Price for Cobalt Ores and Concentrates in Vietnam - 2022

Contents:

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

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

In 2022, the average cobalt ores and concentrates export price amounted to $11,801 per ton, reducing by -2.2% against the previous year. In general, the export price, however, posted significant growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 80%. Over the period under review, the average export prices hit record highs at $12,064 per ton in 2021, and then fell slightly in the following year.

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 China amounted to +24.2% per year.

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

The average cobalt ores and concentrates import price stood at $4,303 per ton in 2022, surging by 1.7% against the previous year. In general, the import price, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2016 an increase of 74% against the previous year. Over the period under review, average import prices hit record highs at $5,748 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,336 per ton), while the price for Belgium ($3,695 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the prices for the other major suppliers experienced a decline.

Exports of Cobalt Ores and Concentrates in Vietnam

After two years of decline, shipments abroad of cobalt ores and concentrateses increased by 5.7% to 15 tons in 2022. Overall, exports, however, showed a deep contraction.

In value terms, cobalt ores and concentrates exports totaled $182K in 2022. Over the period under review, exports, however, showed a perceptible curtailment.

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

1. China (15.5 tons)

Imports of Cobalt Ores and Concentrates in Vietnam

After two years of decline, supplies from abroad of cobalt ores and concentrateses increased by 47% to 24 tons in 2022. Overall, imports, however, recorded a deep downturn.

In value terms, cobalt ores and concentrates imports surged to $102K in 2022. In general, imports, however, recorded a abrupt shrinkage.

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

1. South Korea (15.6 tons)
2. United States (8.0 tons)

Source: IndexBox Market Intelligence Platform