Price for Cobalt Ores and Concentrates in Uganda - 2022

Contents:

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

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

In 2022, the average cobalt ores and concentrates export price amounted to $10,058 per ton, increasing by 24% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 133% against the previous year. As a result, the export price reached the peak level of $78,087 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -6.0% per year.

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

In 2022, the average cobalt ores and concentrates import price amounted to $9,670 per ton, stabilizing at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 10%. As a result, import price attained the peak level of $10,252 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($36,600 per ton), while the price for Kenya ($8,558 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cobalt Ores and Concentrates in Uganda

In 2022, after three years of growth, there was significant decline in overseas shipments of cobalt ores and concentrateses, when their volume decreased by -38.6% to 25 tons. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 337% against the previous year. As a result, the exports reached the peak of 40 tons, and then fell remarkably in the following year.

In value terms, cobalt ores and concentrates exports declined significantly to $247K in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 91%. As a result, the exports reached the peak of $324K, and then fell markedly in the following year.

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

1. Netherlands (24.6 tons)

Imports of Cobalt Ores and Concentrates in Uganda

In 2022, the amount of cobalt ores and concentrateses imported into Uganda shrank to 473 kg, which is down by -9.2% compared with the year before. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 22%.

In value terms, cobalt ores and concentrates imports fell to $4.6K in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 25%.

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

1. Thailand (303.0 kg)
2. Kenya (165.0 kg)

Source: IndexBox Market Intelligence Platform