Italy: Cobalt Market Overview 2020

Cobalt Market Size in Italy

The revenue of the cobalt market in Italy amounted to $X in 2017, surging by X% against the previous year. In general, the total market indicated a modest growth from 2007 to 2017: its value 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 consumption increased by +X% against 2014 indices. The growth pace was the most rapid in 2011, when it surged by X% against the previous year. Italy cobalt consumption peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Production in Italy

Cobalt production in Italy amounted to X kg in 2017, approximately mirroring the previous year. In general, cobalt production continues to indicate a relatively flat trend pattern.

Cobalt Exports from Italy

In 2017, the amount of cobalt exported from Italy totaled X tonnes, lowering by -X% against the previous year. In general, the total exports indicated a strong 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 exports increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2014, when it surged by X% against the previous year. Italy exports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, cobalt exports stood at $X in 2017. Overall, the total exports indicated a strong growth from 2007 to 2017: its value 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 exports increased by +X% against 2014 indices. In that year, the cobalt exports attained their peak level, and are likely to continue its growth in the immediate term.

Cobalt Exports by Country from Italy

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, the largest cobalt markets worldwide were Canada ($X), Finland ($X) and the U.S. ($X), 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 Italy, which together accounted for a further X%.

Italy (+X% per year) recorded 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 Italy

In 2017, the cobalt export price in Italy amounted to $X per kg, surging by X% against the previous year. In general, the export price indicated a mild growth 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. The pace of growth appeared the most rapid in 2017, an increase of X% against the previous year. In that year, the export prices for cobalt attained their peak level, and is likely to continue its growth in the immediate term.

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 Italy

In 2017, imports of cobalt into Italy stood at X tonnes, therefore, remained relatively stable against the previous year. In general, cobalt imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2016, when it surged by X% y-o-y. Italy imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, cobalt imports totaled $X in 2017. Overall, cobalt imports continue to indicate a relatively flat trend pattern. Over the period under review, the cobalt imports attained its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Imports by Country into Italy

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

In China, cobalt imports expanded 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 Italy

In 2017, the cobalt import price in Italy amounted to $X per kg, growing by X% against the previous year. In general, cobalt import price continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2017, when it surged by X% year-to-year. Over the period under review, the import prices for cobalt reached its maximum level of $X per kg in 2008; however, from 2009 to 2017, it failed to regain its momentum.

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 ($X per kg), while China ($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