U.S.: Cobalt Market Overview 2020

Cobalt Market Size in the USA

The revenue of the cobalt market in the U.S. amounted to $X in 2017, coming up by X% against the previous year. In general, cobalt consumption continues to indicate a pronounced descent. The growth pace was the most rapid in 2010, when market value increased by X% y-o-y. Over the period under review, the cobalt market reached its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Cobalt Production in the USA

In 2017, approx. X kg of cobalt were produced in the U.S.; approximately mirroring the previous year. In general, cobalt production continues to indicate a relatively flat trend pattern.

Cobalt Exports in the USA

In 2017, the amount of cobalt exported from the U.S. totaled X tonnes, picking up by X% against the previous year. Overall, the total exports indicated a prominent 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. The pace of growth appeared the most rapid in 2017, with an increase of X% against the previous year. In that year, the cobalt exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, cobalt exports totaled $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. In that year, the cobalt exports reached their peak level of $X. From 2009 to 2017, growth of the cobalt exports stood at a somewhat lower level.

Cobalt Exports by Country in the USA

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) were the countries with the highest levels of exports in 2017, with a combined X% share of total exports. China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia and South Korea lagged somewhat behind, together accounting for a further X%.

Japan (+X% per year) recorded the highest rates of growth with regard to 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 the USA

In 2017, the cobalt export price in the U.S. amounted to $X per kg, approximately mirroring the previous year. Overall, cobalt export price continues to indicate a measured setback. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. In that year, the export prices for cobalt reached their peak level of $X per kg. From 2009 to 2017, growth of the export prices for cobalt 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 in the USA

In 2017, the amount of cobalt imported into the U.S. amounted to X tonnes, lowering by -X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. The U.S. imports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, cobalt imports stood at $X in 2017. Overall, cobalt imports continue to indicate a relatively flat trend pattern. Over the period under review, the cobalt imports reached its maximum level of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Cobalt Imports by Country in the USA

China dominates cobalt imports structure, amounting to 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) followed a long way behind the leaders.

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 ($X) constitutes the largest market for imported cobalt into the U.S., making up X% of global imports. The second position in the ranking was occupied by Japan ($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 rate of growth in terms of value in China totaled +X%. 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 the USA

In 2017, the cobalt import price in the U.S. amounted to $X per kg, rising by X% against the previous year. In general, cobalt import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. Over the period under review, the import prices for cobalt reached its peak figure 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