Which Country Imports the Most Cobalt in the World?

Global cobalt imports totaled X tonnes in 2016, remaining stable against the previous year level. In general, cobalt imports continue to indicate a remarkable growth. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. Global cobalt import peaked of X tonnes in 2015, leveling off in the following year.

In value terms, cobalt imports stood at $X in 2016. In general, cobalt imports continue to indicate a temperate drop. Over the period under review, global cobalt imports reached its maximum level of $X in 2008; however, from 2009 to 2016, it failed to regain its strength.

Top Cobalt Importing Countries in the World

X. China (X million USD)

X. Japan (X million USD)

X. United Kingdom (X million USD)

X. Norway (X million USD)

X. Netherlands (X million USD)

X. Canada (X million USD)

X. Russia (X million USD)

X. Australia (X million USD)

X. Zambia (X million USD)

X. Congo (X million USD)

Cobalt Imports By Country

China (X tonnes) prevails in cobalt imports structure, accounting for X tonnes, which was approx. X% of total imports in 2016. It was distantly followed by Canada (X tonnes), creating X% share of total cobalt imports. Congo (X tonnes), Russia (X tonnes), Zambia (X tonnes), the Netherlands (X tonnes), Japan (X tonnes), the UK (X tonnes), Norway (X tonnes), and Australia (X tonnes) occupied the minor share of total imports.

China was also the fastest growing in terms of the cobalt imports, with a CAGR of +X% from 2007 to 2016. At the same time, the Netherlands (+X%), Canada (+X%), Congo (+X%), and Zambia (+X%) displayed positive paces of growth. Russia, and the UK experienced a relatively flat trend pattern. By contrast, Norway (-X%), Australia (-X%), and Japan (-X%) illustrated a downward trend over the same period. Japan (X%) significantly strengthened its position in terms of the global imports, while China saw its share reduced by -X% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cobalt worldwide, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with the share of X% of global imports. It was followed by the UK, with the share of X%.

From 2007 to 2016, the average annual growth rate of value of cobalt imports in China stood at +X%. In the other countries, the average annual rates were as follows: Japan (-X% per year) and the UK (-X% per year).

Cobalt Import Prices By Country

The average cobalt import price stood at $X per tonne in 2016, standing approx. at the previous year level. In general, cobalt import price continues to indicate a abrupt drop. The pace of growth was the most pronounced in 2014, when import price increased by X% against the previous year level. Over the period under review, average cobalt import price reached its maximum level of $X per kg in 2008; however, from 2009 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was Japan ($X per kg), while Congo ($X per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of cobalt import prices was attained by Russia (+X% per year), while the other global leaders experienced mixed trends in the import price figures.

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This article was written on the product's HS-code: X.

Source: IndexBox Platform