Price for Metals; Rhodium, Unwrought or in Powder Form in Belgium - 2024

Contents:

1. Price for Metals; Rhodium, Unwrought or in Powder Form in Belgium (FOB) - 2024
2. Price for Metals; Rhodium, Unwrought or in Powder Form in Belgium (CIF) - 2022
3. Exports of Metals; Rhodium, Unwrought or in Powder Form in Belgium
4. Imports of Metals; Rhodium, Unwrought or in Powder Form in Belgium

Price for Metals; Rhodium, Unwrought or in Powder Form in Belgium (FOB) - 2024

In March 2024, the average export price for metals; rhodium, unwrought or in powder forms amounted to $146M per ton, rising by 1.6% against the previous month. In general, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in February 2024 an increase of 20% against the previous month. The export price peaked at $311M per ton in March 2023; however, from April 2023 to March 2024, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In March 2024, the country with the highest price was South Korea ($177M per ton), while the average price for exports to the United States ($143M per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-6.0%), while the prices for the other major destinations experienced a decline.

Price for Metals; Rhodium, Unwrought or in Powder Form in Belgium (CIF) - 2022

In 2022, the average import price for metals; rhodium, unwrought or in powder forms amounted to $65,397,867 per ton, waning by -48.1% against the previous year. Overall, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 337% against the previous year. As a result, import price reached the peak level of $142,715 per kg. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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 Poland ($76,864,502 per ton), while the price for India ($158,398 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.4%).

Exports of Metals; Rhodium, Unwrought or in Powder Form in Belgium

In 2022, the amount of metals; rhodium, unwrought or in powder forms exported from Belgium contracted notably to 8.3 tons, falling by -21.5% compared with 2021. Over the period under review, exports recorded a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports reached the peak of 11 tons, and then shrank rapidly in the following year.

In value terms, exports of metals; rhodium, unwrought or in powder forms reduced to $2.5B in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 82%. As a result, the exports reached the peak of $2.8B, and then declined in the following year.

Top Export Markets for Metals; Rhodium, Unwrought or in Powder Form from Belgium in 2022:

1. United States (3.6 tons)
2. Germany (3.5 tons)
3. United Kingdom (0.9 tons)

Imports of Metals; Rhodium, Unwrought or in Powder Form in Belgium

In 2022, imports of metals; rhodium, unwrought or in powder forms into Belgium skyrocketed to 13 tons, picking up by 408% against 2021. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 883%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of metals; rhodium, unwrought or in powder forms soared to $823M in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 1,576% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Metals; Rhodium, Unwrought or in Powder Form to Belgium in 2022:

1. Germany (11.3 tons)
2. Sweden (0.5 tons)
3. Poland (0.3 tons)
4. India (0.2 tons)

Source: IndexBox Market Intelligence Platform