Malaysia: Cobalt Market Overview 2020

Cobalt Market Size in Malaysia

The revenue of the cobalt market in Malaysia amounted to $X in 2017, picking up by X% against the previous year. Overall, cobalt consumption continues to indicate a strong expansion. The pace of growth was the most pronounced in 2011, with an increase of X% year-to-year. Over the period under review, the cobalt market reached its peak figure level in 2017, and is likely to see steady growth in the immediate term.

Cobalt Production in Malaysia

In 2017, production of cobalt in Malaysia amounted to X tonnes, waning by -X% against the previous year. In general, cobalt production continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2011, when the output figure increased by X% against the previous year. In that year, the cobalt production reached their peak volume of X tonnes. From 2012 to 2017, growth of the cobalt production failed to regain its momentum.

Cobalt Exports from Malaysia

In 2017, the amount of cobalt exported from Malaysia amounted to X tonnes, reducing by -X% against the previous year. In general, cobalt exports continue to indicate a drastic contraction. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. In that year, the cobalt exports attained their peak volume of X tonnes. From 2011 to 2017, growth of the cobalt exports failed to regain its momentum.

In value terms, cobalt exports stood at $X in 2017. Overall, cobalt exports continue to indicate a slight curtailment. Over the period under review, the cobalt exports attained its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Cobalt Exports by Country from Malaysia

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) constituted 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, Malaysia and South Korea, which together accounted for a further X%.

Japan (+X% per year) experienced 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 Malaysia

In 2017, the cobalt export price in Malaysia amounted to $X per kg, surging by X% against the previous year. Overall, the export 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 export price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% y-o-y. In that year, the export prices for cobalt reached their peak level of $X per kg. From 2012 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 mixed trends in the export price figures.

Cobalt Imports into Malaysia

In 2017, the amount of cobalt imported into Malaysia stood at X tonnes, shrinking by -X% against the previous year. In general, cobalt imports continue to indicate a sharp contraction. The growth pace was the most rapid in 2010, when imports increased by -X% year-to-year. Malaysia imports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, cobalt imports totaled $X in 2017. Overall, cobalt imports continue to indicate a significant growth. Malaysia imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Cobalt Imports by Country into Malaysia

China dominates cobalt imports structure, resulting at X tonnes, which was near 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. China (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

The cobalt import price in Malaysia stood at $X per kg in 2017, growing by X% against the previous year. Overall, cobalt import price continues to indicate a skyrocketing growth. The pace of growth appeared the most rapid in 2011, when the import prices increased by X% y-o-y. Malaysia import price peaked in 2017, and is expected to retain its growth in the immediate term.

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