Price for Cobalt Ores and Concentrates in Nepal - 2022

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

The average cobalt ores and concentrates import price stood at $750 per ton in 2022, which is down by -7.6% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when the average import price decreased by -3.7%. Over the period under review, average import prices attained the maximum at $2,750 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 -12.2% per year.

Imports of Cobalt Ores and Concentrates in Nepal

In 2022, the amount of cobalt ores and concentrateses imported into Nepal surged to 200 kg, growing by 30% on 2021 figures. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cobalt ores and concentrates imports skyrocketed to $150 in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Imports peaked in 2022 and are expected to retain growth in the immediate term.