Price for Cobalt Ores and Concentrates in Oman - 2021

Contents:

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

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

In 2022, the average cobalt ores and concentrates import price amounted to $38,089 per ton, with a decrease of -63.1% against the previous year. In general, the import price, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 368% against the previous year. As a result, import price attained the peak level of $103,312 per ton, and then reduced sharply in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.9% per year.

Imports of Cobalt Ores and Concentrates in Oman

Cobalt ores and concentrates imports into Oman surged to 632 kg in 2022, picking up by 107% compared with 2021. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,378% against the previous year. As a result, imports attained the peak of 754 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cobalt ores and concentrates imports dropped sharply to $24K in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 813%.

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

1. United Arab Emirates (632.0 kg)

Source: IndexBox Market Intelligence Platform