Price for Cobalt; Waste and Scrap in Thailand - 2023

Contents:

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

Price for Cobalt; Waste and Scrap in Thailand (CIF) - 2022

The average cobalt; waste and scrap import price stood at $91,456 per ton in 2022, surging by 74% against the previous year. Overall, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Morocco.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +7.1% per year.

Price for Cobalt; Waste and Scrap in Thailand (FOB) - 2022

In 2022, the average cobalt; waste and scrap export price amounted to $13,780 per ton, reducing by -3.7% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 an increase of 88% against the previous year. As a result, the export price reached the peak level of $16,025 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($17,549 per ton), while the average price for exports to Singapore amounted to $13,381 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cobalt; Waste and Scrap in Thailand

In 2022, approx. 1.5 tons of cobalt; waste and scraps were imported into Thailand; falling by -72.5% compared with 2021. Overall, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 212% against the previous year. As a result, imports attained the peak of 5.5 tons, and then reduced rapidly in the following year.

In value terms, cobalt; waste and scrap imports fell notably to $137K in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 288%. As a result, imports reached the peak of $287K, and then fell dramatically in the following year.

Import of Cobalt; Waste and Scrap in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Morocco89.073.920813715.5%
Taiwan (Chinese)N/AN/A15.5N/A0%
JapanN/AN/A63.4N/A0%
OthersN/AN/AN/AN/A0%
Total89.073.928713715.5%

Top Suppliers of Cobalt; Waste and Scrap to Thailand in 2022:

  1. Morocco (1.5 tons)

Exports of Cobalt; Waste and Scrap in Thailand

In 2022, approx. 6.4 tons of cobalt; waste and scraps were exported from Thailand; picking up by 66% on the previous year's figure. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 786% against the previous year. As a result, the exports attained the peak of 14 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cobalt; waste and scrap exports soared to $88K in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 952%. As a result, the exports attained the peak of $225K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Cobalt; Waste and Scrap in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SingaporeN/AN/A25.777.1200.0%
Belgium21.415229.110.7-20.6%
GermanyN/A72.7N/AN/A0%
OthersN/A0.4N/AN/A0%
Total21.422554.887.860.1%

Top Export Markets for Cobalt; Waste and Scrap from Thailand in 2022:

  1. Singapore (5.8 tons)
  2. Belgium (0.6 tons)

Source: IndexBox Market Intelligence Platform

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