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

Contents:

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

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

The average import price for metals; rhodium, unwrought or in powder forms stood at $156,480,091 per ton in 2022, growing by 605% against the previous year. In general, the import price showed strong growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 619%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($250,029,500 per ton), while the price for the UK ($4,562,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+65.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for metals; rhodium, unwrought or in powder forms stood at $374,807,750 per ton in 2022, jumping by 25% against the previous year. Overall, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 427% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($691,675,000 per ton), while the average price for exports to Italy ($45,405,000 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 Germany (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

After two years of decline, purchases abroad of metals; rhodium, unwrought or in powder forms increased by 120% to 11 kg in 2022. In general, imports, however, saw a drastic downturn.

In value terms, imports of metals; rhodium, unwrought or in powder forms surged to $1.7M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (4.0 kg)
2. Germany (3.0 kg)
3. Switzerland (2.0 kg)
4. United Kingdom (1.0 kg)

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

In 2022, overseas shipments of metals; rhodium, unwrought or in powder forms decreased by -55.6% to 4 kg, falling for the second consecutive year after two years of growth. Overall, exports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 38%. As a result, the exports attained the peak of 11 kg. 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 fell rapidly to $1.5M in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 624%.

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

1. Switzerland (2.0 kg)
2. Italy (1.0 kg)
3. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform