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

Contents:

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

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

The average export price for metals; palladium, unwrought or in powder forms stood at $6,003,750 per ton in 2022, surging by 26% against the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2018 an increase of 70% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +30.9% per year.

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

In 2021, the average import price for metals; palladium, unwrought or in powder forms amounted to $4,001,000 per ton, waning by -71.3% against the previous year. Over the period under review, the import price recorded a abrupt setback. The growth pace was the most rapid in 2018 when the average import price increased by 230% against the previous year. Over the period under review, average import prices hit record highs at $16,354,000 per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -7.8% per year.

Exports of Metals; Palladium, Unwrought or in Powder Form in the Philippines

For the third year in a row, the Philippines recorded decline in overseas shipments of metals; palladium, unwrought or in powder forms, which decreased by -69.2% to 4 kg in 2022. Overall, exports continue to indicate a significant curtailment. The smallest decline of -13.5% was in 2020.

In value terms, exports of metals; palladium, unwrought or in powder forms reduced dramatically to $24K in 2022. In general, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2020 when exports increased by 31%. As a result, the exports reached the peak of $157K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Japan (4.0 kg)

Imports of Metals; Palladium, Unwrought or in Powder Form in the Philippines

In 2021, imports of metals; palladium, unwrought or in powder forms into the Philippines stood at 1 kg, remaining stable against 2020. In general, imports faced a sharp downturn. The smallest decline of -50% was in 2020.

In value terms, imports of metals; palladium, unwrought or in powder forms dropped sharply to $4K in 2021. Overall, imports faced a sharp setback. The smallest decline of -28.4% was in 2020.

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

1. United States (1.0 kg)

Source: IndexBox Market Intelligence Platform