Price for Cobalt Ores and Concentrates in Morocco - 2022

Contents:

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

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

In 2022, the average cobalt ores and concentrates export price amounted to $531 per ton, falling by -38.2% against the previous year. In general, the export price recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 41% against the previous year. The export price peaked at $4,451 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($4,463 per ton), while the average price for exports to Spain amounted to $150 per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+481.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average cobalt ores and concentrates import price stood at $6,702 per ton in October 2022, leveling off at the previous month. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in May 2022 an increase of 31% m-o-m. Over the period under review, average import prices reached the maximum at $13,339 per ton in August 2022; however, from September 2022 to October 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Democratic Republic of the Congo.

From April 2022 to October 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -5.9% per month.

Exports of Cobalt Ores and Concentrates in Morocco

After three years of growth, shipments abroad of cobalt ores and concentrateses decreased by -0.4% to 775 kg in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 2,533% against the previous year.

In value terms, cobalt ores and concentrates exports contracted notably to $412 in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 263%.

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

1. Spain (707.0 kg)
2. Russia (68.0 kg)

Imports of Cobalt Ores and Concentrates in Morocco

In 2022, purchases abroad of cobalt ores and concentrateses decreased by 0% to 2.3K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. As a result, imports reached the peak of 7.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cobalt ores and concentrates imports totaled $27M in 2022. Overall, imports saw a pronounced descent. The smallest decline of -11.2% was in 2020.

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

1. Democratic Republic of the Congo (2.3K tons)

Source: IndexBox Market Intelligence Platform