Price for Metals; Rhodium, Unwrought or in Powder Form in Indonesia - 2022

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

In 2022, the average import price for metals; rhodium, unwrought or in powder forms amounted to $3,294,677 per ton, which is down by -76.5% against the previous year. In general, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 an increase of 129% against the previous year. Over the period under review, average import prices hit record highs at $16,300,356 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($28,630,000 per ton), while the price for China ($617,321 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+90.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for metals; rhodium, unwrought or in powder forms stood at $35,614,000 per ton in 2022, shrinking by -37.5% against the previous year. In general, the export price, however, continues to indicate a mild expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 104%. The export price peaked at $80,322,500 per ton in 2020; however, from 2021 to 2022, 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 Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +1.2% per year.

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

In 2022, purchases abroad of metals; rhodium, unwrought or in powder forms was finally on the rise to reach 62 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; rhodium, unwrought or in powder forms fell rapidly to $204K in 2022. Overall, imports, however, showed a sharp downturn. The smallest decline of -13.5% was in 2021.

Import of Metals; Rhodium, Unwrought or in Powder Form in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	59.2	111	76.4	57.3	-1.1%
China	0.3	0.8	3.2	32.7	377.7%
Italy	59.3	61.8	80.5	23.0	-27.1%
South Korea	9.2	12.1	2.4	11.6	8.0%
Singapore	7.6	2.1	0.2	6.1	-7.1%
Others	435	185	160	73.6	-44.7%
Total	570	373	322	204	-29.0%

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

China (53.0 kg)
South Korea (4.0 kg)
Thailand (2.0 kg)
Italy (2.0 kg)
Singapore (1.0 kg)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of metals; rhodium, unwrought or in powder forms, when their volume decreased by -75% to 1 kg. Over the period under review, exports saw a dramatic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 100% against the previous year. As a result, the exports attained the peak of 4 kg, and then fell notably in the following year.

In value terms, exports of metals; rhodium, unwrought or in powder forms reduced notably to $36K in 2022. In general, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 72% against the previous year.