Japan: Cobalt Market Overview 2020

Cobalt Market Size in Japan

The revenue of the cobalt market in Japan amounted to $X in 2017, rising by X% against the previous year. In general, cobalt consumption continues to indicate a deep decrease. The pace of growth was the most pronounced in 2017, with an increase of X% against the previous year. Over the period under review, the cobalt market attained its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Production in Japan

In 2017, approx. X kg of cobalt were produced in Japan; approximately reflecting the previous year. Overall, cobalt production continues to indicate a relatively flat trend pattern.

Cobalt Exports from Japan

Cobalt exports from Japan amounted to X tonnes in 2017, surging 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 2011 indices. The most prominent rate of growth was recorded in 2016, when exports increased by X% against the previous year. Over the period under review, the cobalt exports attained its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, cobalt exports amounted to $X in 2017. Overall, cobalt exports continue to indicate a strong expansion. Japan exports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Exports by Country from Japan

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 main exporters of cobalt in the world, mixed 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, the largest cobalt markets worldwide were Canada ($X), Finland ($X) and the U.S. ($X), with a combined X% share of total exports. China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia and South Korea lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Japan (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Cobalt Export Prices by Country in Japan

The cobalt export price in Japan stood at $X per kg in 2017, growing by X% against the previous year. In general, cobalt export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by 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 failed to regain its momentum.

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 Japan

In 2017, approx. X tonnes of cobalt were imported into Japan; surging by X% against the previous year. Overall, cobalt imports continue to indicate a temperate descent. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. Japan imports peaked of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, cobalt imports amounted to $X in 2017. In general, cobalt imports continue to indicate a measured decline. Japan imports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Imports by Country into Japan

China prevails in 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) followed a long way behind the leaders.

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. While the share of China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cobalt into Japan, making up X% of global imports. The second position in the ranking was occupied by Japan ($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%. 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 Japan

The cobalt import price in Japan stood at $X per kg in 2017, picking up by X% against the previous year. In general, cobalt import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. Japan import price peaked 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 the U.S. ($X per kg), while China ($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 the U.S. (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform