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

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

In March 2024, the average import price for metals; rhodium, unwrought or in powder forms amounted to $145M per ton, flattening at the previous month. Overall, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 24% month-to-month. The import price peaked at $315M per ton in March 2023; however, from April 2023 to March 2024, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In March 2024, the countries with the highest prices were South Korea ($146M per ton) and Germany ($145M per ton), while the price for Belgium ($144M per ton) and South Africa ($145M per ton) were amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (-2.8%), while the prices for the other major suppliers experienced a decline.

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

The average export price for metals; rhodium, unwrought or in powder forms stood at $20,016,647 per ton in 2021, dropping by -67.7% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 878%. The export price peaked at $91,825,333 per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($116,499,500 per ton), while the average price for exports to the United States amounted to $9,307,337 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+54.3%).

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

After three years of growth, supplies from abroad of metals; rhodium, unwrought or in powder forms decreased by -56.5% to 1.4 tons in 2022. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 41% against the previous year.

In value terms, imports of metals; rhodium, unwrought or in powder forms plummeted to $591M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 273% against the previous year.

Import of Metals; Rhodium, Unwrought or in Powder Form in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	54.3	227	327	135	35.5%
Russia	4.3	10.9	79.7	63.9	145.9%
Belgium	21.8	73.4	176	52.8	34.3%
Germany	1.3	39.0	71.5	24.4	165.8%
Italy	14.5	51.0	41.5	20.9	13.0%
United States	3.0	4.3	10.3	12.6	61.3%
South Korea	0.9	2.3	15.4	10.1	123.9%
United Kingdom	10.6	2.5	6.5	5.7	-18.7%
Others	110	415	917	266	34.2%
Total	221	826	1,645	591	38.8%

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

South Africa (334.0 kg)
Belgium (116.0 kg)
Russia (97.0 kg)
Italy (65.0 kg)
Germany (52.0 kg)
United States (43.0 kg)
South Korea (43.0 kg)
United Kingdom (16.0 kg)

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

For the third consecutive year, Canada recorded growth in shipments abroad of metals; rhodium, unwrought or in powder forms, which increased by 923% to 266 kg in 2021. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of metals; rhodium, unwrought or in powder forms soared to $5.3M in 2021. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.