Price for Cobalt Ores and Concentrates in Finland - 2023

Contents:

1. Price for Cobalt Ores and Concentrates in Finland (CIF) - 2023
2. Price for Cobalt Ores and Concentrates in Finland (FOB) - 2022
3. Imports of Cobalt Ores and Concentrates in Finland
4. Exports of Cobalt Ores and Concentrates in Finland

Price for Cobalt Ores and Concentrates in Finland (CIF) - 2023

In May 2023, the average cobalt ores and concentrates import price amounted to $6,060 per ton, falling by -8.6% against the previous month. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in November 2022 an increase of 7.1% month-to-month. The import price peaked at $14,768 per ton in May 2022; however, from June 2022 to May 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Austria.

From May 2022 to May 2023, the rate of growth in terms of prices for Germany amounted to -3.9% per month.

Price for Cobalt Ores and Concentrates in Finland (FOB) - 2022

The average cobalt ores and concentrates export price stood at $1,170 per ton in 2022, waning by -43.1% against the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2019 when the average export price increased by 313% against the previous year. The export price peaked at $3,000 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($5,265 per ton), while the average price for exports to Canada totaled $658 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+54.9%).

Imports of Cobalt Ores and Concentrates in Finland

For the fourth year in a row, Finland recorded growth in supplies from abroad of cobalt ores and concentrateses, which increased by 8.1% to 1.7K tons in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.9% 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 increased by +59.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cobalt ores and concentrates imports rose remarkably to $17M in 2022. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 134%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Austria (1718.2 tons)

Exports of Cobalt Ores and Concentrates in Finland

In 2022, after three years of growth, there was significant decline in shipments abroad of cobalt ores and concentrateses, when their volume decreased by -89.9% to 18 kg. Over the period under review, exports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of 368% against the previous year. As a result, the exports reached the peak of 178 kg, and then dropped remarkably in the following year.

In value terms, cobalt ores and concentrates exports declined rapidly to $21 in 2022. Overall, exports faced a deep reduction. The growth pace was the most rapid in 2020 when exports increased by 235% against the previous year.

Top Export Markets for Cobalt Ores and Concentrates from Finland in 2022:

1. Canada (16.0 kg)
2. Morocco (2.0 kg)

Source: IndexBox Market Intelligence Platform