Price for Metals; Palladium, Unwrought or in Powder Form in Russia - 2022

Contents:

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

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

The average export price for metals; palladium, unwrought or in powder forms stood at $67,055,247 per ton in 2022, waning by -13% against the previous year. Overall, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 48%. The export price peaked at $77,115,707 per ton in 2021, and then fell in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($74,448,765 per ton) and Italy ($68,938,639 per ton), while the average price for exports to the UK ($61,881,075 per ton) and Hong Kong SAR ($63,532,248 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for metals; palladium, unwrought or in powder forms stood at $41,339,732 per ton in 2022, declining by -29.8% against the previous year. Over the period under review, the import price, however, posted resilient growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 78% against the previous year. Over the period under review, average import prices reached the maximum at $84,121,664 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($46,183,111 per ton), while the price for the Czech Republic ($1,576,000 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 (+58.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of metals; palladium, unwrought or in powder forms from Russia declined to 74 tons, shrinking by -11.6% against the year before. Overall, exports saw a abrupt descent. The smallest decline of -2.4% was in 2021.

In value terms, exports of metals; palladium, unwrought or in powder forms fell sharply to $5B in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year.

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

1. United States (20.4 tons)
2. Japan (14.5 tons)
3. Hong Kong SAR (11.9 tons)
4. Germany (9.4 tons)
5. China (7.6 tons)
6. Italy (6.7 tons)
7. United Kingdom (1.4 tons)
8. South Korea (1.3 tons)

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

For the third year in a row, Russia recorded decline in supplies from abroad of metals; palladium, unwrought or in powder forms, which decreased by -43.1% to 41 kg in 2022. In general, imports recorded a precipitous shrinkage. The smallest decline of -41.8% was in 2020.

In value terms, imports of metals; palladium, unwrought or in powder forms declined rapidly to $1.7M in 2022. Overall, imports continue to indicate a dramatic setback. The smallest decline of -11.5% was in 2020.

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

1. United Arab Emirates (22.0 kg)
2. Uzbekistan (18.0 kg)
3. Czech Republic (1.0 kg)

Source: IndexBox Market Intelligence Platform