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

Contents:

  1. Price for Metals; Palladium, Unwrought or in Powder Form in India (CIF) - 2023
  2. Imports of Metals; Palladium, Unwrought or in Powder Form in India

Price for Metals; Palladium, Unwrought or in Powder Form in India (CIF) - 2023

The average import price for metals; palladium, unwrought or in powder forms stood at $46.2M per ton in July 2023, waning by -2% against the previous month. In general, the import price recorded a deep downturn. The pace of growth was the most pronounced in March 2023 when the average import price increased by 13% month-to-month. Over the period under review, average import prices attained the maximum at $72.7M per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($49.4M per ton), while the price for the UK stood at $42.4M per ton.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (0.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, after two years of decline, there was significant growth in overseas purchases of metals; palladium, unwrought or in powder forms, when their volume increased by 18% to 580 kg. In general, imports, however, saw a abrupt slump.

In value terms, imports of metals; palladium, unwrought or in powder forms reached $38M in 2022. Over the period under review, imports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2020 with an increase of 47%. As a result, imports reached the peak of $65M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Metals; Palladium, Unwrought or in Powder Form in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan4.510.69.29.528.3%
United States1.18.68.78.496.9%
United Kingdom9.922.29.07.7-8.0%
Russia2.56.46.06.738.9%
South Africa22.26.94.13.6-45.5%
Germany3.38.8N/A1.0-32.8%
Norway0.30.70.70.838.7%
Others0.30.60.50.518.6%
Total44.164.938.138.2-4.7%

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

  1. Japan (209.0 kg)
  2. Russia (111.0 kg)
  3. United States (94.0 kg)
  4. United Kingdom (80.0 kg)
  5. South Africa (54.0 kg)
  6. Germany (12.0 kg)
  7. Norway (11.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Metals; palladium, unwrought or in powder form - India