Price for Cobalt Ores and Concentrates in Japan - 2021

Contents:

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

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

The average cobalt ores and concentrates import price stood at $22,255 per ton in 2022, picking up by 10% against the previous year. In general, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 68%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($22,565 per ton), while the price for the United States stood at $453 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+19.9%), while the prices for the other major suppliers experienced a decline.

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

The average cobalt ores and concentrates export price stood at $24,939 per ton in 2022, approximately equating the previous year. Over the period under review, the export price posted a significant expansion. The growth pace was the most rapid in 2018 when the average export price increased by 294%. Over the period under review, the average export prices attained the maximum at $35,271 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($274,550 per ton), while the average price for exports to Malaysia ($20,753 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cobalt Ores and Concentrates in Japan

In 2022, approx. 92 kg of cobalt ores and concentrateses were imported into Japan; falling by -54.9% against the year before. Overall, imports faced a sharp downturn.

In value terms, cobalt ores and concentrates imports shrank notably to $2K in 2022. In general, imports continue to indicate a sharp decline.

Import of Cobalt Ores and Concentrates in Japan (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
South Africa4.12.0-51.2%
OthersN/AN/A0%
Total4.12.0-51.2%

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

  1. South Africa (91.0 kg)

Exports of Cobalt Ores and Concentrates in Japan

In 2022, exports of cobalt ores and concentrateses from Japan was estimated at 120 kg, flattening at the previous year. Over the period under review, exports showed a precipitous descent. The smallest decline of -76.5% was in 2020.

In value terms, cobalt ores and concentrates exports totaled $3K in 2022. In general, exports showed a sharp shrinkage. The smallest decline of -83.2% was in 2020.

Export of Cobalt Ores and Concentrates in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Morocco32.55.6N/A2.8-55.8%
United States1.80.2N/A0.1-61.8%
Malaysia0.1N/AN/A0.10.0%
Others1.00.2N/A0.1-53.6%
Total35.56.0N/A3.0-56.1%

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

  1. Morocco (111.0 kg)
  2. Malaysia (4.0 kg)
  3. United States (2.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Cobalt ores and concentrates - Japan