Price for Cobalt; Waste and Scrap in Vietnam - 2021
Contents:
- Price for Cobalt; Waste and Scrap in Vietnam (FOB) - 2022
- Price for Cobalt; Waste and Scrap in Vietnam (CIF) - 2022
- Exports of Cobalt; Waste and Scrap in Vietnam
- Imports of Cobalt; Waste and Scrap in Vietnam
Price for Cobalt; Waste and Scrap in Vietnam (FOB) - 2022
The average cobalt; waste and scrap export price stood at $14,886 per ton in 2022, falling by -5.9% against the previous year. Overall, export price indicated a significant increase from 2019 to 2022: its price increased at an average annual rate of +20.1% over the last three-year period. 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 +73.1% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 38% against the previous year. As a result, the export price attained the peak level of $15,818 per ton, and then fell in the following year.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2019 to 2022, the rate of growth in terms of prices for Japan amounted to +20.1% per year.
Price for Cobalt; Waste and Scrap in Vietnam (CIF) - 2022
In 2021, the average cobalt; waste and scrap import price amounted to $14,736 per ton, picking up by 8.6% against the previous year. Overall, the import price posted significant 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 India.
From 2013 to 2021, the rate of growth in terms of prices for Japan amounted to 0.0% per year.
Exports of Cobalt; Waste and Scrap in Vietnam
Cobalt; waste and scrap exports from Vietnam dropped notably to 368 kg in 2022, declining by -36.1% compared with 2021. In general, exports saw a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 258%.
In value terms, cobalt; waste and scrap exports shrank rapidly to $5.5K in 2022. Over the period under review, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 394%.
| Export of Cobalt; Waste and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.9 | 1.8 | 2.0 | 5.5 | -22.7% |
| United States | N/A | N/A | 7.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.9 | 1.8 | 9.1 | 5.5 | -22.7% |
Top Export Markets for Cobalt; Waste and Scrap from Vietnam in 2022:
- Japan (368.0 kg)
Imports of Cobalt; Waste and Scrap in Vietnam
In 2021, imports of cobalt; waste and scraps into Vietnam declined rapidly to 235 kg, shrinking by -77.8% compared with the year before. Over the period under review, imports showed a significant curtailment.
In value terms, cobalt; waste and scrap imports dropped dramatically to $3.5K in 2021. In general, imports recorded a precipitous descent.
| Import of Cobalt; Waste and Scrap in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| India | N/A | 3.5 | 0% | ||
| Belgium | 0.4 | N/A | 0% | ||
| Others | 13.9 | N/A | 0% | ||
| Total | 14.4 | 3.5 | -75.7% | ||
Top Suppliers of Cobalt; Waste and Scrap to Vietnam in 2022:
- India (235.0 kg)
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