Price for Cobalt Ores and Concentrates in Ireland - 2023

Contents:

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

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

The average cobalt ores and concentrates import price stood at $5,847 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50% against the previous year. The import price peaked at $90,044 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 UK amounted to +8.4% per year.

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

In 2020, the average cobalt ores and concentrates export price amounted to $1,380 per ton, declining by -39.5% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $6,812 per ton in 2014; however, from 2015 to 2020, 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 the UK.

From 2012 to 2020, the rate of growth in terms of prices for the UK amounted to -17.4% per year.

Imports of Cobalt Ores and Concentrates in Ireland

For the third year in a row, Ireland recorded decline in purchases abroad of cobalt ores and concentrateses, which decreased by 0% to 27 tons in 2022. Overall, imports saw a significant increase. The smallest decline of -2.1% was in 2020. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, cobalt ores and concentrates imports amounted to $157K in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

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

1. United States (26.8 tons)

Exports of Cobalt Ores and Concentrates in Ireland

Cobalt ores and concentrates exports from Ireland reduced to 173 tons in 2020, falling by -8.8% compared with the previous year's figure. Over the period under review, exports recorded a abrupt downturn.

In value terms, cobalt ores and concentrates exports declined notably to $239K in 2020. Overall, exports saw a dramatic shrinkage.

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

1. United Kingdom (173.1 tons)

Source: IndexBox Market Intelligence Platform