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

Contents:

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

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

The average import price for metals; rhodium, unwrought or in powder forms stood at $430M per ton in December 2022, declining by -4% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 19% against the previous month. The import price peaked at $622M per ton in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were the United States ($607M per ton) and Germany ($516M per ton), while the price for Norway ($429M per ton) and South Africa ($429M per ton) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for metals; rhodium, unwrought or in powder forms stood at $257,230,433 per ton in 2022, shrinking by -2.5% against the previous year. Overall, the export price, however, showed a significant expansion. The growth pace was the most rapid in 2020 an increase of 113% against the previous year. Over the period under review, the average export prices reached the maximum at $263,753,501 per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($583,743,280 per ton), while the average price for exports to the United States ($93,991,667 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 Italy (+333.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Metals; Rhodium, Unwrought or in Powder Form in South Korea

In 2022, approx. 26 tons of metals; rhodium, unwrought or in powder forms were imported into South Korea; increasing by 48% on the previous year. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 195%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of metals; rhodium, unwrought or in powder forms plummeted to $1.8B in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 220%.

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

1. South Africa (5.2 tons)
2. United Kingdom (1.5 tons)
3. Japan (1.3 tons)
4. Russia (1.1 tons)
5. Hong Kong SAR (1.1 tons)
6. Germany (1.0 tons)
7. Belgium (0.8 tons)
8. United States (0.4 tons)

Exports of Metals; Rhodium, Unwrought or in Powder Form in South Korea

Exports of metals; rhodium, unwrought or in powder forms from South Korea skyrocketed to 2.1 tons in 2022, picking up by 43% against the previous year's figure. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 594% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of metals; rhodium, unwrought or in powder forms skyrocketed to $537M in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,382%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. United Kingdom (542.0 kg)
2. China (293.0 kg)
3. Japan (119.0 kg)
4. Canada (90.0 kg)
5. Hong Kong SAR (52.0 kg)
6. Italy (25.0 kg)

Source: IndexBox Market Intelligence Platform