Metals; Palladium, Semi-Manufactured Price in Chile - 2023

Metals; Palladium, Semi-Manufactured Price in Chile (FOB) - 2023

The average metals; palladium, semi-manufactured export price stood at $8.2M per ton in August 2023, leveling off at the previous month. In general, the export price continues to indicate a deep reduction. Over the period under review, the average export prices attained the peak figure at $28.4M per ton in February 2023; afterwards, it flattened through to August 2023.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From October 2022 to August 2023, the rate of growth in terms of prices for Switzerland amounted to -6.1% per month.

Metals; Palladium, Semi-Manufactured Price in Chile (CIF) - 2022

In 2022, the average metals; palladium, semi-manufactured import price amounted to $505,781 per ton, remaining stable against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 when the average import price increased by 46%. As a result, import price reached the peak level of $2,789 per kg. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($518,685 per ton), while the price for Switzerland ($103,460 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-8.6%), while the prices for the other major suppliers experienced a decline.

Metals; Palladium, Semi-Manufactured Exports in Chile

In 2022, the amount of metals; palladium, semi-manufactureds exported from Chile contracted to 170 kg, with a decrease of -7.1% compared with 2021. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year.

In value terms, metals; palladium, semi-manufactured exports dropped dramatically to $5.6M in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports reached the peak of $6.7M, and then declined significantly in the following year.

Export of Metals; Palladium, Semi-Manufactured in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	5.2	1.9	3.5	2.9	-17.7%
Switzerland	0.4	2.6	3.2	2.7	89.0%
Others	N/A	N/A	N/A	N/A	0%
Total	5.6	4.5	6.7	5.6	0.0%

Top Export Markets for Metals; Palladium, Semi-Manufactured from Chile in 2022:

South Korea (101.0 kg)
Switzerland (69.0 kg)

Metals; Palladium, Semi-Manufactured Imports in Chile

In 2022, after three years of growth, there was significant decline in overseas purchases of metals; palladium, semi-manufactureds, when their volume decreased by -24.2% to 50 kg. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of 66 kg, and then reduced sharply in the following year.

In value terms, metals; palladium, semi-manufactured imports fell dramatically to $25K in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 23,697%.