Belgium: Cobalt Market Overview 2020

Cobalt Market Size in Belgium

The revenue of the cobalt market in Belgium amounted to $X in 2017, surging by X% against the previous year. Overall, cobalt consumption continues to indicate a deep decrease. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Belgium cobalt consumption peaked of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Cobalt Production in Belgium

In 2017, production of cobalt in Belgium totaled X tonnes, stabilizing at the previous year. In general, cobalt production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. Belgium cobalt production peaked in 2017, and is expected to retain its growth in the immediate term.

Cobalt Exports from Belgium

In 2017, the amount of cobalt exported from Belgium totaled X tonnes, going up by X% against the previous year. In general, cobalt exports continue to indicate a modest growth. The pace of growth appeared the most rapid in 2011, when it surged by X% against the previous year. Over the period under review, the cobalt exports attained its peak figure volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, cobalt exports amounted to $X in 2017. In general, cobalt exports continue to indicate an abrupt decrease. In that year, the cobalt exports reached their peak level of $X. From 2009 to 2017, growth of the cobalt exports failed to regain its momentum.

Cobalt Exports by Country from Belgium

In 2017, 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 the main exporters of cobalt in the world, achieving X% 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) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports. These countries were followed by China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia and South Korea, which together accounted for a further X%.

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

Cobalt Export Prices by Country in Belgium

In 2017, the cobalt export price in Belgium amounted to $X per kg, dropping by -X% against the previous year. Overall, cobalt export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2008, an increase of X% against the previous year. In that year, the export prices for cobalt reached their peak level of $X per kg. From 2009 to 2017, growth of the export prices for cobalt stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, 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 Belgium

In 2017, the amount of cobalt imported into Belgium stood at X tonnes, jumping by X% against the previous year. Overall, cobalt imports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2014, with an increase of X% y-o-y. In that year, the cobalt imports reached their peak volume of X tonnes. From 2015 to 2017, growth of the cobalt imports failed to regain its momentum.

In value terms, cobalt imports totaled $X in 2017. In general, cobalt imports continue to indicate a relatively flat trend pattern. Over the period under review, the cobalt imports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Imports by Country into Belgium

China dominates cobalt imports structure, recording 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. From 2007 to 2017, the share of China decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, cobalt imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and the U.S. (+X% per year).

Cobalt Import Prices by Country in Belgium

The cobalt import price in Belgium stood at $X per kg in 2017, declining by -X% against the previous year. Overall, cobalt import price continues to indicate a temperate shrinkage. The pace of growth appeared the most rapid in 2016, an increase of X% year-to-year. Belgium import price peaked of $X per kg in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

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