Japan - Cobalt - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCobalt Price in Japan - 2023
Contents:
- Cobalt Price in Japan (CIF) - 2022
- Cobalt Price in Japan (FOB) - 2022
- Cobalt Imports in Japan
- Cobalt Exports in Japan
Cobalt Price in Japan (CIF) - 2022
In 2022, the average cobalt import price amounted to $67,303 per ton, growing by 38% against the previous year. Over the period under review, the import price posted a buoyant expansion. The growth pace was the most rapid in 2017 when the average import price increased by 72%. The import price peaked at $68,590 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Finland ($72,148 per ton), while the price for Morocco ($36,680 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cobalt Price in Japan (FOB) - 2022
The average cobalt export price stood at $50,729 per ton in 2022, rising by 30% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cobalt export price increased by +64.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($70,297 per ton), while the average price for exports to Canada ($12,140 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 Belgium (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cobalt Imports in Japan
Cobalt imports into Japan contracted to 7.7K tons in 2022, shrinking by -9.5% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 5.2%.
In value terms, cobalt imports skyrocketed to $519M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Cobalt in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 221 | 175 | 238 | 270 | 6.9% |
| Madagascar | 15.4 | 9.0 | 22.1 | 59.6 | 57.0% |
| Canada | 58.8 | 26.3 | 45.7 | 52.4 | -3.8% |
| China | 18.3 | 11.3 | 19.3 | 26.5 | 13.1% |
| Norway | 15.7 | 14.7 | 20.0 | 25.3 | 17.2% |
| Morocco | 12.5 | 17.5 | 24.4 | 20.9 | 18.7% |
| Australia | 6.4 | 8.5 | 19.6 | 15.4 | 34.0% |
| Others | 50.4 | 26.7 | 27.1 | 48.7 | -1.1% |
| Total | 399 | 289 | 416 | 519 | 9.2% |
Top Suppliers of Cobalt to Japan in 2022:
- Finland (3744.9 tons)
- Madagascar (872.0 tons)
- Canada (863.7 tons)
- Morocco (569.7 tons)
- China (410.2 tons)
- Norway (365.8 tons)
- Australia (260.0 tons)
Cobalt Exports in Japan
In 2022, overseas shipments of cobalt decreased by -14.1% to 2.7K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by 25%. As a result, the exports attained the peak of 3.7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cobalt exports expanded markedly to $136M in 2022. The total export value increased at an average annual rate of +13.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cobalt in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.1 | 40.9 | 38.2 | 50.8 | 12.1% |
| Belgium | 18.9 | 10.5 | 14.6 | 36.3 | 24.3% |
| Netherlands | N/A | 15.9 | 9.6 | 16.6 | 2.2% |
| China | 18.8 | 34.8 | 44.7 | 15.4 | -6.4% |
| South Korea | 3.9 | 3.0 | 4.6 | 7.0 | 21.5% |
| India | 3.6 | 1.4 | 3.2 | 4.2 | 5.3% |
| Australia | 2.5 | 5.0 | 2.8 | 1.0 | -26.3% |
| Canada | N/A | 0.4 | 0.2 | 0.8 | 41.4% |
| Others | 9.8 | 3.5 | 3.9 | 3.8 | -27.1% |
| Total | 93.5 | 115 | 122 | 136 | 13.3% |
Top Export Markets for Cobalt from Japan in 2022:
- United States (831.0 tons)
- Belgium (599.9 tons)
- China (501.9 tons)
- Netherlands (340.5 tons)
- South Korea (157.5 tons)
- Canada (62.9 tons)
- India (59.7 tons)
- Australia (33.8 tons)
This report provides an in-depth analysis of the cobalt market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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