Malaysia - Cobalt - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 5, 2024

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

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Cobalt Price in Malaysia - 2024

Contents:

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

Cobalt Price in Malaysia (CIF) - 2022

In 2022, the average cobalt import price amounted to $5,500 per ton, reducing by -32% against the previous year. In general, the import price saw a drastic downturn. The growth pace was the most rapid in 2016 when the average import price increased by 69%. As a result, import price reached the peak level of $40,277 per ton. From 2017 to 2022, the average 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 Malawi ($6,898 per ton), while the price for South Korea ($467 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-11.6%), while the prices for the other major suppliers experienced a decline.

Cobalt Price in Malaysia (FOB) - 2022

In 2022, the average cobalt export price amounted to $9,311 per ton, reducing by -9.7% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 173%. The export price peaked at $63,194 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($9,174 per ton), while the average price for exports to Singapore stood at $4,529 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+171.7%), while the prices for the other major destinations experienced a decline.

Cobalt Imports in Malaysia

In 2022, imports of cobalt into Malaysia skyrocketed to 15K tons, rising by 177% compared with the year before. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cobalt imports soared to $83M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cobalt in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
South AfricaN/AN/A5.758.4924.6%
MozambiqueN/A8.134.113.026.7%
MalawiN/AN/AN/A7.10%
IndiaN/AN/AN/A1.60%
China2.20.71.21.5-12.0%
South Korea1.70.80.50.6-29.3%
SwitzerlandN/A4.5N/AN/A0%
Congo51.133.0N/AN/A-35.4%
Democratic Republic of the Congo5.111.7N/AN/A129.4%
PhilippinesN/A1.0N/AN/A0%
Others1.11.52.61.10.0%
Total61.261.344.183.210.8%

Top Suppliers of Cobalt to Malaysia in 2022:

  1. South Africa (9.2K tons)
  2. Mozambique (2.0K tons)
  3. South Korea (1.3K tons)
  4. Malawi (1.0K tons)
  5. India (0.8K tons)
  6. China (0.5K tons)

Cobalt Exports in Malaysia

In 2022, overseas shipments of cobalt decreased by -58.7% to 2.4K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 129%. As a result, the exports reached the peak of 19K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cobalt exports dropped significantly to $23M in 2022. Overall, exports faced a dramatic downturn. The growth pace was the most rapid in 2020 when exports increased by 103% against the previous year. As a result, the exports reached the peak of $101M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Cobalt in Malaysia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China47.898.357.320.1-25.1%
SingaporeN/AN/A0.20.8300.0%
Thailand1.1N/AN/AN/A0%
Others0.62.23.01.741.5%
Total49.510160.522.6-23.0%

Top Export Markets for Cobalt from Malaysia in 2022:

  1. China (2190.8 tons)
  2. Singapore (168.4 tons)

Source: IndexBox Market Intelligence Platform

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

    • Malaysia

    Data coverage:

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