Price for Cobalt Ores and Concentrates in Costa Rica - 2022

Price for Cobalt Ores and Concentrates in Costa Rica (CIF) - 2022

The average cobalt ores and concentrates import price stood at $6,551 per ton in 2022, increasing by 3.4% against the previous year. Overall, the import price, however, showed a deep reduction. The growth pace was the most rapid in 2018 when the average import price increased by 30%. Over the period under review, average import prices hit record highs at $16,040 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -6.0% per year.

Imports of Cobalt Ores and Concentrates in Costa Rica

In 2022, supplies from abroad of cobalt ores and concentrateses decreased by -1.1% to 89 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The smallest decline of -1.1% was in 2020.

In value terms, cobalt ores and concentrates imports expanded modestly to $583 in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.