Price for Cobalt Ores and Concentrates in Hong Kong SAR - 2022

Contents:

1. Price for Cobalt Ores and Concentrates in Hong Kong SAR (CIF) - 2022
2. Price for Cobalt Ores and Concentrates in Hong Kong SAR (FOB) - 2022
3. Imports of Cobalt Ores and Concentrates in Hong Kong SAR
4. Exports of Cobalt Ores and Concentrates in Hong Kong SAR

Price for Cobalt Ores and Concentrates in Hong Kong SAR (CIF) - 2022

In 2022, the average cobalt ores and concentrates import price amounted to $963 per ton, which is down by -43.1% against the previous year. Overall, the import price recorded a drastic downturn. The growth pace was the most rapid in 2017 an increase of 50% against the previous year. Over the period under review, average import prices attained the peak figure at $3,147 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($3,639 per ton), while the price for Zambia ($422 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.6%), while the prices for the other major suppliers experienced a decline.

Price for Cobalt Ores and Concentrates in Hong Kong SAR (FOB) - 2022

The average cobalt ores and concentrates export price stood at $2,615 per ton in 2022, approximately reflecting the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 96% against the previous year. The export price peaked at $3,767 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.7% per year.

Imports of Cobalt Ores and Concentrates in Hong Kong SAR

In 2022, approx. 3.6 tons of cobalt ores and concentrateses were imported into Hong Kong SAR; jumping by 51% on the previous year. In general, imports, however, faced a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 183% against the previous year. As a result, imports reached the peak of 417 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cobalt ores and concentrates imports shrank to $3.4K in 2022. Over the period under review, imports, however, continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 171%. As a result, imports attained the peak of $869K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Cobalt Ores and Concentrates to Hong Kong SAR in 2022:

1. China (3197.0 kg)
2. Zambia (203.0 kg)
3. Belgium (66.0 kg)
4. South Africa (58.0 kg)

Exports of Cobalt Ores and Concentrates in Hong Kong SAR

In 2022, the amount of cobalt ores and concentrateses exported from Hong Kong SAR soared to 295 tons, increasing by 50% compared with 2021 figures. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 205%. As a result, the exports reached the peak of 394 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cobalt ores and concentrates exports soared to $772K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 498%. As a result, the exports reached the peak of $1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Cobalt Ores and Concentrates from Hong Kong SAR in 2022:

1. China (294.5 tons)

Source: IndexBox Market Intelligence Platform