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

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

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Cobalt Price in Indonesia - 2022

Contents:

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

Cobalt Price in Indonesia (CIF) - 2022

The average cobalt import price stood at $35,324 per ton in 2022, shrinking by -15.8% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cobalt import price decreased by -34.2% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 29%. The import price peaked at $53,650 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($74,275 per ton), while the price for Hong Kong SAR ($6,184 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Cobalt Price in Indonesia (FOB) - 2022

In 2022, the average cobalt export price amounted to $59,946 per ton, picking up by 48% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of 105% against the previous year. Over the period under review, the average export prices reached the maximum at $68,662 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 UK ($84,897 per ton), while the average price for exports to South Korea ($7,799 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 China (+2.4%).

Cobalt Imports in Indonesia

In 2022, imports of cobalt into Indonesia skyrocketed to 30 tons, increasing by 26% compared with the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cobalt imports expanded remarkably to $1.1M in 2022. Over the period under review, imports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2021 when imports increased by 40%.

Import of Cobalt in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Zambia387198231260-12.4%
South KoreaN/AN/AN/A2130%
Netherlands1751332132085.9%
Canada1261994041321.6%
United States69.322.612.279.04.5%
Uganda47.922.424.026.4-18.0%
MoroccoN/A3.014.819.1152.3%
China67.134.525.916.9-36.8%
Hong Kong SARN/AN/AN/A16.70%
Singapore24468.74.75.1-72.5%
Others10639.179.292.0-4.6%
Total1,2237211,0081,068-4.4%

Top Suppliers of Cobalt to Indonesia in 2022:

  1. Zambia (6.8 tons)
  2. South Korea (4.9 tons)
  3. Netherlands (4.4 tons)
  4. Canada (4.1 tons)
  5. Hong Kong SAR (2.7 tons)
  6. United States (2.4 tons)
  7. Morocco (1.0 tons)
  8. Uganda (1.0 tons)
  9. China (0.7 tons)
  10. Singapore (0.1 tons)

Cobalt Exports in Indonesia

After three years of growth, shipments abroad of cobalt decreased by -30.6% to 4.8 tons in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 482%. As a result, the exports attained the peak of 6.9 tons, and then fell markedly in the following year.

In value terms, cobalt exports expanded slightly to $287K in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 346%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Cobalt in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United KingdomN/AN/AN/A2700%
South KoreaN/AN/AN/A11.50%
China14.062.52796.0-24.6%
OthersN/AN/AN/AN/A0%
Total14.062.5279287173.7%

Top Export Markets for Cobalt from Indonesia in 2022:

  1. United Kingdom (3.2 tons)
  2. South Korea (1.5 tons)
  3. China (0.1 tons)

Source: IndexBox Market Intelligence Platform

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

    • Indonesia

    Data coverage:

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