Turkey: Cobalt Market Overview 2020

Cobalt Market Size in Turkey

The revenue of the cobalt market in Turkey amounted to $X in 2017, rising by X% against the previous year. In general, cobalt consumption continues to indicate a moderate descent. The pace of growth appeared the most rapid in 2017, when it surged by X% y-o-y. Over the period under review, the cobalt market reached its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Production in Turkey

Cobalt production in Turkey totaled X kg in 2017, therefore, remained relatively stable against the previous year. In general, cobalt production continues to indicate a relatively flat trend pattern.

Cobalt Exports from Turkey

In 2017, cobalt exports from Turkey amounted to X tonnes, remaining relatively unchanged against the previous year. Overall, cobalt exports continue to indicate a mild growth. The growth pace was the most rapid in 2013, with an increase of X% year-to-year. In that year, the cobalt exports reached their peak volume of X tonnes. From 2014 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 prominent growth. Turkey exports peaked in 2017, and are likely to see steady growth in the near future.

Cobalt Exports by Country from Turkey

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, together comprising X% of total exports. China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia, South Korea and Turkey lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Turkey (+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 Turkey

In 2017, the cobalt export price in Turkey amounted to $X per kg, jumping by X% against the previous year. In general, cobalt export price continues to indicate a pronounced expansion. The growth pace was the most rapid in 2010, an increase of X% against the previous year. Over the period under review, the export prices for cobalt reached its peak figure level of $X per kg in 2011; however, from 2012 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 Turkey

In 2017, the amount of cobalt imported into Turkey amounted to X tonnes, therefore, remained relatively stable against the previous year. In general, the total imports indicated a temperate growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cobalt imports increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2013, when imports increased by X% year-to-year. Over the period under review, the cobalt imports reached its peak figure volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, cobalt imports stood at $X in 2017. In general, cobalt imports continue to indicate a moderate curtailment. Over the period under review, the cobalt imports reached its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Imports by Country into Turkey

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) occupied the minor 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 ($X) constitutes the largest market for imported cobalt into Turkey, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 totaled +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 Turkey

The cobalt import price in Turkey stood at $X per kg in 2017, surging by X% against the previous year. Overall, cobalt import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. In that year, the import prices for cobalt reached their peak level of $X per kg. From 2009 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