Price for Metals; Palladium, Unwrought or in Powder Form in Belgium - 2023

Contents:

1. Price for Metals; Palladium, Unwrought or in Powder Form in Belgium (FOB) - 2023
2. Price for Metals; Palladium, Unwrought or in Powder Form in Belgium (CIF) - 2022
3. Exports of Metals; Palladium, Unwrought or in Powder Form in Belgium
4. Imports of Metals; Palladium, Unwrought or in Powder Form in Belgium

Price for Metals; Palladium, Unwrought or in Powder Form in Belgium (FOB) - 2023

In August 2023, the average export price for metals; palladium, unwrought or in powder forms amounted to $39.3M per ton, waning by -9% against the previous month. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in January 2023 when the average export price increased by 471% against the previous month. As a result, the export price reached the peak level of $58,721 per kg. From February 2023 to August 2023, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In August 2023, the country with the highest price was South Korea ($41.8M per ton), while the average price for exports to the UK ($41.8M per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+41.1%), while the prices for the other major destinations experienced a decline.

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

The average import price for metals; palladium, unwrought or in powder forms stood at $5,845,249 per ton in 2022, reducing by -30.4% against the previous year. Over the period under review, the import price showed a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 43% against the previous year. As a result, import price attained the peak level of $24,551 per kg. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($18,043,684 per ton), while the price for Germany amounted to $5,208,204 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-11.8%).

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

In 2022, exports of metals; palladium, unwrought or in powder forms from Belgium skyrocketed to 37 tons, rising by 24% against the previous year's figure. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of metals; palladium, unwrought or in powder forms declined rapidly to $1.6B in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 20%.

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

1. Germany (23.6 tons)
2. United Kingdom (5.8 tons)
3. United States (3.5 tons)
4. Kuwait (2.2 tons)
5. South Korea (1.2 tons)

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

In 2022, approx. 91 tons of metals; palladium, unwrought or in powder forms were imported into Belgium; jumping by 287% on 2021. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; palladium, unwrought or in powder forms soared to $532M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (87.6 tons)
2. Poland (1.8 tons)

Source: IndexBox Market Intelligence Platform