Price for Cobalt Ores and Concentrates in Turkey - 2023

Contents:

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

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

In 2022, the average cobalt ores and concentrates import price amounted to $5,471 per ton, falling by -45.4% against the previous year. Overall, the import price recorded a significant curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum at $72,120 per ton in 2014; however, from 2015 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 Switzerland ($9,333 per ton), while the price for Italy ($3,333 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average cobalt ores and concentrates export price stood at $7,667 per ton in 2022, growing by 13% against the previous year. Over the period under review, the export price, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 126%. As a result, the export price attained the peak level of $18,000 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkmenistan amounted to +5.2% per year.

Imports of Cobalt Ores and Concentrates in Turkey

In 2022, cobalt ores and concentrates imports into Turkey dropped significantly to 17 kg, shrinking by -98.3% compared with 2021. In general, imports showed a precipitous curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 461%.

In value terms, cobalt ores and concentrates imports declined markedly to $93 in 2022. Overall, imports saw a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year.

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

1. South Africa (6.0 kg)
2. China (5.0 kg)
3. Switzerland (3.0 kg)
4. Italy (3.0 kg)

Exports of Cobalt Ores and Concentrates in Turkey

In 2022, overseas shipments of cobalt ores and concentrateses decreased by -99.9% to 6 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 131%.

In value terms, cobalt ores and concentrates exports reduced markedly to $46 in 2022. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 131%.

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

1. Liberia (6.0 kg)

Source: IndexBox Market Intelligence Platform