Price for Cobalt; Waste and Scrap in South Korea - 2022
Contents:
- Price for Cobalt; Waste and Scrap in South Korea (CIF) - 2022
- Price for Cobalt; Waste and Scrap in South Korea (FOB) - 2022
- Imports of Cobalt; Waste and Scrap in South Korea
- Exports of Cobalt; Waste and Scrap in South Korea
Price for Cobalt; Waste and Scrap in South Korea (CIF) - 2022
In 2022, the average cobalt; waste and scrap import price amounted to $5,818 per ton, with an increase of 106% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. Over the period under review, average import prices attained the peak figure at $7,559 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($12,043 per ton), while the price for Indonesia ($1,139 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cobalt; Waste and Scrap in South Korea (FOB) - 2022
In 2022, the average cobalt; waste and scrap export price amounted to $2,277 per ton, increasing by 46% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58%. Over the period under review, the average export prices attained the maximum at $5,729 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($20,581 per ton), while the average price for exports to Singapore ($1,059 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cobalt; Waste and Scrap in South Korea
In 2022, imports of cobalt; waste and scraps into South Korea shrank to 910 tons, with a decrease of -13% compared with 2021 figures. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 168% against the previous year. As a result, imports reached the peak of 1K tons, and then reduced in the following year.
In value terms, cobalt; waste and scrap imports surged to $5.3M in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 114%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Cobalt; Waste and Scrap in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,003 | 20.2 | 2,285 | 4,723 | 67.6% |
| Indonesia | N/A | 245 | 464 | 165 | -17.9% |
| China | 276 | 7.7 | 7.3 | 24.6 | -55.3% |
| Poland | 51.6 | 23.2 | N/A | N/A | -55.0% |
| Others | 555 | 1,088 | 205 | 380 | -11.9% |
| Total | 1,886 | 1,384 | 2,961 | 5,293 | 41.1% |
Top Suppliers of Cobalt; Waste and Scrap to South Korea in 2022:
- Japan (742.6 tons)
- Indonesia (145.0 tons)
- China (2.0 tons)
Exports of Cobalt; Waste and Scrap in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of cobalt; waste and scraps, when their volume decreased by -11.8% to 893 tons. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 122% against the previous year.
In value terms, cobalt; waste and scrap exports soared to $2M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cobalt; Waste and Scrap in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 106 | 496 | 544 | 634 | 81.5% |
| Japan | 778 | 480 | 558 | 474 | -15.2% |
| Thailand | 167 | 350 | 457 | 382 | 31.8% |
| United Kingdom | 58.8 | 22.9 | 21.2 | 288 | 69.8% |
| Hong Kong SAR | 36.0 | N/A | N/A | 255 | 92.0% |
| Philippines | 139 | N/A | N/A | N/A | 0% |
| Others | 106 | 0.2 | N/A | N/A | -99.8% |
| Total | 1,392 | 1,349 | 1,580 | 2,033 | 13.5% |
Top Export Markets for Cobalt; Waste and Scrap from South Korea in 2022:
- Singapore (599.2 tons)
- Thailand (139.8 tons)
- Hong Kong SAR (115.7 tons)
- Japan (24.3 tons)
- United Kingdom (14.0 tons)
369
This report provides an in-depth analysis of the cobalt market in Republic of Korea.
1269
This report provides an in-depth analysis of the kiwi fruit market in Republic of Korea.
288
This report provides an in-depth analysis of the market for pneumatic filters, regulators and lubricators in Republic of Korea.
1741
This report provides an in-depth analysis of the global cobalt market.
335
This report provides an in-depth analysis of the global cobalt market.
6662
This report provides an in-depth analysis of the global kiwi fruit market.
441
Global Pneumatic Filter Market Report 2018. This report provides an in-depth analysis of the global pneumatic filter market.
369
This report provides an in-depth analysis of the cobalt market in Republic of Korea.
387
This report provides an in-depth analysis of the global cobalt market.
1741
This report provides an in-depth analysis of the global cobalt market.
107
Explore the top import markets for cobalt globally and understand the key players dominating the industry.
555
Explore the top import markets for kiwi fruit, including China, Belgium, Japan, Germany, Spain, Netherlands, United States, France, South Korea, and Italy. Discover key statistics and market trends in this comprehensive article.
1477
For the tenth consecutive year, the global kiwi fruit market recorded growth in sales value, which increased by 6.5%...
2236
New Zealand (417K tons) and Italy (289K tons) were the key exporters of kiwi fruit in 2018, resulting at near 29% and 20% of total exports, respectively.
6578
Global kiwi fruit consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
2863
In 2015, the country with the largest volume of the kiwi fruit output was China (X thousand tons), accounting for X% of global production. Moreover, kiwi fruit output in China exceeded the figures recorded by the world's second largest producer,
1284
New Zealand continued its dominance in the global kiwi fruit trade. In 2014, New Zealand exported X thousand tons of kiwi fruit totaling X million USD, X% over the previous year. Its primary trading partner was Japan, where it supplied X% of it
1439
In value terms, cobalt ores and concentrates imports totaled $X in 2016. Overall, cobalt ores and concentrates imports continue to indicate a deep descent. In that year, global cobalt ores and conc...
1785
In value terms, cobalt imports stood at $X in 2016. In general, cobalt imports continue to indicate a temperate drop. Over the period under review, global cobalt imports reached its maximum level o...
1084
In value terms, cobalt ores and concentrates exports stood at $X in 2016. In general, cobalt ores and concentrates exports continue to indicate a precipitous contraction. Over the period under revie...
