Metals; Palladium, Semi-Manufactured Price in Hong Kong SAR - 2023

Metals; Palladium, Semi-Manufactured Price in Hong Kong SAR (CIF) - 2022

In 2022, the average metals; palladium, semi-manufactured import price amounted to $62,908,280 per ton, which is down by -21.3% against the previous year. Overall, the import price, however, continues to indicate significant growth. The growth pace was the most rapid in 2016 an increase of 198% against the previous year. The import price peaked at $79,969,775 per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($70,567,710 per ton), while the price for the United States ($12,153,362 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Metals; Palladium, Semi-Manufactured Price in Hong Kong SAR (FOB) - 2022

The average metals; palladium, semi-manufactured export price stood at $40,741,141 per ton in 2022, picking up by 5.5% against the previous year. In general, the export price saw a strong increase. The growth pace was the most rapid in 2020 an increase of 184% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($83,615,191 per ton), while the average price for exports to China totaled $40,288,534 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+71.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metals; Palladium, Semi-Manufactured Imports in Hong Kong SAR

After three years of growth, purchases abroad of metals; palladium, semi-manufactureds decreased by -12.8% to 9.4 tons in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,170%.

In value terms, metals; palladium, semi-manufactured imports fell notably to $589M in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,719%.

Import of Metals; Palladium, Semi-Manufactured in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	2.8	290	731	538	477.0%
Japan	7.7	110	32.1	36.1	67.4%
United States	2.1	46.3	1.6	12.1	79.3%
Russia	N/A	4.0	90.4	N/A	2160.0%
Others	3.7	10.0	4.1	3.1	-5.7%
Total	16.3	460	859	589	230.6%

Top Suppliers of Metals; Palladium, Semi-Manufactured to Hong Kong SAR in 2022:

United Kingdom (7.6 tons)
United States (1.0 tons)
Japan (0.6 tons)

Metals; Palladium, Semi-Manufactured Exports in Hong Kong SAR

In 2022, approx. 5.4 tons of metals; palladium, semi-manufactureds were exported from Hong Kong SAR; increasing by 474% against the previous year's figure. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metals; palladium, semi-manufactured exports soared to $218M in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 931% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.