Saudi Arabia: Cobalt Market Overview 2020

Cobalt Market Size in Saudi Arabia

The revenue of the cobalt market in Saudi Arabia amounted to $X in 2017, picking up by X% against the previous year. In general, cobalt consumption continues to indicate an outstanding growth. The growth pace was the most rapid in 2011, when it surged by X% year-to-year. In that year, the cobalt market reached their peak level of $X. From 2012 to 2017, growth of the cobalt market failed to regain its momentum.

Cobalt Production in Saudi Arabia

Cobalt production in Saudi Arabia totaled X kg in 2017, flattening at the previous year. In general, cobalt production continues to indicate a relatively flat trend pattern.

Cobalt Exports by Country from Saudi Arabia

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 roughly X% of total exports of cobalt in 2017.

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) appeared to be 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%.

Japan (+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 Saudi Arabia

The cobalt export price in Saudi Arabia stood at X in 2017, approximately mirroring by -% against the previous year. Over the period from 2007 to 2017, it decreased at an average annual rate of nan%. The growth pace was the most rapid in 2008, when the export prices increased by -% year-to-year.

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 Saudi Arabia

Cobalt imports into Saudi Arabia stood at X tonnes in 2017, jumping by X% against the previous year. In general, cobalt imports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2011, with an increase of X% year-to-year. In that year, the cobalt imports reached their peak volume of X tonnes. From 2012 to 2017, growth of the cobalt imports stood at a somewhat lower level.

In value terms, cobalt imports totaled $X in 2017. Overall, cobalt imports continue to indicate a skyrocketing expansion. In that year, the cobalt imports attained their peak level of $X. From 2012 to 2017, growth of the cobalt imports failed to regain its momentum.

Cobalt Imports by Country into Saudi Arabia

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) occupied the mild share 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. From 2007 to 2017, the share of China decreased by -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cobalt into Saudi Arabia, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

In China, cobalt imports expanded at an average annual rate of +X% over the period from 2007-2017. 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 Saudi Arabia

In 2017, the cobalt import price in Saudi Arabia amounted to $X per kg, coming up by X% against the previous year. Overall, cobalt import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, when the import prices increased by X% against the previous year. In that year, the import prices for cobalt attained their peak level of $X per kg. From 2013 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