Canada - Cobalt - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Canada - Cobalt - Market Analysis, Forecast, Size, Trends And Insights

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Cobalt Price in Canada - 2024

Contents:

  1. Cobalt Price in Canada (FOB) - 2022
  2. Cobalt Price in Canada (CIF) - 2022
  3. Cobalt Exports in Canada
  4. Cobalt Imports in Canada

Cobalt Price in Canada (FOB) - 2022

The average cobalt export price stood at $66,636 per ton in 2022, with an increase of 45% against the previous year. Overall, the export price showed a prominent increase. The growth pace was the most rapid in 2017 when the average export price increased by 56% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($72,436 per ton) and Taiwan (Chinese) ($72,036 per ton), while the average price for exports to the United States ($55,712 per ton) and Norway ($66,059 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cobalt Price in Canada (CIF) - 2022

The average cobalt import price stood at $28,337 per ton in 2022, surging by 46% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $33,558 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($68,047 per ton), while the price for France ($10,686 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.1%), while the prices for the other major suppliers experienced a decline.

Cobalt Exports in Canada

Cobalt exports from Canada reduced to 8.8K tons in 2022, with a decrease of -5.7% against the previous year's figure. In general, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 9.3%. As a result, the exports attained the peak of 9.4K tons, and then fell in the following year.

In value terms, cobalt exports surged to $589M in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Cobalt in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway58.673.913216340.6%
Japan56.526.342.580.812.7%
Netherlands35.419.666.175.328.6%
China26.651.077.471.138.8%
Belgium26.310.626.853.126.4%
United States87.161.134.046.5-18.9%
Taiwan (Chinese)5.76.326.642.695.5%
Others23.520.226.456.634.0%
Total32026943258922.6%

Top Export Markets for Cobalt from Canada in 2022:

  1. Norway (2.5K tons)
  2. Japan (1.2K tons)
  3. China (1.1K tons)
  4. Netherlands (1.0K tons)
  5. United States (0.8K tons)
  6. Belgium (0.8K tons)
  7. Taiwan (Chinese) (0.6K tons)

Cobalt Imports in Canada

Cobalt imports into Canada skyrocketed to 1.7K tons in 2022, jumping by 17% against 2021 figures. Overall, imports continue to indicate temperate growth. The pace of growth appeared the most rapid in 2021 when imports increased by 220% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, cobalt imports skyrocketed to $48M in 2022. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 160% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Cobalt in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia5.1N/A5.413.839.3%
FinlandN/AN/A4.012.6215.0%
South Africa3.30.23.89.441.8%
United States3.12.02.94.513.2%
Belgium13.20.72.83.2-37.6%
France1.30.10.22.930.7%
Switzerland6.03.12.6N/A-34.2%
Madagascar0.73.92.1N/A73.2%
Others2.70.94.51.2-23.7%
Total35.410.828.147.810.5%

Top Suppliers of Cobalt to Canada in 2022:

  1. Australia (618.8 tons)
  2. France (269.7 tons)
  3. Belgium (268.5 tons)
  4. South Africa (206.5 tons)
  5. Finland (185.7 tons)
  6. United States (122.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cobalt market in Canada. 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:

    • Canada

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Canada
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 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
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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