In 2023, the United States leads the global import of rhodium, albeit with a slight decline of 3.02%. Japan witnesses a robust increase of 7.54%, while Germany and the UK experience marginal decreases. Notably, Canada and Poland show significant growth of 14.61% and 15.12% respectively. South Korea faces a decline of over 10%, whereas Switzerland, Portugal, and Israel enjoy positive trends. The most substantial growth is seen in Spain and Israel with rates of 50.12% and 71.91% respectively. Meanwhile, smaller importers like Lebanon and Austria experience notable decreases in demand.
Looking ahead, a focus on sustainability and technological advancements may shape rhodium's import landscape. Demand linked to automotive catalysts and new data-driven strategies will lead importers to adapt, especially amid global emission standards tightening. Emerging markets could play a growing role, influencing trade dynamics.
Top countries in Import of Rhodium Unwrought or in Powder Form Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 29.4 | 2023 | +1.61% | -3.02% | View data |
| 2 | 2 Japan | 23.78 | 2023 | +2.87% | +7.54% | View data |
| 3 | 3 Germany | 15.96 | 2023 | +2.74% | -1.46% | View data |
| 4 | 4 United Kingdom | 8 | 2023 | +2.49% | -1.1% | View data |
| 5 | 5 China | 6.61 | 2023 | -0.75% | -3.6% | View data |
| 6 | 6 Canada | 4.11 | 2023 | +5.48% | +14.61% | View data |
| 7 | 7 Italy | 3.53 | 2023 | +3.03% | -1.18% | View data |
| 8 | 8 Poland | 2.68 | 2023 | +6.94% | +15.12% | View data |
| 9 | 9 Brazil | 1.74 | 2023 | +2.88% | -1.58% | View data |
| 10 | 10 India | 1.64 | 2023 | +5.66% | +3.1% | View data |
