Norway: Cobalt Market Overview 2020

Cobalt Market Size in Norway

The revenue of the cobalt market in Norway amounted to $X in 2017, coming down by -X% against the previous year. In general, cobalt consumption continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2015, when market value increased by X% against the previous year. Norway cobalt consumption peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Production in Norway

Cobalt production in Norway totaled X tonnes in 2017, approximately reflecting the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2012, when it surged by X% year-to-year. Over the period under review, the cobalt production attained its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

Cobalt Exports from Norway

Cobalt exports from Norway amounted to X tonnes in 2017, increasing by X% against the previous year. Overall, cobalt exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when exports increased by X% year-to-year. Over the period under review, the cobalt exports reached its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, cobalt exports amounted to $X in 2017. In general, cobalt exports continue to indicate a relatively flat trend pattern. Norway exports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Exports by Country from Norway

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) were the countries with the highest levels of exports in 2017, with a combined X% share of total exports. These countries were followed by China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia and South Korea, which together accounted for a further X%.

In terms of 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 Norway

In 2017, the cobalt export price in Norway amounted to $X per kg, going up by X% against the previous year. In general, cobalt export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, when it surged by X% y-o-y. Over the period under review, the export prices for cobalt attained its peak figure 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 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 Norway

Cobalt imports into Norway amounted to X tonnes in 2017, reducing by -X% against the previous year. In general, cobalt imports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2013, with an increase of -X% against the previous year. Norway imports peaked of X tonnes in 2007; however, from 2008 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 sharp setback. In that year, the cobalt imports reached their peak level of $X. From 2009 to 2017, growth of the cobalt imports stood at a somewhat lower level.

Cobalt Imports by Country into Norway

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 ($X) constitutes the largest market for imported cobalt into Norway, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 growth rate of value in China amounted to +X%. 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 Norway

The cobalt import price in Norway stood at $X per tonne in 2017, surging by X% against the previous year. In general, cobalt import price continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. In that year, the import prices for cobalt attained their peak level of $X per kg. From 2009 to 2017, growth of the import prices for cobalt failed to regain its momentum.

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