Australia - Cobalt - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCobalt Price in Australia - 2024
Contents:
- Cobalt Price in Australia (FOB) - 2022
- Cobalt Price in Australia (CIF) - 2022
- Cobalt Exports in Australia
- Cobalt Imports in Australia
Cobalt Price in Australia (FOB) - 2022
In 2022, the average cobalt export price amounted to $52,783 per ton, rising by 4.4% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 an increase of 54%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($74,155 per ton), while the average price for exports to China ($40,211 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Cobalt Price in Australia (CIF) - 2022
In 2022, the average cobalt import price amounted to $62,456 per ton, with an increase of 32% against the previous year. In general, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2018 an increase of 63% against the previous year. As a result, import price reached the peak level of $72,624 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($336,904 per ton), while the price for China ($58,073 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Cobalt Exports in Australia
Cobalt exports from Australia soared to 4.1K tons in 2022, surging by 57% compared with 2021 figures. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.0% against 2020 indices.
In value terms, cobalt exports surged to $214M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cobalt in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1.8 | 13.4 | 46.7 | 122 | 307.7% |
| China | 7.1 | 70.3 | 44.3 | 45.7 | 86.0% |
| Netherlands | 82.2 | 38.2 | 1.3 | 19.5 | -38.1% |
| Japan | 5.3 | 3.8 | 22.4 | 12.6 | 33.5% |
| South Korea | 9.1 | 4.5 | 6.4 | 8.6 | -1.9% |
| United States | 6.1 | 0.4 | 6.5 | 5.8 | -1.7% |
| Others | 4.5 | 5.1 | 3.1 | 0.2 | -64.6% |
| Total | 116 | 136 | 131 | 214 | 22.6% |
Top Export Markets for Cobalt from Australia in 2022:
- Taiwan (Chinese) (2130.0 tons)
- China (1137.2 tons)
- Netherlands (262.7 tons)
- Japan (210.0 tons)
- South Korea (209.9 tons)
- United States (100.0 tons)
Cobalt Imports in Australia
In 2022, purchases abroad of cobalt was finally on the rise to reach 188 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a sharp slump.
In value terms, cobalt imports surged to $12M in 2022. Over the period under review, imports, however, saw a abrupt decrease.
| Import of Cobalt in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.1 | 3.3 | 0.1 | 5.2 | 0.6% |
| Japan | 9.1 | 0.7 | 1.7 | 4.9 | -18.6% |
| Canada | 2.6 | N/A | N/A | 1.2 | -22.7% |
| United Kingdom | 0.8 | N/A | 0.1 | 0.2 | -37.0% |
| Norway | 3.0 | N/A | 0.3 | N/A | -68.4% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 20.8 | 4.2 | 2.4 | 11.7 | -17.5% |
Top Suppliers of Cobalt to Australia in 2022:
- China (89.9 tons)
- Japan (75.5 tons)
- Canada (20.0 tons)
- United Kingdom (0.5 tons)
This report provides an in-depth analysis of the cobalt market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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