Price for Cobalt Ores and Concentrates in Bangladesh - 2022

Contents:

  1. Price for Cobalt Ores and Concentrates in Bangladesh (CIF) - 2022
  2. Imports of Cobalt Ores and Concentrates in Bangladesh

Price for Cobalt Ores and Concentrates in Bangladesh (CIF) - 2022

The average cobalt ores and concentrates import price stood at $5,530 per ton in 2022, picking up by 15% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs at $7,328 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2019 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -9.0% per year.

Imports of Cobalt Ores and Concentrates in Bangladesh

In 2022, purchases abroad of cobalt ores and concentrateses decreased by -5.9% to 3.4 tons, falling for the second year in a row after two years of growth. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.0% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 85% against the previous year. As a result, imports attained the peak of 5.1 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cobalt ores and concentrates imports amounted to $19K in 2022. In general, imports continue to indicate a slight slump.

Import of Cobalt Ores and Concentrates in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)20.120.517.519.0-1.9%
OthersN/AN/AN/AN/A0%
Total20.120.517.519.0-1.9%

Top Suppliers of Cobalt Ores and Concentrates to Bangladesh in 2022:

  1. Taiwan (Chinese) (3.4 tons)

Source: IndexBox Market Intelligence Platform

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