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

Price for Metals; Rhodium, Unwrought or in Powder Form in Brazil (CIF) - 2024

The average import price for metals; rhodium, unwrought or in powder forms stood at $150M per ton in May 2024, approximately mirroring the previous month. In general, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 5.8% month-to-month. The import price peaked at $255M per ton in May 2023; however, from June 2023 to May 2024, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In May 2024, the country with the highest price was Belgium ($151M per ton), while the price for Germany ($145M per ton) was amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Belgium (-4.0%), while the prices for the other major suppliers experienced a decline.

Price for Metals; Rhodium, Unwrought or in Powder Form in Brazil (FOB) - 2022

In September 2021, the average export price for metals; rhodium, unwrought or in powder forms amounted to $614M per ton, remaining stable against the previous month. Overall, the export price recorded a pronounced increase. The most prominent rate of growth was recorded in April 2021 an increase of 62% m-o-m. As a result, the export price reached the peak level of $792K per kg. From May 2021 to September 2021, the the average export prices failed to regain momentum.

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

From March 2021 to September 2021, the rate of growth in terms of prices for Italy amounted to +3.8% per month.

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

Imports of metals; rhodium, unwrought or in powder forms into Brazil surged to 1.8 tons in 2022, increasing by 16% against 2021 figures. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of metals; rhodium, unwrought or in powder forms dropped to $663M in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 97% against the previous year.

Import of Metals; Rhodium, Unwrought or in Powder Form in Brazil (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	56.1	128	152	166	43.6%
Belgium	20.5	26.8	58.8	110	75.1%
Germany	5.4	22.5	85.3	50.0	110.0%
Italy	0.2	0.3	0.4	1.4	91.3%
United Kingdom	10.8	6.5	3.4	1.4	-49.4%
United States	2.9	4.8	102	N/A	493.1%
Others	97.0	190	308	335	51.2%
Total	193	379	710	663	50.9%

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

Belgium (646.0 kg)
South Africa (374.0 kg)
Germany (95.0 kg)
Italy (33.0 kg)
United Kingdom (6.0 kg)
United States (1.0 kg)

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

In 2021, exports of metals; rhodium, unwrought or in powder forms from Brazil contracted significantly to 6 kg, which is down by -80% compared with the previous year's figure. In general, exports saw a sharp descent.

In value terms, exports of metals; rhodium, unwrought or in powder forms declined sharply to $6.2M in 2021. Over the period under review, exports recorded a precipitous curtailment.