Kazakhstan: Cobalt Market Overview 2020

Cobalt Market Size in Kazakhstan

The revenue of the cobalt market in Kazakhstan amounted to $X in 2017, surging by X% against the previous year. In general, cobalt consumption continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. Kazakhstan cobalt consumption peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Cobalt Production in Kazakhstan

In 2017, the amount of cobalt produced in Kazakhstan amounted to X tonnes, approximately reflecting the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013, when the output figure increased by X% y-o-y. Over the period under review, the cobalt production attained its maximum volume in 2017, and is likely to continue its growth in the near future.

Cobalt Exports from Kazakhstan

In 2017, approx. X tonnes of cobalt were exported from Kazakhstan; lowering by -X% against the previous year. In general, cobalt exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. Over the period under review, the cobalt exports attained its peak figure volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, cobalt exports totaled $X in 2017. Overall, cobalt exports continue to indicate a skyrocketing growth. Kazakhstan exports peaked in 2017, and are expected to retain its growth in the immediate term.

Cobalt Exports by Country from Kazakhstan

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) represented the key exporters of cobalt in the world, committing 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. These countries were followed by China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia, South Korea and Kazakhstan, which together accounted for a further X%.

Kazakhstan (+X% per year) recorded the highest growth rate of 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 Kazakhstan

In 2017, the cobalt export price in Kazakhstan amounted to $X per kg, picking up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. Kazakhstan export price peaked of $X per kg in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

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 Kazakhstan

In 2017, imports of cobalt into Kazakhstan amounted to X kg, jumping by X% against the previous year. In general, cobalt imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2013, with an increase of X% year-to-year. Over the period under review, the cobalt imports attained its peak figure volume of X tonnes in 2010; however, from 2011 to 2017, it failed to regain its momentum.

In value terms, cobalt imports amounted to $X in 2017. Overall, cobalt imports continue to indicate a modest expansion. In that year, the cobalt imports reached their peak level of $X. From 2014 to 2017, growth of the cobalt imports stood at a somewhat lower level.

Cobalt Imports by Country into Kazakhstan

China dominates cobalt imports structure, reaching 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. 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 ($X) constitutes the largest market for imported cobalt into Kazakhstan, making up X% of global imports. The second position in the ranking was occupied by Japan ($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. In the other countries, the average annual rates were as follows: Japan (-X% per year) and the U.S. (+X% per year).

Cobalt Import Prices by Country in Kazakhstan

In 2017, the cobalt import price in Kazakhstan amounted to $X per kg, growing by X% against the previous year. Overall, the import price indicated a strong 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 import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2011, when it surged by X% against the previous year. In that year, the import prices for cobalt reached their peak level of $X per kg. From 2012 to 2017, growth of the import prices for cobalt 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