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Global Semi-manufactured palladium Market 2026: world trade, top exporters and key figures

World exports of semi-manufactured palladium (HS 711029) reached $1.89 billion in 2024, 43% less than in 2019. South Africa was the largest exporter with 24% of the world total, and the United Kingdom was the largest buyer.

-43% since 2019

World exports were 43% lower in 2024 than in 2019 ($3.34 billion), calculated from the annual totals

24% of world exports

South Africa was the largest exporter in 2024, with 24% of world exports ($460.4 million)

59% of world exports

The three largest exporters, South Africa, Germany and Switzerland

What this market covers

Palladium in semi-manufactured forms.

Typical segments

  • Palladium sheet
  • Palladium wire
  • Palladium tube
  • Palladium gauze
ChartWorld exports of HS 711029, USD million
World exports of HS 711029, USD million02,0004,0006,0008,0002017: 1,899 USD million1,89920172018: 1,875 USD million20182019: 3,341 USD million20192020: 5,513 USD million20202021: 7,725 USD million20212022: 4,311 USD million20222023: 1,858 USD million20232024: 1,888 USD million1,8882024

Why this market is moving now

  • World trade shrank 43% from 2019 to 2024, a direct read on cross-border demand.
  • Germany is gaining ground: its exports rose 38% from 2019 to 2024, the fastest among the ten largest exporters.

Key figures

Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.

FigureValueYearCite
World exports of semi-manufactured palladium (HS 711029) were worth $1.89 billion in 2024.1.89 USD billion2024
World exports were 43% lower in 2024 than in 2019 ($3.34 billion), calculated from the annual totals.-43 % since 20192024
South Africa was the largest exporter in 2024, with 24% of world exports ($460.4 million).24 % of world exports2024
The three largest exporters, South Africa, Germany and Switzerland, shipped 59% of world exports in 2024.59 % of world exports2024
The United Kingdom was the largest importer in 2024, buying $430.7 million, or 23% of world imports.23 % of world imports2024
27 countries exported more than $1 million of this product in 2024.27 countries2024
The average world export price was about $29,552.33 per kilogram in 2024, calculated from value and weight.29,552.33 USD per kg2024
Countries exported 64 tonnes of this product in 2024.64 tonnes2024
Among the ten largest exporters, Germany grew fastest, with exports up 38% from 2019 to 2024.+38 % since 20192024

Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.

Buyers and suppliers

Who buys

  • Electronics makers
  • Dental suppliers
  • Chemical producers

Largest exporting countries, 2024

  1. South Africa460.4 USD million
  2. Germany331.4 USD million
  3. Switzerland323.1 USD million
  4. Canada215.8 USD million
  5. Russia162.7 USD million
  6. Japan96.7 USD million
  7. United States89.5 USD million
  8. United Kingdom54.0 USD million
  9. Italy32.2 USD million
  10. Hong Kong19.0 USD million

Largest importing countries, 2024

  1. United Kingdom430.7 USD million
  2. United States329.0 USD million
  3. France286.1 USD million
  4. Italy186.0 USD million
  5. Switzerland163.0 USD million
  6. Germany149.9 USD million
  7. Japan52.0 USD million
  8. China46.3 USD million
  9. South Korea40.4 USD million
  10. Canada38.1 USD million

What the full report covers

  1. 01Executive summary
    The answer in one page: size, direction and what moves it
  2. 02Market definition and scope
    What is in and out of the global market
  3. 03Global market size, 2021 to 2025
    Historical series and growth rates
  4. 04Countries and regions
    Demand, supply and trade by country and region
  5. 05Outlook to 2031
    Base, low and high scenarios with stated assumptions
  6. 06Rules, policy and deadlines
    Regulation and programmes that change demand
  7. 07Drivers and barriers
    What accelerates or slows adoption, by customer segment
  8. 08Prices, costs and margins
    Unit economics where public data allows
  9. 09Competitive landscape
    8 to 12 company profiles with recent moves
  10. 10Opportunities and risks
    For new entrants, suppliers and investors
  11. 11Method and assumptions
    How every figure was built

Included with the full report

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  • Excel data pack
  • Ready-to-use charts
  • Method note and assumptions
  • Written to order in 5 working days
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Frequently asked questions

How big is the global semi-manufactured palladium market?

There is no single official market total. World exports of HS 711029 reached $1.89 billion in 2024, a direct measure of cross-border trade.

Which countries export the most semi-manufactured palladium?

South Africa led world exports in 2024 with 24% of the total, followed by Germany, Switzerland and Canada.

Which countries import the most semi-manufactured palladium?

The United Kingdom was the largest importer in 2024, followed by the United States, France and Italy.

Is world trade in semi-manufactured palladium growing?

World exports were 43% lower in 2024 than in 2019.

What is the average export price of semi-manufactured palladium?

Dividing world export value by weight gives about $29,552.33 per kilogram in 2024.

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