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

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

The average export price for metals; palladium, unwrought or in powder forms stood at $10.4M per ton in June 2023, surging by 157% against the previous month. Overall, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 5,462% month-to-month. As a result, the export price reached the peak level of $40,510 per kg; afterwards, it flattened through to June 2023.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Germany ($10.4M per ton), while the average price for exports to Sweden stood at $2.1M per ton.

From September 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+34.6%).

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

In 2022, the average import price for metals; palladium, unwrought or in powder forms amounted to $9,836,740 per ton, rising by 62% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2015 an increase of 294% against the previous year. Over the period under review, average import prices reached the maximum at $12,398,500 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16,379,257 per ton), while the price for the UK ($8,939,917 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+26.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, overseas shipments of metals; palladium, unwrought or in powder forms were finally on the rise to reach 1.5 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a significant decrease.

In value terms, exports of metals; palladium, unwrought or in powder forms soared to $10M in 2022. Overall, exports, however, recorded a precipitous descent.

Export of Metals; Palladium, Unwrought or in Powder Form in Finland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	9.8	22.8	7.5	9.8	0.0%
United Kingdom	92.3	59.7	0.5	0.5	-82.4%
Others	9.9	0.1	N/A	0.1	-78.4%
Total	112	82.6	8.0	10.5	-54.6%

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

Germany (1198.0 kg)
United Kingdom (253.0 kg)

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

Imports of metals; palladium, unwrought or in powder forms into Finland shrank markedly to 639 kg in 2022, waning by -66.1% compared with the previous year's figure. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,150% against the previous year. As a result, imports attained the peak of 1.9 tons, and then reduced markedly in the following year.

In value terms, imports of metals; palladium, unwrought or in powder forms declined significantly to $6.3M in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 543%. As a result, imports attained the peak of $11M, and then reduced remarkably in the following year.