Finland: Cobalt Market Overview 2020

Cobalt Market Size in Finland

The revenue of the cobalt market in Finland amounted to $X in 2017, going down by -X% against the previous year. Overall, cobalt consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, with an increase of X% against the previous year. In that year, the cobalt market attained their peak level of $X. From 2009 to 2017, growth of the cobalt market stood at a somewhat lower level.

Cobalt Production in Finland

In 2017, the amount of cobalt produced in Finland stood at X tonnes, reducing by -X% against the previous year. Overall, cobalt production continues to indicate a measured shrinkage. The pace of growth appeared the most rapid in 2014, with an increase of X% y-o-y. In that year, the cobalt production reached their peak volume of X tonnes. From 2015 to 2017, growth of the cobalt production failed to regain its momentum.

Cobalt Exports from Finland

In 2017, approx. X tonnes of cobalt were exported from Finland; going up by X% against the previous year. In general, cobalt exports continue to indicate a temperate decrease. The pace of growth appeared the most rapid in 2014, with an increase of X% against the previous year. Finland exports peaked of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, cobalt exports amounted to $X in 2017. In general, cobalt exports continue to indicate a relatively flat trend pattern. 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 Finland

The exports of the twelve major exporters of cobalt, namely Canada, Finland, the U.S., Belgium, Japan, Russia, South Korea, China, Norway, Australia, Zambia and the UK, represented more than two-thirds 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, 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, among the main exporting countriesover the last decade, while the other leaders experienced more modest paces of growth.

Cobalt Export Prices by Country in Finland

The cobalt export price in Finland stood at $X per kg in 2017, growing by X% against the previous year. Overall, the export price indicated a measured expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cobalt export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. 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 a decline in the export price figures.

Cobalt Imports into Finland

In 2017, the amount of cobalt imported into Finland stood at X tonnes, increasing by X% against the previous year. In general, the total imports indicated a prominent increase 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. Based on 2017 figures, the cobalt imports decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2014, when it surged by X% y-o-y. Finland imports peaked of X tonnes in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

In value terms, cobalt imports stood at $X in 2017. Overall, cobalt imports continue to indicate a measured growth. In that year, the cobalt imports attained their peak level of $X. From 2009 to 2017, growth of the cobalt imports stood at a somewhat lower level.

Cobalt Imports by Country into Finland

China dominates cobalt imports structure, resulting at 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. 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 ($X) constitutes the largest market for imported cobalt into Finland, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 Finland

The cobalt import price in Finland stood at $X per kg in 2017, lowering by -X% against the previous year. In general, cobalt import price continues to indicate a measured reduction. The growth pace was the most rapid in 2010, when the import prices increased by X% year-to-year. Finland 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