Colombia: Cobalt Market Overview 2020

Cobalt Market Size in Colombia

The revenue of the cobalt market in Colombia amounted to $X in 2017, coming up by X% against the previous year. Overall, cobalt consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. Colombia cobalt consumption peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Production in Colombia

Cobalt production in Colombia amounted to X kg in 2017, leveling off at the previous year. In general, cobalt production continues to indicate a relatively flat trend pattern.

Cobalt Exports from Colombia

In 2017, the amount of cobalt exported from Colombia totaled X tonnes, waning by -X% against the previous year. In general, cobalt exports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2009, with an increase of X% year-to-year. In that year, the cobalt exports attained their peak volume of X tonnes. From 2010 to 2017, growth of the cobalt exports stood at a somewhat lower level.

In value terms, cobalt exports stood at $X in 2017. Overall, cobalt exports continue to indicate an abrupt shrinkage. Colombia exports peaked of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Cobalt Exports by Country from Colombia

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) were the key exporters of cobalt in the world, making up 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) were 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, South Korea and Colombia, which together accounted for a further X%.

Japan (+X% per year) experienced the highest rates of growth with regard to 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 Colombia

The cobalt export price in Colombia stood at $X per kg in 2017, coming down by -X% against the previous year. Overall, cobalt export price continues to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. In that year, the export prices for cobalt attained 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 Colombia

Cobalt imports into Colombia totaled X tonnes in 2017, dropping by -X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010, when it surged by X% year-to-year. Over the period under review, the cobalt imports attained its maximum volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, cobalt imports amounted to $X in 2017. Overall, cobalt imports continue to indicate a relatively flat trend pattern. Colombia imports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Imports by Country into Colombia

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

In China, cobalt imports increased 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 Colombia

The cobalt import price in Colombia stood at $X per kg in 2017, rising by X% against the previous year. Overall, cobalt import price continues to indicate a mild drop. The growth pace was the most rapid in 2017, an increase of X% year-to-year. Colombia import price peaked of $X per kg in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; 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