Hong Kong SAR, China - Cobalt - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCobalt Price in Hong Kong SAR - 2023
Contents:
- Cobalt Price in Hong Kong SAR (CIF) - 2022
- Cobalt Price in Hong Kong SAR (FOB) - 2022
- Cobalt Imports in Hong Kong SAR
- Cobalt Exports in Hong Kong SAR
Cobalt Price in Hong Kong SAR (CIF) - 2022
The average cobalt import price stood at $14,509 per ton in 2022, declining by -67.7% against the previous year. In general, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when the average import price increased by 112% against the previous year. As a result, import price reached the peak level of $44,877 per ton, and then contracted dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($41,834 per ton), while the price for Japan ($7,269 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.8%), while the prices for the other major suppliers experienced a decline.
Cobalt Price in Hong Kong SAR (FOB) - 2022
In 2022, the average cobalt export price amounted to $10,710 per ton, falling by -22.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2017 when the average export price increased by 119%. As a result, the export price attained the peak level of $52,134 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($28,410 per ton), while the average price for exports to China ($8,406 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 United States (+0.0%), while the prices for the other major destinations experienced a decline.
Cobalt Imports in Hong Kong SAR
In 2022, supplies from abroad of cobalt was finally on the rise to reach 154 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a pronounced contraction.
In value terms, cobalt imports skyrocketed to $2.2M in 2022. Over the period under review, imports, however, recorded a sharp reduction.
| Import of Cobalt in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 558 | 546 | 674 | 814 | 13.4% |
| Japan | 4,221 | N/A | 50.7 | 560 | -49.0% |
| China | 15.1 | 4.5 | 36.5 | 369 | 190.2% |
| Singapore | 278 | N/A | 36.6 | 361 | 9.1% |
| United States | 32.2 | 6.3 | 5.0 | 107 | 49.2% |
| Belgium | 929 | N/A | N/A | N/A | 0% |
| Madagascar | N/A | 768 | N/A | N/A | 0% |
| Others | 52.3 | 209 | 30.0 | 27.5 | -19.3% |
| Total | 6,086 | 1,534 | 833 | 2,239 | -28.3% |
Top Suppliers of Cobalt to Hong Kong SAR in 2022:
- Japan (77.1 tons)
- China (37.0 tons)
- Germany (19.5 tons)
- Singapore (13.6 tons)
- United States (5.8 tons)
Cobalt Exports in Hong Kong SAR
In 2022, exports of cobalt from Hong Kong SAR soared to 142 tons, rising by 41% compared with 2021 figures. Over the period under review, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 159% against the previous year.
In value terms, cobalt exports stood at $1.5M in 2022. Overall, exports, however, saw a dramatic shrinkage.
| Export of Cobalt in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 0.8 | 0.9 | 1.1 | -20.6% |
| Netherlands | 0.8 | 0.8 | 0.5 | 0.5 | -14.5% |
| United States | 4.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.9 | 1.6 | 1.4 | 1.5 | -39.9% |
Top Export Markets for Cobalt from Hong Kong SAR in 2022:
- China (125.1 tons)
- Netherlands (16.1 tons)
This report provides an in-depth analysis of the cobalt market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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