Price for Cobalt; Waste and Scrap in South Africa - 2023
Contents:
- Price for Cobalt; Waste and Scrap in South Africa (FOB) - 2022
- Exports of Cobalt; Waste and Scrap in South Africa
Price for Cobalt; Waste and Scrap in South Africa (FOB) - 2022
The average cobalt; waste and scrap export price stood at $14,639 per ton in 2022, surging by 9.8% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 58%. The export price peaked at $23,371 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($16,641 per ton), while the average price for exports to the Netherlands ($11,995 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 the Netherlands (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Cobalt; Waste and Scrap in South Africa
In 2022, exports of cobalt; waste and scraps from South Africa soared to 11 tons, jumping by 53% compared with the year before. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cobalt; waste and scrap exports soared to $156K in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cobalt; Waste and Scrap in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 69.2 | 38.3 | 15.8 | 96.2 | 11.6% |
| Netherlands | N/A | 28.7 | 59.7 | 31.0 | 3.9% |
| United Kingdom | 12.6 | N/A | 13.3 | 23.5 | 23.1% |
| Belgium | N/A | 25.0 | 3.6 | N/A | -85.6% |
| Others | N/A | N/A | 1.0 | 5.4 | 440.0% |
| Total | 81.7 | 92.1 | 93.2 | 156 | 24.1% |
Top Export Markets for Cobalt; Waste and Scrap from South Africa in 2022:
- Germany (6.7 tons)
- Netherlands (2.6 tons)
- United Kingdom (1.4 tons)
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