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

Contents:

1. Price for Metals; Palladium, Unwrought or in Powder Form in Norway (FOB) - 2024
2. Price for Metals; Palladium, Unwrought or in Powder Form in Norway (CIF) - 2022
3. Exports of Metals; Palladium, Unwrought or in Powder Form in Norway
4. Imports of Metals; Palladium, Unwrought or in Powder Form in Norway

Price for Metals; Palladium, Unwrought or in Powder Form in Norway (FOB) - 2024

In August 2023, the average export price for metals; palladium, unwrought or in powder forms amounted to $39.3M per ton, with a decrease of -11.7% against the previous month. Overall, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 8.8% m-o-m. The export price peaked at $51.6M per ton in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In August 2023, the country with the highest price was South Korea ($39.9M per ton), while the average price for exports to the UK amounted to $38.6M per ton.

From February 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-3.9%).

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

The average import price for metals; palladium, unwrought or in powder forms stood at $36,802,104 per ton in 2022, with a decrease of -44.2% against the previous year. Over the period under review, the import price, however, showed a strong increase. The pace of growth was the most pronounced in 2021 an increase of 93% against the previous year. As a result, import price reached the peak level of $65,972 per kg, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($147,950,000 per ton), while the price for the UK ($25,860,375 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of metals; palladium, unwrought or in powder forms decreased by -8.3% to 6.3 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. As a result, the exports reached the peak of 7 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of metals; palladium, unwrought or in powder forms shrank markedly to $424M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year.

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

1. United Kingdom (3.6 tons)
2. South Korea (2.7 tons)

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

Imports of metals; palladium, unwrought or in powder forms into Norway soared to 733 kg in 2022, rising by 286% against the previous year. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; palladium, unwrought or in powder forms surged to $27M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 121% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

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

1. United Kingdom (544.0 kg)
2. South Africa (151.0 kg)
3. Germany (12.0 kg)
4. South Korea (11.0 kg)
5. Italy (8.0 kg)

Source: IndexBox Market Intelligence Platform