Price for Cobalt Ores and Concentrates in Germany - 2023

Contents:

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

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

In 2022, the average cobalt ores and concentrates export price amounted to $33,757 per ton, increasing by 25% against the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2021 an increase of 41%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($33,861 per ton), while the average price for exports to Turkey stood at $30,730 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+13.6%).

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

In 2022, the average cobalt ores and concentrates import price amounted to $4,575 per ton, shrinking by -92% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 12,656%. As a result, import price attained the peak level of $171,250 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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 Belgium ($12,881 per ton), while the price for the United States ($1,557 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+84.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cobalt Ores and Concentrates in Germany

In 2022, approx. 67 tons of cobalt ores and concentrateses were exported from Germany; growing by 61% on 2021. Overall, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 3,102% against the previous year.

In value terms, cobalt ores and concentrates exports surged to $2.3M in 2022. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 4,430%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Belgium (65.1 tons)
2. Turkey (2.2 tons)

Imports of Cobalt Ores and Concentrates in Germany

In 2022, imports of cobalt ores and concentrateses into Germany surged to 11 tons, picking up by 127% compared with the previous year. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 190% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, cobalt ores and concentrates imports shrank significantly to $52K in 2022. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 2,363%. As a result, imports attained the peak of $286K, and then contracted sharply in the following year.

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

1. United States (8.3 tons)
2. Belgium (3.0 tons)

Source: IndexBox Market Intelligence Platform