Price for Cobalt; Waste and Scrap in Singapore - 2022
Contents:
- Price for Cobalt; Waste and Scrap in Singapore (FOB) - 2022
- Price for Cobalt; Waste and Scrap in Singapore (CIF) - 2022
- Exports of Cobalt; Waste and Scrap in Singapore
- Imports of Cobalt; Waste and Scrap in Singapore
Price for Cobalt; Waste and Scrap in Singapore (FOB) - 2022
In 2022, the average cobalt; waste and scrap export price amounted to $22,042 per ton, rising by 119% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($22,436 per ton), while the average price for exports to the United States amounted to $18,997 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+54.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cobalt; Waste and Scrap in Singapore (CIF) - 2022
In 2022, the average cobalt; waste and scrap import price amounted to $9,106 per ton, which is down by -9.8% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 an increase of 29% against the previous year. The import price peaked at $15,103 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Malaysia ($16,417 per ton), while the price for the United States ($5,748 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+23.4%), while the prices for the other major suppliers experienced a decline.
Exports of Cobalt; Waste and Scrap in Singapore
In 2022, the amount of cobalt; waste and scraps exported from Singapore dropped remarkably to 99 tons, waning by -32% against the previous year's figure. Overall, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year.
In value terms, cobalt; waste and scrap exports skyrocketed to $2.2M in 2022. Over the period under review, exports continue to indicate a mild descent.
Export of Cobalt; Waste and Scrap in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 1,072 | 200 | 676 | 1,960 | 22.3% |
United States | 1,143 | 1,236 | 317 | 215 | -42.7% |
Japan | 25.9 | N/A | 54.7 | N/A | 45.3% |
Netherlands | 61.5 | N/A | 391 | N/A | 152.1% |
Others | N/A | N/A | 23.0 | 0.1 | -99.6% |
Total | 2,303 | 1,435 | 1,462 | 2,175 | -1.9% |
Top Export Markets for Cobalt; Waste and Scrap from Singapore in 2022:
- United Kingdom (87.4 tons)
- United States (11.3 tons)
Imports of Cobalt; Waste and Scrap in Singapore
In 2022, cobalt; waste and scrap imports into Singapore soared to 53 tons, increasing by 51% on the previous year's figure. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 275%. As a result, imports attained the peak of 59 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cobalt; waste and scrap imports soared to $482K in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 385%. As a result, imports reached the peak of $688K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Cobalt; Waste and Scrap in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 112 | 205 | 116 | 234 | 27.8% |
Malaysia | N/A | 472 | 79.0 | 93.4 | -55.5% |
Thailand | N/A | N/A | 26.1 | 82.5 | 216.1% |
United States | 1.4 | N/A | N/A | 37.2 | 198.4% |
Bahrain | N/A | N/A | N/A | 28.7 | 0% |
New Zealand | 23.5 | 8.5 | 2.7 | 6.0 | -36.6% |
Tunisia | N/A | N/A | 67.2 | N/A | 0% |
Australia | N/A | N/A | 62.4 | N/A | 0% |
Others | 4.7 | 2.7 | N/A | N/A | -42.6% |
Total | 142 | 688 | 354 | 482 | 50.3% |
Top Suppliers of Cobalt; Waste and Scrap to Singapore in 2022:
- Japan (31.9 tons)
- United States (6.5 tons)
- Malaysia (5.7 tons)
- Thailand (5.7 tons)
- Bahrain (2.3 tons)
- New Zealand (0.9 tons)
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