8/9/2023 0 Comments 1 kg cobalt price![]() In value terms, Singapore ($X) constituted the largest supplier of cobalt to Angola, comprising 52% of total imports. The remaining supplying countries recorded the following average annual rates of imports growth: China (-27.5% per year) and Belgium (+25.8% per year). The third position in this ranking was held by Belgium (X kg), with a 1.9% share.įrom 2012 to 2021, the average annual growth rate of volume from Singapore stood at +43.0%. Moreover, cobalt imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X kg), tenfold. In 2021, Singapore (X kg) constituted the largest supplier of cobalt to Angola, accounting for a 84% share of total imports. Over the period under review, imports hit record highs at $X in 2014 however, from 2015 to 2021, imports stood at a somewhat lower figure. The growth pace was the most rapid in 2017 when imports increased by 190% against the previous year. In general, imports recorded a abrupt descent. In value terms, cobalt imports contracted dramatically to $X in 2021. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year. The growth pace was the most rapid in 2020 when imports increased by 223% against the previous year. Overall, imports recorded a abrupt descent. Cobalt Imports Imports into AngolaĪfter two years of growth, overseas purchases of cobalt decreased by -85.8% to X kg in 2021. ![]() The export price peaked at $X per ton in 2019 however, from 2020 to 2021, the export prices failed to regain momentum.Īs there is only one major export destination, the average price level is determined by prices for Namibia.įrom 2015 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +116.3% per year. The growth pace was the most rapid in 2016 an increase of 173%. In general, the export price saw a significant expansion. The average cobalt export price stood at $X per ton in 2021, jumping by 80% against the previous year. In value terms, Namibia ($X) emerged as the key foreign market for cobalt exports from Angola.įrom 2015 to 2021, the average annual rate of growth in terms of value to Namibia was relatively modest. 100% share of total exports.įrom 2015 to 2021, the average annual growth rate of volume to Namibia was relatively modest. Namibia (X kg) was the main destination for cobalt exports from Angola, accounting for a approx. From 2018 to 2021, the growth of the exports remained at a lower figure. As a result, the exports reached the peak of $X. The pace of growth was the most pronounced in 2017 with an increase of 672% against the previous year. Overall, exports saw a relatively flat trend pattern. In value terms, cobalt exports skyrocketed to $X in 2021. As a result, the exports reached the peak of X kg. The growth pace was the most rapid in 2017 with an increase of 400% against the previous year. In general, exports continue to indicate a sharp contraction. In 2021, the amount of cobalt exported from Angola reduced dramatically to X kg, waning by -33.3% compared with the previous year's figure. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced rapidly in the following year. ![]() Over the period under review, consumption continues to indicate a abrupt curtailment. Angola: Cobalt Market 2022 Cobalt Market Size in AngolaĪfter two years of growth, the Angolan cobalt market decreased by -82.7% to $X in 2021. ![]()
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