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

Contents:

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

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

In August 2023, the average import price for metals; palladium, unwrought or in powder forms amounted to $25.1M per ton, declining by -12.2% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 24% m-o-m. As a result, import price reached the peak level of $33,512 per kg; afterwards, it flattened through to August 2023.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($45.0M per ton), while the price for the United States ($23.0M per ton) was amongst the lowest.

From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In August 2023, the average export price for metals; palladium, unwrought or in powder forms amounted to $40.7M per ton, dropping by -15.2% against the previous month. In general, the export price recorded a deep slump. The pace of growth was the most pronounced in April 2023 an increase of 4.1% m-o-m. Over the period under review, the average export prices attained the peak figure at $58.2M per ton in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In August 2023, the countries with the highest prices were Italy ($44.9M per ton) and France ($42.7M per ton), while the average price for exports to the United States ($39.9M per ton) and the UK ($40.1M per ton) were amongst the lowest.

From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+26.2%), while the prices for the other major destinations experienced a decline.

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

For the fourth year in a row, Switzerland recorded growth in overseas purchases of metals; palladium, unwrought or in powder forms, which increased by 12% to 36 tons in 2022. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of metals; palladium, unwrought or in powder forms reduced to $1.4B in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +60.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 55%.

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

1. United States (16.0 tons)
2. Italy (4.8 tons)
3. France (3.8 tons)
4. United Kingdom (3.0 tons)
5. South Africa (1.4 tons)
6. Finland (1.3 tons)
7. Canada (1.1 tons)
8. Germany (0.9 tons)
9. South Korea (0.9 tons)
10. Russia (0.6 tons)
11. Sweden (0.5 tons)
12. Japan (0.2 tons)

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

In 2022, shipments abroad of metals; palladium, unwrought or in powder forms was finally on the rise to reach 13 tons after two years of decline. Over the period under review, exports, however, faced a abrupt contraction.

In value terms, exports of metals; palladium, unwrought or in powder forms expanded to $861M in 2022. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (5.9 tons)
2. United States (4.1 tons)
3. Germany (1.1 tons)
4. Hong Kong SAR (0.9 tons)
5. Italy (0.8 tons)
6. France (0.3 tons)

Source: IndexBox Market Intelligence Platform