Singapore: Cobalt Market Overview 2020

Cobalt Market Size in Singapore

The revenue of the cobalt market in Singapore amounted to $X in 2017, going up by X% against the previous year. Overall, cobalt consumption continues to indicate an outstanding increase. The pace of growth was the most pronounced in 2014, when market value increased by X% against the previous year. Over the period under review, the cobalt market attained its maximum level in 2017, and is likely to continue its growth in the near future.

Cobalt Production in Singapore

In 2017, the amount of cobalt produced in Singapore amounted to X kg, approximately equating the previous year. In general, cobalt production continues to indicate an outstanding increase. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. In that year, the cobalt production attained their peak volume of X tonnes. From 2009 to 2017, growth of the cobalt production failed to regain its momentum.

Cobalt Exports from Singapore

In 2017, the amount of cobalt exported from Singapore amounted to X tonnes, rising by X% against the previous year. In general, cobalt exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2013, 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 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, cobalt exports totaled $X in 2017. Overall, cobalt exports continue to indicate a relatively flat trend pattern. Over the period under review, the cobalt exports attained its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Exports by Country from Singapore

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, the largest cobalt markets worldwide were Canada ($X), Finland ($X) and the U.S. ($X), with a combined X% share of total exports. China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia, Singapore and South Korea lagged somewhat behind, together comprising a further X%.

Japan (+X% per year) experienced the highest growth rate of exports, in terms of the main exporting countriesover the last decade, while the other leaders experienced more modest paces of growth.

Cobalt Export Prices by Country in Singapore

In 2017, the cobalt export price in Singapore amounted to $X per kg, rising by X% against the previous year. In general, cobalt export price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2017, when the export prices increased by X% y-o-y. Over the period under review, the export prices for cobalt reached its peak figure level of $X per kg in 2014; however, from 2015 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 Singapore

In 2017, imports of cobalt into Singapore stood at X tonnes, going up by X% against the previous year. Overall, cobalt imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017, when imports increased by X% y-o-y. In that year, the cobalt imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, cobalt imports totaled $X in 2017. In general, cobalt imports continue to indicate a measured growth. In that year, the cobalt imports reached their peak level, and are likely to continue its growth in the immediate term.

Cobalt Imports by Country into Singapore

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

In 2017, the cobalt import price in Singapore amounted to $X per kg, jumping by X% against the previous year. Overall, cobalt import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2015, when the import prices increased by X% y-o-y. Over the period under review, the import prices for cobalt attained its peak figure level of $X per kg in 2007; however, from 2008 to 2017, it 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