Algeria: Cobalt Market Overview 2020

Cobalt Market Size in Algeria

The revenue of the cobalt market in Algeria amounted to $X in 2017, waning by -X% against the previous year. In general, cobalt consumption continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. Over the period under review, the cobalt market reached its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Cobalt Production in Algeria

In 2017, the amount of cobalt produced in Algeria totaled X kg, remaining constant against the previous year. In general, cobalt production continues to indicate a relatively flat trend pattern.

Cobalt Exports by Country from Algeria

Canada (X tonnes), Finland (X tonnes), the U.S. (X tonnes), Belgium (X tonnes), Japan (X tonnes), Russia (X tonnes), South Korea (X tonnes), China (X tonnes), Norway (X tonnes), Australia (X tonnes), Zambia (X tonnes) and the UK (X tonnes) represented roughly X% of total exports of cobalt in 2017.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest cobalt markets worldwide were Canada ($X), Finland ($X) and the U.S. ($X), together comprising X% of total exports. China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia and South Korea lagged somewhat behind, together comprising a further X%.

Japan (+X% per year) recorded the highest growth rate of exports, in terms of the main exporting countriesover the last decade, while the other leaders experienced more modest paces of growth.

Cobalt Imports into Algeria

Cobalt imports into Algeria amounted to X kg in 2017, coming down by -X% against the previous year. In general, cobalt imports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. Over the period under review, the cobalt imports reached its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, cobalt imports stood at $X in 2017. Overall, cobalt imports continue to indicate a temperate expansion. Algeria imports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Cobalt Imports by Country into Algeria

China dominates cobalt imports structure, resulting at X tonnes, which was near X% of total imports in 2017. The U.S. (X tonnes), Japan (X tonnes), the UK (X tonnes) and Finland (X tonnes) followed a long way behind the leaders.

China was also the fastest growing in terms of the cobalt imports, with a CAGR of +X% from 2007 to 2017. At the same time, Finland (+X%), the UK (+X%) and the U.S. (+X%) displayed positive paces of growth. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cobalt into Algeria, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

From 2007 to 2017, the average annual growth rate of value in China stood at +X%. In the other countries, the average annual rates were as follows: Japan (-X% per year) and the U.S. (+X% per year).

Cobalt Import Prices by Country in Algeria

In 2017, the cobalt import price in Algeria amounted to $X per kg, growing by X% against the previous year. In general, cobalt import price continues to indicate an outstanding growth. The pace of growth appeared the most rapid in 2011, when the import prices increased by X% against the previous year. Algeria import price peaked in 2017, and is likely to see steady growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Japan ($X per kg), while China ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Japan (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform