India - Cobalt ores - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

India - Cobalt ores - Market Analysis, Forecast, Size, Trends And Insights

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Cobalt Ore Price in India - 2023

Contents:

  1. Cobalt Ore Price in India (CIF) - 2022
  2. Cobalt Ore Price in India (FOB) - 2022
  3. Cobalt Ore Imports in India
  4. Cobalt Ore Exports in India

Cobalt Ore Price in India (CIF) - 2022

In 2022, the average cobalt ore import price amounted to $60,573 per ton, almost unchanged from the previous year. In general, the import price, however, showed prominent growth. The growth pace was the most rapid in 2020 an increase of 63% against the previous year. Over the period under review, average import prices attained the peak figure at $61,210 per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($218,354 per ton), while the price for the United Arab Emirates ($5,006 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Cobalt Ore Price in India (FOB) - 2022

In 2022, the average cobalt ore export price amounted to $6,276 per ton, dropping by -19.4% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42% against the previous year. The export price peaked at $15,642 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($128,254 per ton), while the average price for exports to Nepal ($568 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 South Africa (+29.4%), while the prices for the other major destinations experienced mixed trend patterns.

Cobalt Ore Imports in India

In 2022, after two years of decline, there was significant growth in overseas purchases of cobalt ores, when their volume increased by 10% to 1.9 tons. Overall, imports, however, showed a abrupt decrease.

In value terms, cobalt ore imports expanded notably to $114K in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports attained the peak of $123K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cobalt Ore in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Congo51.057.648.552.30.8%
Democratic Republic of the Congo39.845.037.940.80.8%
South Africa10.411.79.910.60.6%
United Arab Emirates1.41.71.51.76.7%
Tanzania1.01.11.01.00.0%
Others5.16.26.07.513.7%
Total1091231051141.5%

Top Suppliers of Cobalt Ore to India in 2022:

  1. South Africa (948.0 kg)
  2. United Arab Emirates (340.0 kg)
  3. Congo (333.0 kg)
  4. Democratic Republic of the Congo (187.0 kg)
  5. Tanzania (55.0 kg)

Cobalt Ore Exports in India

After two years of decline, overseas shipments of cobalt ores increased by 44% to 18 tons in 2022. In general, exports, however, faced a abrupt decline.

In value terms, cobalt ore exports soared to $112K in 2022. Over the period under review, exports, however, showed a abrupt slump.

Export of Cobalt Ore in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11.33.541.456.871.3%
Netherlands0.70.414.620.5208.2%
Uganda1.80.36.79.473.5%
Ethiopia0.60.22.53.783.4%
Nepal0.30.11.42.397.2%
NigeriaN/A7.3N/AN/A0%
United Arab EmiratesN/A1150.6N/A-99.5%
Iran184N/AN/AN/A0%
Others5.11.329.419.857.2%
Total20412896.6112-18.1%

Top Export Markets for Cobalt Ore from India in 2022:

  1. Netherlands (9.7 tons)
  2. Nepal (4.1 tons)
  3. China (2.8 tons)
  4. Ethiopia (0.8 tons)
  5. Uganda (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cobalt ore market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • India

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in India
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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