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

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

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Ghana: Cobalt Market 2022

Cobalt Market Size in Ghana

The Ghanian cobalt market surged to $X in 2021, rising by 93% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Cobalt Exports

Exports from Ghana

In 2018, approx. X kg of cobalt were exported from Ghana; picking up by 3,567% compared with 2017 figures. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cobalt exports surged to $X in 2018. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X kg) was the main destination for cobalt exports from Ghana, accounting for a approx. 100% share of total exports.

From 2017 to 2018, the average annual growth rate of volume to Belgium was relatively modest.

In value terms, Belgium ($X) emerged as the key foreign market for cobalt exports from Ghana.

From 2017 to 2018, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

The average cobalt export price stood at $X per ton in 2018, with an increase of 117% against the previous year. In general, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2017 to 2018, the rate of growth in terms of prices for Belgium amounted to 0.0% per year.

Cobalt Imports

Imports into Ghana

In 2021, the amount of cobalt imported into Ghana skyrocketed to X tons, increasing by 91% compared with 2020 figures. Overall, imports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of 149% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cobalt imports surged to $X in 2021. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 182%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X kg), France (X kg) and the United Arab Emirates (X kg) were the main suppliers of cobalt imports to Ghana, together accounting for 98% of total imports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +59.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Germany ($X) and France ($X) appeared to be the largest cobalt suppliers to Ghana, with a combined 98% share of total imports.

The United Arab Emirates, with a CAGR of +89.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cobalt import price amounted to $X per ton, with an increase of 3.2% against the previous year. In general, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 330% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of cobalt consumption, comprising approx. 63% of total volume. Moreover, cobalt consumption in China exceeded the figures recorded by the second-largest consumer, Democratic Republic of the Congo, fourfold.
The country with the largest volume of cobalt production was Democratic Republic of the Congo, accounting for 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. Russia ranked third in terms of total production with a 3.8% share.
In value terms, the United Arab Emirates, Germany and France constituted the largest cobalt suppliers to Ghana, with a combined 98% share of total imports.
In value terms, Belgium $875) emerged as the key foreign market for cobalt exports from Ghana.
In 2018, the average cobalt export price amounted to $7,955 per ton, with an increase of 117% against the previous year.
In 2021, the average cobalt import price amounted to $127,053 per ton, growing by 3.2% against the previous year.

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

    • Ghana

    Data coverage:

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