Price for Cobalt; Waste and Scrap in the UK - 2023
Contents:
- Price for Cobalt; Waste and Scrap in the UK (CIF) - 2023
- Price for Cobalt; Waste and Scrap in the UK (FOB) - 2022
- Imports of Cobalt; Waste and Scrap in the UK
- Exports of Cobalt; Waste and Scrap in the UK
Price for Cobalt; Waste and Scrap in the UK (CIF) - 2023
In June 2023, the average cobalt; waste and scrap import price amounted to $18,618 per ton, falling by -6.9% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 33% m-o-m. The import price peaked at $26,795 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($29,498 per ton), while the price for Singapore ($3,570 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ireland (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cobalt; Waste and Scrap in the UK (FOB) - 2022
The average cobalt; waste and scrap export price stood at $27,399 per ton in 2022, picking up by 33% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cobalt; waste and scrap export price increased by +45.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 88%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($35,671 per ton), while the average price for exports to Canada ($14,033 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 Canada (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cobalt; Waste and Scrap in the UK
Cobalt; waste and scrap imports into the UK surged to 1.5K tons in 2022, jumping by 36% on the year before. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 112%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, cobalt; waste and scrap imports skyrocketed to $30M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 138%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
Import of Cobalt; Waste and Scrap in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.6 | 2.4 | 6.1 | 12.8 | 70.1% |
Germany | 2.6 | 0.6 | 0.5 | 2.7 | 1.3% |
Netherlands | 2.9 | 1.1 | 1.8 | 2.4 | -6.1% |
China | 0.8 | 0.4 | 0.5 | 2.0 | 35.7% |
France | 1.2 | 1.3 | 2.7 | 1.6 | 10.1% |
Singapore | 0.6 | 0.3 | 1.1 | 1.5 | 35.7% |
Japan | N/A | N/A | 0.2 | 1.2 | 500.0% |
Romania | 0.6 | 0.2 | 0.2 | 1.1 | 22.4% |
Ireland | N/A | N/A | N/A | 0.8 | 0% |
Switzerland | N/A | N/A | 0.3 | 0.7 | 133.3% |
Others | 2.7 | 0.8 | 3.7 | 2.6 | -1.3% |
Total | 14.0 | 7.2 | 17.1 | 29.5 | 28.2% |
Top Suppliers of Cobalt; Waste and Scrap to the UK in 2022:
- United States (574.6 tons)
- Germany (130.6 tons)
- France (105.2 tons)
- Netherlands (91.2 tons)
- China (87.1 tons)
- Singapore (84.9 tons)
- Ireland (71.7 tons)
- Switzerland (71.4 tons)
- Romania (58.2 tons)
- Japan (56.5 tons)
Exports of Cobalt; Waste and Scrap in the UK
In 2022, the amount of cobalt; waste and scraps exported from the UK shrank modestly to 749 tons, flattening at 2021 figures. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 38%.
In value terms, cobalt; waste and scrap exports skyrocketed to $21M in 2022. In general, total exports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.9% 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 +99.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
Export of Cobalt; Waste and Scrap in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 9.1 | 4.7 | 3.7 | 9.8 | 2.5% |
Netherlands | 0.3 | N/A | 2.4 | 2.8 | 110.5% |
Australia | N/A | N/A | N/A | 2.7 | 0% |
Belgium | 1.3 | 1.3 | 4.1 | 1.3 | 0.0% |
Germany | 2.2 | 0.2 | 0.5 | 0.7 | -31.7% |
Canada | N/A | N/A | 0.5 | 0.6 | 20.0% |
Czech Republic | 1.2 | 0.7 | 0.7 | 0.5 | -25.3% |
Finland | 0.2 | N/A | N/A | 0.5 | 35.7% |
France | 2.9 | 1.9 | 1.4 | 0.2 | -59.0% |
Sweden | 1.0 | 0.3 | N/A | N/A | -70.0% |
Others | 1.4 | 1.1 | 2.2 | 1.5 | 2.3% |
Total | 19.4 | 10.3 | 15.6 | 20.5 | 1.9% |
Top Export Markets for Cobalt; Waste and Scrap from the UK in 2022:
- United States (345.6 tons)
- Netherlands (109.4 tons)
- Australia (74.7 tons)
- Belgium (58.9 tons)
- Canada (41.2 tons)
- Germany (38.9 tons)
- Finland (24.5 tons)
- Czech Republic (16.4 tons)
- France (8.5 tons)
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