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

Contents:

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

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

In September 2022, the average export price for metals; palladium, unwrought or in powder forms amounted to $18.4M per ton, with an increase of 41% against the previous month. Overall, export price indicated a buoyant increase from June 2022 to September 2022: its price increased at an average monthly rate of +11.7% over the last three-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for metals; palladium, unwrought or in powder forms increased by +41.4% against August 2022 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was India ($39.2M per ton), while the average price for exports to Malaysia stood at $10.5M per ton.

From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (0.0%).

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

The average import price for metals; palladium, unwrought or in powder forms stood at $33,319,513 per ton in 2022, with an increase of 113% against the previous year. Over the period under review, the import price posted a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea ($37,303,211 per ton), while the price for the United States ($6,113,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, approx. 158 kg of metals; palladium, unwrought or in powder forms were exported from Singapore; with an increase of 61% compared with 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 714%. As a result, the exports attained the peak of 179 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of metals; palladium, unwrought or in powder forms expanded markedly to $5.4M in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 879%. As a result, the exports attained the peak of $7.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Metals; Palladium, Unwrought or in Powder Form in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland0.5N/A1.04.6109.5%
Malaysia0.20.30.40.644.2%
ThailandN/A0.20.10.1-29.3%
United KingdomN/A6.72.4N/A-64.2%
United StatesN/AN/A0.8N/A0%
OthersN/A0.1N/A0.10.0%
Total0.77.34.75.497.6%

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

  1. Malaysia (77.0 kg)
  2. Switzerland (75.0 kg)
  3. Thailand (3.0 kg)

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

Imports of metals; palladium, unwrought or in powder forms into Singapore skyrocketed to 154 kg in 2022, rising by 214% against the previous year. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; palladium, unwrought or in powder forms surged to $5.1M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Metals; Palladium, Unwrought or in Powder Form in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South KoreaN/AN/AN/A4,5880%
Germany50.231.5661461109.4%
United States23926310524.5-53.2%
MalaysiaN/A498N/AN/A0%
IndonesiaN/A204N/AN/A0%
Canada50.6N/AN/AN/A0%
Others29.418.8N/A57.124.8%
Total3701,0157675,131140.3%

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

  1. South Korea (123.0 kg)
  2. Germany (24.0 kg)
  3. United States (4.0 kg)

Source: IndexBox Market Intelligence Platform

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