Sweden: Cobalt Market Overview 2020

Cobalt Market Size in Sweden

The revenue of the cobalt market in Sweden amounted to $X in 2017, picking up by X% against the previous year. In general, cobalt consumption continues to indicate a drastic setback. The pace of growth was the most pronounced in 2011, when it surged by X% year-to-year. Sweden cobalt consumption peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Production in Sweden

In 2017, the amount of cobalt produced in Sweden stood at X kg, stabilizing at the previous year. In general, cobalt production continues to indicate an abrupt shrinkage. Over the period under review, the cobalt production attained its maximum volume of X tonnes in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Cobalt Exports from Sweden

In 2017, cobalt exports from Sweden totaled X tonnes, coming up by X% against the previous year. In general, cobalt exports continue to indicate an abrupt descent. The most prominent rate of growth was recorded in 2012, when exports increased by X% year-to-year. Over the period under review, the cobalt exports attained its peak figure volume of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, cobalt exports stood at $X in 2017. Overall, cobalt exports continue to indicate a pronounced contraction. Sweden exports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Exports by Country from Sweden

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) constituted 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, South Korea and Sweden, which together accounted for a further X%.

Among 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 Sweden

The cobalt export price in Sweden stood at $X per kg in 2017, rising by X% against the previous year. In general, cobalt export price continues to indicate a measured growth. The pace of growth was the most pronounced in 2015, an increase of X% y-o-y. Over the period under review, the export prices for cobalt reached its peak figure level in 2017, and is likely to continue its growth in the immediate term.

Export prices varied noticeably by the country of destination; 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 Sweden

Cobalt imports into Sweden totaled X tonnes in 2017, jumping by X% against the previous year. Overall, cobalt imports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010, when imports increased by X% against the previous year. Sweden imports peaked of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, cobalt imports totaled $X in 2017. Overall, cobalt imports continue to indicate a deep drop. Sweden imports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Imports by Country into Sweden

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

In 2017, the cobalt import price in Sweden amounted to $X per kg, going 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 2016, when the import prices increased by X% y-o-y. Sweden import price peaked 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