Metals; Rhodium, Semi-Manufactured Price in Brazil - 2022

Metals; Rhodium, Semi-Manufactured Price in Brazil (CIF) - 2022

In 2022, the average metals; rhodium, semi-manufactured import price amounted to $3,761,249 per ton, growing by 37% against the previous year. Overall, the import price enjoyed strong growth. The growth pace was the most rapid in 2013 an increase of 199% against the previous year. Over the period under review, average import prices reached the maximum at $5,476,471 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($10,885,000 per ton), while the price for the United States amounted to $1,384,700 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+39.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Metals; Rhodium, Semi-Manufactured Price in Brazil (FOB) - 2022

In 2022, the average metals; rhodium, semi-manufactured export price amounted to $670,000 per ton, remaining constant against the previous year. Over the period under review, the export price, however, faced a abrupt slump. The growth pace was the most rapid in 2018 when the average export price increased by 101% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,724,000 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +2.1% per year.

Metals; Rhodium, Semi-Manufactured Imports in Brazil

In 2022, the amount of metals; rhodium, semi-manufactureds imported into Brazil skyrocketed to 12 kg, picking up by 33% on 2021. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 171%. As a result, imports reached the peak of 19 kg. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, metals; rhodium, semi-manufactured imports surged to $45K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Metals; Rhodium, Semi-Manufactured in Brazil (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	22.7	13.9	9.3	32.7	12.9%
United States	0.6	19.2	9.8	12.5	175.2%
Italy	11.1	4.9	6.4	N/A	-24.1%
Others	1.6	1.3	0.5	N/A	-44.1%
Total	36.0	39.3	26.0	45.1	7.8%

Top Suppliers of Metals; Rhodium, Semi-Manufactured to Brazil in 2022:

United States (9.0 kg)
Germany (3.0 kg)

Metals; Rhodium, Semi-Manufactured Exports in Brazil

In 2022, the amount of metals; rhodium, semi-manufactureds exported from Brazil totaled 1 kg, almost unchanged from 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, metals; rhodium, semi-manufactured exports totaled $670 in 2022. In general, exports recorded a relatively flat trend pattern.