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

Contents:

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

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

The average export price for metals; palladium, unwrought or in powder forms stood at $42.8M per ton in August 2023, falling by -2% against the previous month. In general, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 7.1% against the previous month. Over the period under review, the average export prices hit record highs at $59.4M per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In August 2023, the highest price was recorded for prices to Switzerland ($46.9M per ton) and Hong Kong SAR ($42.9M per ton), while the average price for exports to the United States ($42.0M per ton) and the UK ($42.5M per ton) were amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (0.0%), while the prices for the other major destinations experienced a decline.

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

In August 2023, the average import price for metals; palladium, unwrought or in powder forms amounted to $42.0M per ton, which is down by -2.4% against the previous month. Over the period under review, the import price saw a noticeable reduction. The pace of growth was the most pronounced in April 2023 when the average import price increased by 6% against the previous month. Over the period under review, average import prices reached the maximum at $62.8M per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were the UK ($45.3M per ton) and the United States ($42.2M per ton), while the price for Russia ($40.5M per ton) and South Africa ($41.9M per ton) were amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+23.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 35 tons of metals; palladium, unwrought or in powder forms were exported from Italy; stabilizing at 2021 figures. The total export volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of metals; palladium, unwrought or in powder forms reduced to $2.4B in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year.

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

1. Germany (12.6 tons)
2. Poland (5.6 tons)
3. Switzerland (5.6 tons)
4. United Kingdom (4.9 tons)
5. Belgium (1.5 tons)
6. Netherlands (1.4 tons)
7. France (1.3 tons)
8. United States (1.0 tons)

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

In 2022, the amount of metals; palladium, unwrought or in powder forms imported into Italy expanded markedly to 27 tons, with an increase of 5.7% against the previous year. The total import volume increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 20%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of metals; palladium, unwrought or in powder forms contracted to $1.8B in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 72% against the previous year.

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

1. United States (10.3 tons)
2. Russia (6.7 tons)
3. United Kingdom (2.5 tons)
4. Germany (2.4 tons)
5. South Africa (1.4 tons)
6. Switzerland (1.3 tons)
7. France (0.5 tons)
8. China (0.2 tons)

Source: IndexBox Market Intelligence Platform