Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan - 2023

Contents:

  1. Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan (FOB) - 2023
  2. Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan (CIF) - 2023
  3. Exports of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan
  4. Imports of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan

Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan (FOB) - 2023

The average export price for metals; iridium, osmium, ruthenium, semi-manufactureds stood at $16.3M per ton in July 2023, remaining stable against the previous month. Over the period under review, the export price saw a slight setback. The pace of growth appeared the most rapid in December 2022 an increase of 157% month-to-month. As a result, the export price attained the peak level of $46,173 per kg; afterwards, it flattened through to July 2023.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the United States ($41.4M per ton), while the average price for exports to China ($5.6M per ton) was amongst the lowest.

From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+10.6%), while the prices for the other major destinations experienced a decline.

Price for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan (CIF) - 2023

The average import price for metals; iridium, osmium, ruthenium, semi-manufactureds stood at $2.5M per ton in July 2023, which is down by -80.2% against the previous month. Over the period under review, the import price showed a abrupt decline. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 15% m-o-m. Over the period under review, average import prices reached the maximum at $22.4M per ton in September 2022; afterwards, it flattened through to July 2023.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From September 2022 to July 2023, the rate of growth in terms of prices for Switzerland amounted to 0.0% per month.

Exports of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan

In 2022, the amount of metals; iridium, osmium, ruthenium, semi-manufactureds exported from Japan shrank dramatically to 4 tons, reducing by -31.1% on 2021. In general, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 7.8% against the previous year.

In value terms, metals; iridium, osmium, ruthenium, semi-manufactured exports contracted dramatically to $91M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of $114M, and then shrank rapidly in the following year.

Export of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States24.529.051.051.528.1%
China10.713.713.611.00.9%
Malaysia10.410.118.410.60.6%
Germany12.317.215.28.6-11.2%
Singapore1.01.84.55.475.4%
Taiwan (Chinese)1.42.61.91.88.7%
Others1.83.08.91.91.8%
Total62.177.411490.813.5%

Top Export Markets for Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured from Japan in 2022:

  1. China (1484.0 kg)
  2. Malaysia (1022.0 kg)
  3. United States (816.0 kg)
  4. Singapore (348.0 kg)
  5. Germany (197.0 kg)
  6. Taiwan (Chinese) (80.0 kg)

Imports of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan

In 2022, after three years of growth, there was significant decline in purchases abroad of metals; iridium, osmium, ruthenium, semi-manufactureds, when their volume decreased by -27.2% to 2.1 tons. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 68%.

In value terms, metals; iridium, osmium, ruthenium, semi-manufactured imports declined to $36M in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 138% against the previous year. As a result, imports reached the peak of $42M, and then reduced in the following year.

Import of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)7.813.027.027.852.8%
South AfricaN/A0.41.33.1178.4%
SwitzerlandN/AN/AN/A1.10%
United States6.63.410.70.9-48.5%
Others0.50.72.72.877.6%
Total15.017.541.635.733.5%

Top Suppliers of Metals; Iridium, Osmium, Ruthenium, Semi-Manufactured to Japan in 2022:

  1. Taiwan (Chinese) (1777.0 kg)
  2. South Africa (164.0 kg)
  3. Switzerland (64.0 kg)
  4. United States (50.0 kg)

Source: IndexBox Market Intelligence Platform

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