Price for Cobalt; Waste and Scrap in Indonesia - 2022
Contents:
- Price for Cobalt; Waste and Scrap in Indonesia (FOB) - 2022
- Exports of Cobalt; Waste and Scrap in Indonesia
Price for Cobalt; Waste and Scrap in Indonesia (FOB) - 2022
The average cobalt; waste and scrap export price stood at $3,550 per ton in 2022, rising by 21% against the previous year. Overall, the export price, however, recorded a abrupt decline. Over the period under review, the average export prices reached the peak figure at $14,279 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($15,702 per ton), while the average price for exports to South Korea ($1,566 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 Singapore (-0.6%), while the prices for the other major destinations experienced a decline.
Exports of Cobalt; Waste and Scrap in Indonesia
In 2022, shipments abroad of cobalt; waste and scraps decreased by -72.9% to 47 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 141%.
In value terms, cobalt; waste and scrap exports shrank significantly to $165K in 2022. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of $501K, and then contracted markedly in the following year.
Export of Cobalt; Waste and Scrap in Indonesia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 65.2 | 81.5 | 151 | 58.0 | -3.8% |
South Korea | 65.7 | 145 | 195 | 52.4 | -7.3% |
United Kingdom | 36.8 | 39.4 | 70.8 | 26.3 | -10.6% |
United States | 27.6 | 30.3 | 49.4 | 16.7 | -15.4% |
Japan | 12.7 | 16.0 | 35.0 | 11.7 | -2.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 208 | 312 | 501 | 165 | -7.4% |
Top Export Markets for Cobalt; Waste and Scrap from Indonesia in 2022:
- South Korea (33.4 tons)
- Singapore (6.6 tons)
- United Kingdom (3.5 tons)
- Japan (2.0 tons)
- United States (1.1 tons)
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