Spain: Cobalt Market Overview 2020

Cobalt Market Size in Spain

The revenue of the cobalt market in Spain amounted to $X in 2017, declining by -X% against the previous year. Overall, cobalt consumption continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2010, when market value increased by X% against the previous year. Spain cobalt consumption peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Production in Spain

In 2017, cobalt production in Spain totaled X kg, stabilizing at the previous year. Overall, cobalt production continues to indicate a relatively flat trend pattern.

Cobalt Exports from Spain

In 2017, approx. X tonnes of cobalt were exported from Spain; standing approx. at the previous year. In general, cobalt exports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2009, with an increase of X% y-o-y. In that year, the cobalt exports attained their peak volume of X tonnes. From 2010 to 2017, growth of the cobalt exports stood at a somewhat lower level.

In value terms, cobalt exports totaled $X in 2017. In general, cobalt exports continue to indicate a relatively flat trend pattern. Spain exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Cobalt Exports by Country from Spain

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) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of total exports. China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia, South Korea and Spain lagged somewhat behind, together accounting 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 Spain

In 2017, the cobalt export price in Spain amounted to $X per kg, coming up by X% against the previous year. In general, cobalt export price continues to indicate a moderate growth. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. Spain export price peaked of $X per kg in 2011; however, from 2012 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 into Spain

In 2017, approx. X tonnes of cobalt were imported into Spain; waning by -X% against the previous year. In general, cobalt imports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. Spain imports peaked of X tonnes in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, cobalt imports stood at $X in 2017. In general, cobalt imports continue to indicate a noticeable setback. Over the period under review, the cobalt imports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Imports by Country into Spain

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

The cobalt import price in Spain stood at $X per kg in 2017, growing by X% against the previous year. In general, cobalt import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017, an increase of X% year-to-year. Over the period under review, the import prices for cobalt reached its maximum level of $X per kg in 2008; however, from 2009 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