Price for Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR - 2024
Contents:
- Price for Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR (CIF) - 2024
- Price for Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR (FOB) - 2024
- Imports of Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR
- Exports of Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR
Price for Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR (CIF) - 2024
In March 2024, the average import price for metals; rhodium, unwrought or in powder forms amounted to $144M per ton, remaining constant against the previous month. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 16% month-to-month. Over the period under review, average import prices attained the peak figure at $359M per ton in March 2023; however, from April 2023 to March 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In March 2024, the countries with the highest prices were the UK ($151M per ton) and Russia ($146M per ton), while the price for South Africa ($141M per ton) and Japan ($141M 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 Russia (-5.1%), while the prices for the other major suppliers experienced a decline.
Price for Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR (FOB) - 2024
In March 2024, the average export price for metals; rhodium, unwrought or in powder forms amounted to $173M per ton, picking up by 16% against the previous month. In general, the export price, however, saw a abrupt contraction. The growth pace was the most rapid in January 2024 an increase of 17% month-to-month. The export price peaked at $371M per ton in March 2023; however, from April 2023 to March 2024, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From March 2023 to March 2024, the rate of growth in terms of prices for the UK amounted to -4.1% per month.
Imports of Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR
In 2022, the amount of metals; rhodium, unwrought or in powder forms imported into Hong Kong SAR declined sharply to 3.6 tons, reducing by -39.1% on the previous year. Overall, imports saw a sharp curtailment. The smallest decline of -5.6% was in 2020.
In value terms, imports of metals; rhodium, unwrought or in powder forms reduced rapidly to $1.4B in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 114%.
| Import of Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.7 | 132 | 148 | 183 | 122.1% |
| South Africa | 157 | 283 | 482 | 172 | 3.1% |
| Russia | 9.3 | 16.8 | N/A | 138 | 145.7% |
| Japan | 97.1 | 170 | 320 | 105 | 2.6% |
| United Kingdom | 68.9 | 169 | 193 | 83.6 | 6.7% |
| South Korea | 1.0 | 13.0 | 42.4 | 18.6 | 165.0% |
| Germany | 29.9 | 26.8 | 10.0 | 0.3 | -78.4% |
| Switzerland | N/A | N/A | 20.2 | N/A | 0% |
| Others | 380 | 811 | 1,216 | 700 | 22.6% |
| Total | 759 | 1,622 | 2,432 | 1,399 | 22.6% |
Top Suppliers of Metals; Rhodium, Unwrought or in Powder Form to Hong Kong SAR in 2022:
- South Africa (761.0 kg)
- United States (454.0 kg)
- Russia (367.0 kg)
- Japan (250.0 kg)
- United Kingdom (169.0 kg)
- South Korea (49.0 kg)
- Germany (3.0 kg)
Exports of Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR
In 2022, overseas shipments of metals; rhodium, unwrought or in powder forms decreased by -14.8% to 2.6 tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 447% against the previous year. As a result, the exports reached the peak of 4.3 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of metals; rhodium, unwrought or in powder forms declined significantly to $1.1B in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,111%.
| Export of Metals; Rhodium, Unwrought or in Powder Form in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.0 | 258 | 651 | 516 | 186.2% |
| United States | 2.3 | 22.9 | 22.7 | 21.3 | 110.0% |
| Japan | 8.8 | 263 | 99.5 | 12.9 | 13.6% |
| United Kingdom | 0.6 | 13.4 | 43.5 | 9.6 | 152.0% |
| South Korea | 7.1 | 6.4 | N/A | N/A | -9.9% |
| Others | 52.5 | 565 | 825 | 560 | 120.1% |
| Total | 93.2 | 1,129 | 1,642 | 1,120 | 129.1% |
Top Export Markets for Metals; Rhodium, Unwrought or in Powder Form from Hong Kong SAR in 2022:
- China (1066.0 kg)
- United States (277.0 kg)
- Japan (42.0 kg)
- United Kingdom (24.0 kg)
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In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
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