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

Contents:

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

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

In April 2024, the average import price for metals; rhodium, unwrought or in powder forms amounted to $99.5M per ton, waning by -30.4% against the previous month. In general, the import price recorded a abrupt setback. The pace of growth was the most pronounced in February 2024 when the average import price increased by 31% month-to-month. The import price peaked at $279M per ton in April 2023; however, from May 2023 to April 2024, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($146M per ton), while the price for South Africa ($88.7M per ton) was amongst the lowest.

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

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

In April 2024, the average export price for metals; rhodium, unwrought or in powder forms amounted to $142M per ton, growing by 2.9% against the previous month. Overall, the export price, however, showed a pronounced downturn. The growth pace was the most rapid in October 2023 when the average export price increased by 10% month-to-month. Over the period under review, the average export prices attained the maximum at $278M per ton in May 2023; however, from June 2023 to April 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($180M per ton), while the average price for exports to Brazil ($37.2M per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (0.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, after three years of growth, there was decline in overseas purchases of metals; rhodium, unwrought or in powder forms, when their volume decreased by -3.2% to 16 tons. The total import volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports reached the peak of 17 tons, and then dropped in the following year.

In value terms, imports of metals; rhodium, unwrought or in powder forms declined markedly to $7.8B in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 206% against the previous year.

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

1. South Africa (6.5 tons)
2. Germany (0.9 tons)
3. United States (0.3 tons)
4. United Kingdom (0.2 tons)
5. Belgium (0.2 tons)
6. South Korea (0.2 tons)
7. Italy (0.1 tons)

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

For the fourth year in a row, Japan recorded growth in overseas shipments of metals; rhodium, unwrought or in powder forms, which increased by 80% to 2.4 tons in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 211% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of metals; rhodium, unwrought or in powder forms soared to $776M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 548%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. South Korea (1134.0 kg)
2. China (241.0 kg)
3. United Kingdom (113.0 kg)
4. United States (48.0 kg)
5. Hong Kong SAR (25.0 kg)
6. Germany (15.0 kg)

Source: IndexBox Market Intelligence Platform