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

Contents:

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

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

The average import price for metals; palladium, unwrought or in powder forms stood at $46.0M per ton in July 2023, waning by -4.8% against the previous month. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in May 2023 an increase of 4.5% month-to-month. The import price peaked at $70.6M per ton in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Italy ($55.6M per ton) and South Africa ($47.7M per ton), while the price for the United States ($42.1M per ton) and Russia ($42.2M per ton) were amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (-3.8%), while the prices for the other major suppliers experienced a decline.

Price for Metals; Palladium, Unwrought or in Powder Form in Japan (FOB) - 2022

The average export price for metals; palladium, unwrought or in powder forms stood at $36,496,983 per ton in 2022, growing by 2.2% against the previous year. In general, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 56% against the previous year. As a result, the export price attained the peak level of $41,588 per kg. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($61,382,289 per ton), while the average price for exports to Austria ($13,105,178 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 54 tons of metals; palladium, unwrought or in powder forms were imported into Japan; growing by 7% compared with the year before. Over the period under review, imports showed a relatively flat trend pattern. 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 fell to $3.6B in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year.

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

1. South Africa (28.2 tons)
2. Russia (14.5 tons)
3. United States (6.4 tons)
4. Italy (1.0 tons)
5. South Korea (1.0 tons)
6. Belgium (0.7 tons)
7. United Kingdom (0.3 tons)

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

In 2022, approx. 18 tons of metals; palladium, unwrought or in powder forms were exported from Japan; with an increase of 55% on 2021. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.4% against 2019 indices. 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 surged to $657M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 91%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. South Korea (8.4 tons)
2. United States (4.1 tons)
3. China (1.8 tons)
4. Austria (1.4 tons)
5. Switzerland (1.0 tons)
6. United Kingdom (0.4 tons)
7. Germany (0.3 tons)
8. Taiwan (Chinese) (0.1 tons)

Source: IndexBox Market Intelligence Platform