Price for Cobalt Ores and Concentrates in India - 2023

Contents:

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

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

The average cobalt ores and concentrates import price stood at $79,602 per ton in 2022, reducing by -4.8% against the previous year. Over the period under review, the import price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 32%. The import price peaked at $83,637 per ton in 2021, and then shrank slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +26.0% per year.

Price for Cobalt Ores and Concentrates in India (FOB) - 2022

In 2022, the average cobalt ores and concentrates export price amounted to $6,436 per ton, jumping by 24% against the previous year. Overall, the export price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2019 when the average export price increased by 277% against the previous year. Over the period under review, the average export prices attained the peak figure at $34,767 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($46,897 per ton), while the average price for exports to Nepal ($821 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+500.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cobalt Ores and Concentrates in India

In 2022, overseas purchases of cobalt ores and concentrateses decreased by -48.3% to 450 kg, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 103% against the previous year. As a result, imports attained the peak of 1.7 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cobalt ores and concentrates imports fell notably to $36K in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 97%. As a result, imports attained the peak of $123K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Cobalt Ores and Concentrates to India in 2022:

1. United Kingdom (450.0 kg)

Exports of Cobalt Ores and Concentrates in India

In 2022, shipments abroad of cobalt ores and concentrateses decreased by -23.8% to 21 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,596%. As a result, the exports attained the peak of 46 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cobalt ores and concentrates exports reduced to $136K in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 101%.

Top Export Markets for Cobalt Ores and Concentrates from India in 2022:

1. China (11.3 tons)
2. Nepal (4.1 tons)
3. Ethiopia (3.1 tons)
4. Netherlands (0.9 tons)
5. South Africa (0.6 tons)
6. Uganda (0.6 tons)
7. Sri Lanka (0.3 tons)

Source: IndexBox Market Intelligence Platform