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Report Bulgaria - Cobalt - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

Bulgaria - Cobalt - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Cobalt Market 2022

Cobalt Market Size in Bulgaria

The Bulgarian cobalt market rose notably to $X in 2021, picking up by 9.8% against the previous year. Over the period under review, consumption enjoyed significant growth. Cobalt consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Cobalt Production in Bulgaria

In value terms, cobalt production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 43%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Cobalt Exports

Exports from Bulgaria

In 2020, cobalt exports from Bulgaria reduced rapidly to X kg, which is down by -99.9% against the previous year's figure. Over the period under review, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of 5,860% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, cobalt exports plummeted to $X in 2020. Overall, exports recorded a dramatic contraction. The growth pace was the most rapid in 2019 when exports increased by 14,342% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Germany (X kg) and Slovakia (X kg) were the main destinations of cobalt exports from Bulgaria.

From 2012 to 2020, the biggest increases were in Slovakia (with a CAGR of 0.0%).

In value terms, Germany ($X) and Slovakia ($X) were the largest markets for cobalt exported from Bulgaria worldwide.

Slovakia, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average cobalt export price stood at $X per ton in 2020, rising by 50% against the previous year. Over the period under review, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2019 an increase of 142%. Over the period under review, the average export prices reached the maximum in 2020 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+115.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cobalt Imports

Imports into Bulgaria

In 2021, overseas purchases of cobalt increased by 19% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports saw a temperate expansion. The pace of growth was the most pronounced in 2014 when imports increased by 1,253% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, cobalt imports skyrocketed to $X in 2021. Over the period under review, imports showed buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 115% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of cobalt to Bulgaria, accounting for a 71% share of total imports. Moreover, cobalt imports from Germany exceeded the figures recorded by the second-largest supplier, France (X kg), fivefold. The third position in this ranking was held by the United States (X kg), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.6% per year) and the United States (+28.6% per year).

In value terms, Germany ($X) constituted the largest supplier of cobalt to Bulgaria, comprising 75% of total imports. The second position in the ranking was taken by France ($X), with a 9% share of total imports. It was followed by the United States, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.9% per year) and the United States (+26.0% per year).

Import Prices by Country

The average cobalt import price stood at $X per ton in 2021, increasing by 29% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 1,455%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+73.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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Frequently Asked Questions (FAQ) :

China remains the largest cobalt consuming country worldwide, accounting for 63% of total volume. Moreover, cobalt consumption in China exceeded the figures recorded by the second-largest consumer, Democratic Republic of the Congo, fourfold.
Democratic Republic of the Congo constituted the country with the largest volume of cobalt production, comprising approx. 53% of total volume. Moreover, cobalt production in Democratic Republic of the Congo exceeded the figures recorded by the second-largest producer, Canada, more than tenfold. The third position in this ranking was taken by Russia, with a 3.8% share.
In value terms, Germany constituted the largest supplier of cobalt to Bulgaria, comprising 75% of total imports. The second position in the ranking was taken by France, with a 9% share of total imports. It was followed by the United States, with a 6.6% share.
In value terms, the largest markets for cobalt exported from Bulgaria were Germany $332) and Slovakia $296).
The average cobalt export price stood at $57,091 per ton in 2020, rising by 50% against the previous year.
The average cobalt import price stood at $107,875 per ton in 2021, picking up by 29% against the previous year.

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

    • Bulgaria

    Data coverage:

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