Brazil: Cobalt Market Overview 2020

Cobalt Market Size in Brazil

The revenue of the cobalt market in Brazil amounted to $X in 2017, surging by X% against the previous year. Overall, cobalt consumption continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. Over the period under review, the cobalt market attained its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Production in Brazil

In 2017, approx. X tonnes of cobalt were produced in Brazil; remaining stable against the previous year. Overall, cobalt production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. Over the period under review, the cobalt production reached its maximum volume of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Cobalt Exports from Brazil

Cobalt exports from Brazil stood at X tonnes in 2017, shrinking by -X% against the previous year. In general, cobalt exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012, with an increase of X% against the previous year. In that year, the cobalt exports reached their peak volume of X tonnes. From 2013 to 2017, growth of the cobalt exports stood at a somewhat lower level.

In value terms, cobalt exports totaled $X in 2017. Overall, cobalt exports continue to indicate a drastic decrease. Over the period under review, the cobalt exports attained its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Cobalt Exports by Country from Brazil

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, Canada ($X), Finland ($X) and the U.S. ($X) constituted the countries with the highest levels of exports in 2017, together accounting for X% of total exports. These countries were followed by China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia, South Korea and Brazil, which together accounted for 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 Export Prices by Country in Brazil

In 2017, the cobalt export price in Brazil amounted to $X per kg, surging by X% against the previous year. In general, cobalt export price continues to indicate an abrupt downturn. The growth pace was the most rapid in 2017, when the export prices increased by X% y-o-y. Brazil export price peaked of $X per kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

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 Brazil

In 2017, imports of cobalt into Brazil amounted to X tonnes, jumping by X% against the previous year. Overall, cobalt imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014, with an increase of X% year-to-year. Brazil imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, cobalt imports amounted to $X in 2017. Overall, cobalt imports continue to indicate a prominent expansion. In that year, the cobalt imports reached their peak level, and are likely to continue its growth in the immediate term.

Cobalt Imports by Country into Brazil

China prevails in cobalt imports structure, recording X tonnes, which was near X% of total imports in 2017. The following importers - the U.S. (X tonnes), Japan (X tonnes), the UK (X tonnes) and Finland (X tonnes) together made up X% of total imports.

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. China (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cobalt into Brazil, making up X% of global imports. The second position in the ranking was occupied by Japan ($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. 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 Brazil

In 2017, the cobalt import price in Brazil amounted to $X per kg, going up by X% against the previous year. Overall, cobalt import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017, an increase of X% y-o-y. Brazil 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