Price for Cobalt Ores and Concentrates in Guatemala - 2023

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

In 2022, the average cobalt ores and concentrates import price amounted to $45,500 per ton, approximately mirroring the previous year. Overall, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 79%. Over the period under review, average import prices attained the maximum at $73,556 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Argentina ($80,759 per ton), while the price for Mexico stood at $31,867 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cobalt Ores and Concentrates in Guatemala

Cobalt ores and concentrates imports into Guatemala totaled 104 kg in 2022, stabilizing at the previous year's figure. In general, imports saw a significant expansion. The smallest decline of 99.9% was in 2021. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cobalt ores and concentrates imports stood at $4.7K in 2022. Overall, imports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2021. Imports peaked in 2022 and are expected to retain growth in the near future.