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

Contents:

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

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

In 2022, the average import price for metals; palladium, unwrought or in powder forms amounted to $7,978,254 per ton, dropping by -60.6% against the previous year. In general, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 106%. As a result, import price reached the peak level of $20,236 per kg, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($13,628,721 per ton), while the price for Germany ($721,709 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.7%), while the prices for the other major suppliers experienced a decline.

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

In July 2023, the average export price for metals; palladium, unwrought or in powder forms amounted to $53.1M per ton, rising by 13% against the previous month. In general, the export price, however, recorded a perceptible downturn. The export price peaked at $75.2M per ton in December 2022; afterwards, it flattened through to July 2023.

As there is only one major export destination, the average price level is determined by prices for Italy.

From December 2022 to July 2023, the rate of growth in terms of prices for the UK amounted to 0.0% per month.

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

For the fourth year in a row, Spain recorded growth in purchases abroad of metals; palladium, unwrought or in powder forms, which increased by 149% to 12 tons in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 414% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of metals; palladium, unwrought or in powder forms dropped to $92M in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 960%. As a result, imports reached the peak of $94M, and then dropped in the following year.

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

1. United Kingdom (4.1 tons)
2. South Africa (3.3 tons)
3. Italy (1.9 tons)
4. Germany (1.2 tons)
5. South Korea (1.1 tons)

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

In 2022, shipments abroad of metals; palladium, unwrought or in powder forms decreased by -71.5% to 108 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, the exports attained the peak of 379 kg, and then shrank rapidly in the following year.

In value terms, exports of metals; palladium, unwrought or in powder forms shrank rapidly to $3.9M in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 51%.

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

1. Italy (55.0 kg)
2. Germany (50.0 kg)
3. United Kingdom (2.0 kg)

Source: IndexBox Market Intelligence Platform