Price for Cobalt; Waste and Scrap in Hong Kong SAR - 2022
Contents:
- Price for Cobalt; Waste and Scrap in Hong Kong SAR (CIF) - 2022
- Price for Cobalt; Waste and Scrap in Hong Kong SAR (FOB) - 2022
- Imports of Cobalt; Waste and Scrap in Hong Kong SAR
- Exports of Cobalt; Waste and Scrap in Hong Kong SAR
Price for Cobalt; Waste and Scrap in Hong Kong SAR (CIF) - 2022
In 2022, the average cobalt; waste and scrap import price amounted to $6,214 per ton, surging by 42% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cobalt; waste and scrap import price increased by +98.1% against 2019 indices. The import price peaked at $7,868 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($99,778 per ton), while the price for South Korea ($4,955 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cobalt; Waste and Scrap in Hong Kong SAR (FOB) - 2022
The average cobalt; waste and scrap export price stood at $4,407 per ton in 2022, with an increase of 27% against the previous year. In general, the export price saw strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 66%. Over the period under review, the average export prices attained the peak figure at $17,957 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, 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 South Korea amounted to +32.0% per year.
Imports of Cobalt; Waste and Scrap in Hong Kong SAR
For the fourth consecutive year, Hong Kong SAR recorded growth in overseas purchases of cobalt; waste and scraps, which increased by 116% to 57 tons in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cobalt; waste and scrap imports soared to $352K in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cobalt; Waste and Scrap in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.7 | 18.2 | 44.1 | 194 | 207.1% |
| Japan | 1.8 | 5.2 | 13.9 | 73.1 | 243.7% |
| United States | 15.0 | 22.0 | 28.6 | 41.3 | 40.2% |
| Germany | 11.3 | 18.0 | 25.5 | 40.1 | 52.5% |
| Others | 2.6 | 2.2 | 2.8 | 4.0 | 15.4% |
| Total | 37.5 | 65.6 | 115 | 352 | 110.9% |
Top Suppliers of Cobalt; Waste and Scrap to Hong Kong SAR in 2022:
- South Korea (39.1 tons)
- Japan (13.9 tons)
- Germany (2.6 tons)
- United States (0.9 tons)
Exports of Cobalt; Waste and Scrap in Hong Kong SAR
In 2022, overseas shipments of cobalt; waste and scraps decreased by -12.9% to 6.6 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 128%. As a result, the exports attained the peak of 7.6 tons, and then shrank in the following year.
In value terms, cobalt; waste and scrap exports rose remarkably to $29K in 2022. Over the period under review, exports showed a abrupt decrease.
| Export of Cobalt; Waste and Scrap in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 39.1 | 32.6 | 12.8 | 29.0 | -9.5% |
| Germany | N/A | N/A | 13.5 | N/A | 0% |
| Netherlands | N/A | 3.9 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 39.1 | 36.5 | 26.3 | 29.0 | -9.5% |
Top Export Markets for Cobalt; Waste and Scrap from Hong Kong SAR in 2022:
- United States (6.6 tons)
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