Price for Metals; Rhodium, Unwrought or in Powder Form in Singapore - 2023

Contents:

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

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

The average export price for metals; rhodium, unwrought or in powder forms stood at $534,884,080 per ton in 2022, jumping by 31% against the previous year. In general, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 an increase of 265%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($874,209,625 per ton), while the average price for exports to Indonesia ($3,322,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+79.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for metals; rhodium, unwrought or in powder forms stood at $59,153,476 per ton in 2022, dropping by -17.2% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 when the average import price increased by 66%. As a result, import price attained the peak level of $71,442 per kg, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($507,030,000 per ton), while the price for China ($98,250 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+76.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of metals; rhodium, unwrought or in powder forms from Singapore fell to 75 kg, reducing by -8.5% compared with the year before. In general, exports showed a drastic downturn. The smallest decline of -4.7% was in 2021.

In value terms, exports of metals; rhodium, unwrought or in powder forms soared to $40M in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 245%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Germany (17.0 kg)
2. Italy (8.0 kg)
3. United Kingdom (8.0 kg)
4. Hong Kong SAR (8.0 kg)
5. Japan (7.0 kg)
6. Indonesia (2.0 kg)
7. United States (1.0 kg)
8. Malaysia (1.0 kg)
9. Switzerland (1.0 kg)

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

In 2022, overseas purchases of metals; rhodium, unwrought or in powder forms were finally on the rise to reach 84 kg after two years of decline. Over the period under review, imports, however, recorded a dramatic decline.

In value terms, imports of metals; rhodium, unwrought or in powder forms reached $5M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 4% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. India (36.0 kg)
2. Malaysia (18.0 kg)
3. United States (15.0 kg)
4. China (4.0 kg)
5. South Korea (3.0 kg)
6. United Kingdom (2.0 kg)

Source: IndexBox Market Intelligence Platform