Philippines: Cobalt Market Overview 2020

Cobalt Market Size in the Philippines

The revenue of the cobalt market in the Philippines amounted to $X in 2017, surging by X% against the previous year. In general, cobalt consumption continues to indicate an outstanding increase. The pace of growth was the most pronounced in 2017, when it surged by X% year-to-year. In that year, the cobalt market attained their peak level, and is likely to continue its growth in the immediate term.

Cobalt Production in the Philippines

Cobalt production in the Philippines totaled X tonnes in 2017, picking up by X% against the previous year. Overall, cobalt production continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2010, 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 likely to continue its growth in the near future.

Cobalt Exports by Country in the Philippines

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 major exporters of cobalt in the world, generating 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, Canada ($X), Finland ($X) and the U.S. ($X) were 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 and South Korea, which together accounted for a further X%.

In terms of the main exporting countries, Japan (+X% per year) experienced 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 the Philippines

The cobalt export price in the Philippines stood at X in 2017, remaining constant against by -% against the previous year. Over the period from 2007 to 2017, it decreased at an average annual rate of nan%. The most prominent rate of growth was recorded in 2008, when it surged by -% against the previous year. The Philippines export price peaked of $X per kg in 2007; however, from 2008 to 2017, it 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 in the Philippines

In 2017, cobalt imports into the Philippines totaled X tonnes, surging by X% against the previous year. Overall, cobalt imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016, with an increase of X% year-to-year. The Philippines imports peaked of X tonnes in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, cobalt imports totaled $X in 2017. In general, cobalt imports continue to indicate a remarkable expansion. The Philippines imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Cobalt Imports by Country in the Philippines

China dominates cobalt imports structure, finishing 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 ($X) constitutes the largest market for imported cobalt into the Philippines, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 stood at +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 the Philippines

The cobalt import price in the Philippines stood at $X per kg in 2017, surging by X% against the previous year. In general, cobalt import price continues to indicate a remarkable growth. The growth pace was the most rapid in 2013, when it surged by X% y-o-y. The Philippines import price peaked of $X per kg in 2014; however, from 2015 to 2017, it 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