Price for Metals; Palladium, Unwrought or in Powder Form in Israel - 2024

Price for Metals; Palladium, Unwrought or in Powder Form in Israel (CIF) - 2024

The average import price for metals; palladium, unwrought or in powder forms stood at $49.5M per ton in April 2023, approximately reflecting the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by less than 0.1% m-o-m. Over the period under review, average import prices reached the maximum in April 2023.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From February 2023 to April 2023, the rate of growth in terms of prices for the United States amounted to -0.0% per month.

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

Imports of metals; palladium, unwrought or in powder forms into Israel rose notably to 138 kg in 2022, surging by 14% on 2021. In general, imports saw a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of metals; palladium, unwrought or in powder forms contracted modestly to $9.2M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports reached the peak of $9.4M, and then dropped modestly in the following year.