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

Contents:

1. Price for Metals; Rhodium, Unwrought or in Powder Form in Norway (FOB) - 2024
2. Price for Metals; Rhodium, Unwrought or in Powder Form in Norway (CIF) - 2022
3. Exports of Metals; Rhodium, Unwrought or in Powder Form in Norway
4. Imports of Metals; Rhodium, Unwrought or in Powder Form in Norway

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

In May 2024, the average export price for metals; rhodium, unwrought or in powder forms amounted to $144M per ton, growing by 4.2% against the previous month. In general, the export price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in April 2024 an increase of 26% against the previous month. The export price peaked at $217M per ton in May 2023; however, from June 2023 to May 2024, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In May 2024, the country with the highest price was the UK ($162M per ton), while the average price for exports to South Korea stood at $117M per ton.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-3.5%).

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

The average import price for metals; rhodium, unwrought or in powder forms stood at $39,401,228 per ton in 2022, with a decrease of -59.8% against the previous year. In general, the import price, however, recorded a slight expansion. The most prominent rate of growth was recorded in 2017 an increase of 144% against the previous year. The import price peaked at $97,905,659 per ton in 2021, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($58,725,750 per ton), while the price for Italy ($26,291,545 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, approx. 316 kg of metals; rhodium, unwrought or in powder forms were exported from Norway; approximately equating the previous year's figure. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 14%. As a result, the exports attained the peak of 320 kg, and then declined modestly in the following year.

In value terms, exports of metals; rhodium, unwrought or in powder forms reduced notably to $143M in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 150% against the previous year.

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

1. United Kingdom (97.0 kg)
2. South Korea (66.0 kg)

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

In 2022, the amount of metals; rhodium, unwrought or in powder forms imported into Norway soared to 276 kg, with an increase of 21% on 2021 figures. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 226%. As a result, imports reached the peak of 414 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of metals; rhodium, unwrought or in powder forms declined notably to $11M in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 223% against the previous year.

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

1. South Africa (77.0 kg)
2. United Kingdom (34.0 kg)
3. Italy (22.0 kg)
4. Switzerland (4.0 kg)

Source: IndexBox Market Intelligence Platform