Price for Metals; Palladium, Unwrought or in Powder Form in Canada - 2024

Contents:

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

Price for Metals; Palladium, Unwrought or in Powder Form in Canada (CIF) - 2024

In June 2023, the average import price for metals; palladium, unwrought or in powder forms amounted to $45.9M per ton, reducing by -6.5% against the previous month. Over the period under review, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 6.7% m-o-m. The import price peaked at $56.3M per ton in January 2023; however, from February 2023 to June 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from the United States ($48.2M per ton) and Italy ($48.0M per ton), while the price for South Africa ($44.2M per ton) and Belgium ($44.8M per ton) were amongst the lowest.

From January 2023 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Metals; Palladium, Unwrought or in Powder Form in Canada (FOB) - 2022

The average export price for metals; palladium, unwrought or in powder forms stood at $66,455,594 per ton in 2022, dropping by -5.1% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 317%. The export price peaked at $70,025,745 per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($74,024,130 per ton), while the average price for exports to Mexico totaled $47,113,778 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+89.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Metals; Palladium, Unwrought or in Powder Form in Canada

After two years of decline, overseas purchases of metals; palladium, unwrought or in powder forms increased by 2,734% to 7.3 tons in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of metals; palladium, unwrought or in powder forms surged to $459M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Metals; Palladium, Unwrought or in Powder Form in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States7.18.47.7249227.3%
South Africa1.6N/AN/A121322.9%
South KoreaN/AN/AN/A47.30%
Germany6.21.60.913.329.0%
BelgiumN/AN/AN/A12.30%
ItalyN/AN/A1.28.2583.3%
Russia18.914.1N/AN/A-25.4%
OthersN/A0.1N/A7.4760.2%
Total33.924.39.8459138.3%

Top Suppliers of Metals; Palladium, Unwrought or in Powder Form to Canada in 2022:

  1. United States (4.0 tons)
  2. South Africa (1.8 tons)
  3. South Korea (0.7 tons)
  4. Germany (0.2 tons)
  5. Belgium (0.2 tons)
  6. Italy (0.1 tons)

Exports of Metals; Palladium, Unwrought or in Powder Form in Canada

In 2022, approx. 32 kg of metals; palladium, unwrought or in powder forms were exported from Canada; dropping by -37.3% on 2021. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 8.5%.

In value terms, exports of metals; palladium, unwrought or in powder forms shrank sharply to $2.1M in 2022. Overall, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 58% against the previous year.

Export of Metals; Palladium, Unwrought or in Powder Form in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.11.63.01.7157.1%
Mexico0.40.70.60.40.0%
Germany3.1N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total3.72.33.62.1-17.2%

Top Export Markets for Metals; Palladium, Unwrought or in Powder Form from Canada in 2022:

  1. United States (23.0 kg)
  2. Mexico (9.0 kg)

Source: IndexBox Market Intelligence Platform

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