwrought or in Powder Form in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.2 | 335 | 208 | 502 | 187.2% |
| Japan | 24.1 | 123 | N/A | 53.5 | 30.5% |
| United Kingdom | 44.8 | N/A | 24.9 | 50.6 | 4.1% |
| Switzerland | 0.6 | 24.3 | 5.7 | 21.9 | 231.7% |
| United States | 0.7 | N/A | 23.6 | 17.0 | 189.6% |
| Germany | N/A | N/A | N/A | 16.5 | 0% |
| Italy | N/A | 101 | N/A | N/A | 0% |
| Others | 12.8 | 12.3 | N/A | 2.3 | -43.6% |
| Total | 104 | 596 | 262 | 664 | 85.5% |
Top Export Markets for Metals; Palladium, Unwrought or in Powder Form from Hong Kong SAR in 2022:
- China (7.8 tons)
- Japan (0.7 tons)
- United Kingdom (0.5 tons)
- United States (0.3 tons)
- Switzerland (0.3 tons)
- Germany (0.2 tons)
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