Price for Metals; Rhodium, Unwrought or in Powder Form in the UK - 2024
Contents:
- Price for Metals; Rhodium, Unwrought or in Powder Form in the UK (CIF) - 2024
- Price for Metals; Rhodium, Unwrought or in Powder Form in the UK (FOB) - 2022
- Imports of Metals; Rhodium, Unwrought or in Powder Form in the UK
- Exports of Metals; Rhodium, Unwrought or in Powder Form in the UK
Price for Metals; Rhodium, Unwrought or in Powder Form in the UK (CIF) - 2024
In April 2024, the average import price for metals; rhodium, unwrought or in powder forms amounted to $150M per ton, with an increase of 6.1% against the previous month. Overall, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in February 2024 when the average import price increased by 13% month-to-month. Over the period under review, average import prices attained the peak figure at $291M per ton in April 2023; however, from May 2023 to April 2024, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In April 2024, the countries with the highest prices were Germany ($167M per ton) and Italy ($151M per ton), while the price for Belgium ($139M per ton) and Japan ($143M per ton) were amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Germany (-3.4%), while the prices for the other major suppliers experienced a decline.
Price for Metals; Rhodium, Unwrought or in Powder Form in the UK (FOB) - 2022
The average export price for metals; rhodium, unwrought or in powder forms stood at $291,982,311 per ton in 2022, with an increase of 5.5% against the previous year. In general, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 280% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($544,560,825 per ton), while the average price for exports to China ($125,795,207 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 (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metals; Rhodium, Unwrought or in Powder Form in the UK
In 2022, after three years of growth, there was significant decline in overseas purchases of metals; rhodium, unwrought or in powder forms, when their volume decreased by -43.9% to 15 tons. Over the period under review, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 75% against the previous year.
In value terms, imports of metals; rhodium, unwrought or in powder forms reduced rapidly to $4.7B in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 289%.
| Import of Metals; Rhodium, Unwrought or in Powder Form in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 195 | 605 | 2,158 | 1,131 | 79.7% |
| Belgium | 33.3 | 355 | 464 | 380 | 125.1% |
| Germany | 144 | 680 | 409 | 341 | 33.3% |
| Japan | 45.3 | 39.4 | 57.9 | 194 | 62.4% |
| Italy | 25.0 | 40.7 | 157 | 144 | 79.3% |
| South Korea | 1.1 | 73.0 | 164 | 63.7 | 286.9% |
| Norway | 41.5 | 45.6 | 75.3 | 40.1 | -1.1% |
| Switzerland | 26.4 | 84.5 | 28.0 | 4.2 | -45.8% |
| Others | 529 | 2,126 | 3,797 | 2,423 | 66.1% |
| Total | 1,042 | 4,048 | 7,310 | 4,721 | 65.5% |
Top Suppliers of Metals; Rhodium, Unwrought or in Powder Form to the UK in 2022:
- South Africa (7.3 tons)
- Germany (0.9 tons)
- Belgium (0.8 tons)
- Italy (0.4 tons)
- Japan (0.4 tons)
- South Korea (0.2 tons)
- Norway (0.2 tons)
Exports of Metals; Rhodium, Unwrought or in Powder Form in the UK
In 2022, overseas shipments of metals; rhodium, unwrought or in powder forms decreased by -55.1% to 15 tons, falling for the second year in a row after two years of growth. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 80% against the previous year. As a result, the exports reached the peak of 34 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of metals; rhodium, unwrought or in powder forms declined remarkably to $4.3B in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 237%.
| Export of Metals; Rhodium, Unwrought or in Powder Form in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 318 | 835 | 1,160 | 548 | 19.9% |
| Japan | 42.5 | 681 | 970 | 459 | 121.0% |
| United States | 358 | 851 | 1,034 | 448 | 7.8% |
| China | 88.0 | 467 | 486 | 229 | 37.5% |
| South Korea | 0.1 | 30.9 | 356 | 109 | 929.1% |
| Hong Kong SAR | 69.9 | 183 | 220 | 78.3 | 3.9% |
| Argentina | 15.4 | 16.6 | 40.3 | 47.4 | 45.5% |
| Others | 1,026 | 3,399 | 4,832 | 2,394 | 32.6% |
| Total | 1,918 | 6,463 | 9,097 | 4,313 | 31.0% |
Top Export Markets for Metals; Rhodium, Unwrought or in Powder Form from the UK in 2022:
- United States (3.4 tons)
- Germany (2.7 tons)
- China (1.8 tons)
- Japan (1.0 tons)
- South Korea (0.6 tons)
- Argentina (0.3 tons)
- Hong Kong SAR (0.3 tons)
557
This report provides an in-depth analysis of the platinum market in the UK.
1183
This report provides an in-depth analysis of the global platinum market.
557
This report provides an in-depth analysis of the platinum market in the UK.
1183
This report provides an in-depth analysis of the global platinum market.
268
In February 2023, the platinum price amounted to $33.0M per ton (FOB, United Kingdom), waning by -13.1% against the previous month.
209
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
3053
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
1632
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
2062
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
268
In February 2023, the platinum price amounted to $33.0M per ton (FOB, United Kingdom), waning by -13.1% against the previous month.
209
Explore the top import markets for platinum, with key statistics and insights. China, the United States, and the United Kingdom lead the pack in platinum imports. Find out more.
3053
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
1632
In 2016, approx. X tons of platinum were imported worldwide- jumping by X% against the previous year figure. Overall, it indicated a notable increase from 2007 to 2016: the total imports volume i...
2062
In 2014, the U.S. (X%), Switzerland (X%), the United Kingdom (X%) and Germany (X%) were the main suppliers of platinum into Italy, together making up X% of their total imports. Between 2007 and 2014, Austria had the highest growth rates in
