Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany - 2023

Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany (FOB) - 2023
Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany (CIF) - 2023
Exports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany
Imports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany

Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany (FOB) - 2023

The average export price for metals; iridium, osmium, ruthenium, unwrought or in powder forms stood at $47.9M per ton in December 2023, increasing by 46% against the previous month. In general, export price indicated a modest increase from December 2022 to December 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for metals; iridium, osmium, ruthenium, unwrought or in powder forms increased by +14.7% against September 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($109M per ton), while the average price for exports to Hong Kong SAR ($15.2M per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany (CIF) - 2023

The average import price for metals; iridium, osmium, ruthenium, unwrought or in powder forms stood at $41.4M per ton in December 2023, declining by -47.3% against the previous month. Over the period under review, the import price, however, recorded pronounced growth. The most prominent rate of growth was recorded in January 2023 an increase of 154% month-to-month. The import price peaked at $104M per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($130M per ton), while the price for the UK ($15.9M per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany

After three years of growth, shipments abroad of metals; iridium, osmium, ruthenium, unwrought or in powder forms decreased by -33.6% to 9.2 tons in 2022. Overall, total exports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. As a result, the exports reached the peak of 14 tons, and then fell dramatically in the following year.

In value terms, exports of metals; iridium, osmium, ruthenium, unwrought or in powder forms shrank modestly to $281M in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 117% against the previous year. As a result, the exports attained the peak of $291M, and then fell modestly in the following year.

Export of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	42.7	24.3	45.7	87.9	27.2%
United States	23.8	42.3	119	82.4	51.3%
Belgium	28.7	44.7	61.4	62.2	29.4%
United Kingdom	6.6	4.9	18.1	19.8	44.2%
Italy	3.9	2.4	10.4	18.8	68.9%
Switzerland	8.7	5.4	7.1	3.0	-29.9%
China	1.0	4.7	23.3	2.2	30.1%
Others	6.0	5.6	6.7	4.4	-9.8%
Total	121	134	291	281	32.4%

Top Export Markets for Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form from Germany in 2022:

United States (3.5 tons)
Japan (2.6 tons)
Belgium (2.1 tons)
Italy (0.3 tons)
United Kingdom (0.3 tons)
Switzerland (0.1 tons)
China (0.1 tons)

Imports of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany

After three years of growth, purchases abroad of metals; iridium, osmium, ruthenium, unwrought or in powder forms decreased by -25.2% to 3.6 tons in 2022. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 72%. As a result, imports attained the peak of 4.8 tons, and then fell dramatically in the following year.

In value terms, imports of metals; iridium, osmium, ruthenium, unwrought or in powder forms reduced slightly to $125M in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 114% against the previous year. As a result, imports reached the peak of $131M, and then fell in the following year.

Import of Metals; Iridium, Osmium, Ruthenium, Unwrought or in Powder Form in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	21.9	22.6	63.5	67.6	45.6%
United States	3.4	6.8	18.3	23.5	90.5%
Ireland	N/A	0.8	7.8	12.2	290.5%
Italy	0.8	1.9	0.7	9.4	127.3%
United Kingdom	11.2	8.7	25.5	5.0	-23.6%
Belgium	1.0	1.8	1.3	4.1	60.1%
Russia	0.9	16.6	12.8	1.2	10.1%
Hong Kong SAR	0.1	N/A	N/A	0.9	108.0%
Japan	2.0	N/A	0.3	0.3	-46.9%
Others	2.1	2.2	1.0	0.8	-27.5%
Total	43.3	61.4	131	125	42.4%