Price for Cobalt Ores and Concentrates in Thailand - 2023

Contents:

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

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

In 2022, the average cobalt ores and concentrates import price amounted to $45,852 per ton, with an increase of 37% against the previous year. In general, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 97%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2015 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +16.1% per year.

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

In 2022, the average cobalt ores and concentrates export price amounted to $93,741 per ton, surging by 32% against the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 6,432%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +215.9% per year.

Imports of Cobalt Ores and Concentrates in Thailand

In 2022, imports of cobalt ores and concentrateses into Thailand shrank remarkably to 250 kg, waning by -29.8% against 2021 figures. In general, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, imports reached the peak of 356 kg, and then shrank dramatically in the following year.

In value terms, cobalt ores and concentrates imports declined to $11K in 2022. Over the period under review, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 76%. As a result, imports reached the peak of $12K, and then declined slightly in the following year.

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

1. Taiwan (Chinese) (250.0 kg)

Exports of Cobalt Ores and Concentrates in Thailand

In 2022, after two years of decline, there was significant growth in shipments abroad of cobalt ores and concentrateses, when their volume increased by 104% to 92 kg. Over the period under review, exports, however, showed a dramatic setback.

In value terms, cobalt ores and concentrates exports soared to $8.7K in 2022. Overall, exports, however, recorded a precipitous shrinkage.

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

1. China (92.0 kg)

Source: IndexBox Market Intelligence Platform