China: Cobalt Market Overview 2020

Cobalt Market Size in China

The revenue of the cobalt market in China amounted to $X in 2017, rising by X% against the previous year. In general, cobalt consumption continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. In that year, the cobalt market attained their peak level, and is likely to continue its growth in the immediate term.

Cobalt Production in China

Cobalt production in China stood at X tonnes in 2017, coming up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2008, when the output figure increased by X% y-o-y. Over the period under review, the cobalt production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Cobalt Exports from China

In 2017, exports of cobalt from China stood at X tonnes, growing by X% against the previous year. Overall, the total exports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017, when exports increased by X% y-o-y. In that year, the cobalt exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, cobalt exports amounted to $X in 2017. In general, cobalt exports continue to indicate a tangible increase. Over the period under review, the cobalt exports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Exports by Country from China

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. 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 rates of growth with regard to 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 China

In 2017, the cobalt export price in China amounted to $X per kg, going up by X% against the previous year. In general, cobalt export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. China 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 China

In 2017, approx. X tonnes of cobalt were imported into China; picking up by X% against the previous year. Overall, cobalt imports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2017, when imports increased by X% y-o-y. In that year, the cobalt imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, cobalt imports totaled $X in 2017. Overall, cobalt imports continue to indicate a skyrocketing increase. 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 China

China dominates cobalt imports structure, resulting at X tonnes, which was approx. X% of total imports in 2017. The U.S. (X tonnes), Japan (X tonnes), the UK (X tonnes) and Finland (X tonnes) occupied the slight share 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. 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 ($X) constitutes the largest market for imported cobalt into China, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 rate of growth in terms 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 China

In 2017, the cobalt import price in China amounted to $X per tonne, lowering by -X% against the previous year. Overall, cobalt import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2016, when it surged by X% y-o-y. China 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 ($X per kg), while the UK ($X per kg) 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