Metals; Palladium, Semi-Manufactured Price in Pakistan - 2022

Metals; Palladium, Semi-Manufactured Price in Pakistan (CIF) - 2022

In 2022, the average metals; palladium, semi-manufactured import price amounted to $94,792,500 per ton, growing by 29% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 114%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +13.0% per year.

Metals; Palladium, Semi-Manufactured Imports in Pakistan

For the third consecutive year, Pakistan recorded decline in overseas purchases of metals; palladium, semi-manufactureds, which decreased by -16.7% to 10 kg in 2022. In general, imports showed a drastic downturn. The smallest decline of -7.7% was in 2021.

In value terms, metals; palladium, semi-manufactured imports rose remarkably to $948K in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.