Price for Cobalt; Waste and Scrap in Hungary - 2023
Contents:
- Price for Cobalt; Waste and Scrap in Hungary (FOB) - 2022
- Exports of Cobalt; Waste and Scrap in Hungary
Price for Cobalt; Waste and Scrap in Hungary (FOB) - 2022
The average cobalt; waste and scrap export price stood at $13,878 per ton in 2022, with an increase of 47% against the previous year. Over the period under review, the export price recorded a pronounced increase. The growth pace was the most rapid in 2017 when the average export price increased by 84%. The export price peaked in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($13,879 per ton), while the average price for exports to the Netherlands amounted to $13,852 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+30.2%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Cobalt; Waste and Scrap in Hungary
In 2022, shipments abroad of cobalt; waste and scraps decreased by -91.5% to 4 tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 196,071%. As a result, the exports reached the peak of 47 tons, and then reduced dramatically in the following year.
In value terms, cobalt; waste and scrap exports declined dramatically to $55K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 338,072%. As a result, the exports attained the peak of $443K, and then contracted remarkably in the following year.
| Export of Cobalt; Waste and Scrap in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | N/A | 17.0 | 53.3 | 213.5% | |
| Netherlands | 0.1 | N/A | 2.0 | 347.2% | |
| South Korea | N/A | 426 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.1 | 443 | 55.2 | 2249.5% | |
Top Export Markets for Cobalt; Waste and Scrap from Hungary in 2022:
- United Kingdom (3.8 tons)
- Netherlands (0.1 tons)
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