Argentina: Cobalt Market Overview 2020

Cobalt Market Size in Argentina

The revenue of the cobalt market in Argentina amounted to $X in 2017, coming up by X% against the previous year. Overall, cobalt consumption continues to indicate a moderate reduction. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. Over the period under review, the cobalt market reached its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Production in Argentina

Cobalt production in Argentina totaled X kg in 2017, therefore, remained relatively stable against the previous year. Overall, cobalt production continues to indicate a relatively flat trend pattern.

Cobalt Exports from Argentina

In 2017, the amount of cobalt exported from Argentina totaled X kg, dropping by -X% against the previous year. In general, cobalt exports continue to indicate a drastic decline. The growth pace was the most rapid in 2015, when exports increased by X% against the previous year. In that year, the cobalt exports reached their peak volume of X tonnes. From 2016 to 2017, growth of the cobalt exports stood at a somewhat lower level.

In value terms, cobalt exports stood at $X in 2017. In general, cobalt exports continue to indicate an abrupt slump. Over the period under review, the cobalt exports attained its maximum level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Exports by Country from Argentina

The exports of the twelve major exporters of cobalt, namely Canada, Finland, the U.S., Belgium, Japan, Russia, South Korea, China, Norway, Australia, Zambia and the UK, represented more than two-thirds of total export.

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, Canada ($X), Finland ($X) and the U.S. ($X) were the countries with the highest levels of exports in 2017, with a combined X% share of total exports. China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia, South Korea and Argentina lagged somewhat behind, together comprising a further X%.

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

Cobalt Export Prices by Country in Argentina

In 2017, the cobalt export price in Argentina amounted to $X per kg, rising by X% against the previous year. In general, cobalt export price continues to indicate a measured contraction. The growth pace was the most rapid in 2016, an increase of X% year-to-year. Argentina export price peaked of $X per kg in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Australia ($X per kg), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Australia (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Cobalt Imports into Argentina

In 2017, the amount of cobalt imported into Argentina stood at X tonnes, shrinking by -X% against the previous year. In general, cobalt imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. In that year, the cobalt imports reached their peak volume of X tonnes. From 2014 to 2017, growth of the cobalt imports failed to regain its momentum.

In value terms, cobalt imports stood at $X in 2017. In general, cobalt imports continue to indicate a significant decline. Over the period under review, the cobalt imports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Imports by Country into Argentina

China prevails in 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 ($X) constitutes the largest market for imported cobalt into Argentina, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 amounted to +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 Argentina

The cobalt import price in Argentina stood at $X per kg in 2017, growing by X% against the previous year. Overall, cobalt import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, when it surged by X% year-to-year. Argentina import price peaked of $X per kg in 2008; however, from 2009 to 2017, it failed to regain its momentum.

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