Price for Cobalt; Waste and Scrap in the Philippines - 2022
Contents:
- Price for Cobalt; Waste and Scrap in the Philippines (FOB) - 2022
- Price for Cobalt; Waste and Scrap in the Philippines (CIF) - 2022
- Exports of Cobalt; Waste and Scrap in the Philippines
- Imports of Cobalt; Waste and Scrap in the Philippines
Price for Cobalt; Waste and Scrap in the Philippines (FOB) - 2022
In 2022, the average cobalt; waste and scrap export price amounted to $11,941 per ton, rising by 71% against the previous year. Overall, the export price recorded noticeable growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 213% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +2.7% per year.
Price for Cobalt; Waste and Scrap in the Philippines (CIF) - 2022
In 2021, the average cobalt; waste and scrap import price amounted to $3,033 per ton, increasing by 72% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. The import price peaked at $3,775 per ton in 2018; however, from 2019 to 2021, 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 Malaysia.
From 2017 to 2021, the rate of growth in terms of prices for Malaysia amounted to -7.2% per year.
Exports of Cobalt; Waste and Scrap in the Philippines
In 2022, approx. 256 kg of cobalt; waste and scraps were exported from the Philippines; waning by -38% compared with the previous year. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 27%.
In value terms, cobalt; waste and scrap exports rose remarkably to $3.1K in 2022. In general, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 6.5%.
| Export of Cobalt; Waste and Scrap in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.3 | 1.6 | 2.9 | 3.1 | -10.3% |
| Singapore | 4.4 | 1.1 | N/A | N/A | -75.0% |
| South Korea | 55.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 64.0 | 2.7 | 2.9 | 3.1 | -63.5% |
Top Export Markets for Cobalt; Waste and Scrap from the Philippines in 2022:
- Japan (256.0 kg)
Imports of Cobalt; Waste and Scrap in the Philippines
In 2021, approx. 12 tons of cobalt; waste and scraps were imported into the Philippines; shrinking by -84.8% against 2020 figures. In general, imports showed a dramatic contraction. The smallest decline of -45.9% was in 2020.
In value terms, cobalt; waste and scrap imports shrank remarkably to $35K in 2021. Overall, imports saw a sharp contraction. The smallest decline of -42.5% was in 2020.
| Import of Cobalt; Waste and Scrap in the Philippines (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Malaysia | 93.2 | 134 | 35.0 | -38.7% |
| South Korea | 139 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 233 | 134 | 35.0 | -61.2% |
Top Suppliers of Cobalt; Waste and Scrap to the Philippines in 2022:
- Malaysia (11.5 tons)
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