Price for Cobalt Ores and Concentrates in Ethiopia - 2022

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

In 2022, the average cobalt ores and concentrates import price amounted to $39,833 per ton, rising by 3.9% against the previous year. In general, the import price saw significant growth. The pace of growth was the most pronounced in 2018 an increase of 76% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +24.0% per year.

Imports of Cobalt Ores and Concentrates in Ethiopia

For the third year in a row, Ethiopia recorded decline in supplies from abroad of cobalt ores and concentrateses, which decreased by 0% to 6 kg in 2022. Overall, imports saw a abrupt contraction. The smallest decline of -12.5% was in 2020.

In value terms, cobalt ores and concentrates imports expanded modestly to $239 in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 4.2%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.