United Arab Emirates: Cobalt Market Overview 2020

Cobalt Market Size in the United Arab Emirates

The revenue of the cobalt market in the United Arab Emirates amounted to $X in 2017, rising by X% against the previous year. In general, cobalt consumption continues to indicate a strong expansion. The pace of growth was the most pronounced in 2008, with an increase of X% year-to-year. Over the period under review, the cobalt market attained its maximum level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Cobalt Production in the United Arab Emirates

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

Cobalt Exports in the United Arab Emirates

In 2017, cobalt exports from the United Arab Emirates stood at X kg, waning by -X% against the previous year. In general, cobalt exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2012, when exports increased by X% year-to-year. The United Arab Emirates exports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, cobalt exports amounted to $X in 2017. In general, cobalt exports continue to indicate a precipitous shrinkage. The United Arab Emirates exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Cobalt Exports by Country in the United Arab Emirates

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), together accounting for X% of total exports. China, Norway, Australia, Japan, Zambia, the UK, Belgium, Russia, South Korea and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

The cobalt export price in the United Arab Emirates stood at $X per kg in 2017, picking up by X% against the previous year. Overall, cobalt export price continues to indicate a strong expansion. The growth pace was the most rapid in 2017, when the export prices increased by X% against the previous year. The United Arab Emirates export price peaked of $X per kg in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

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 in the United Arab Emirates

In 2017, cobalt imports into the United Arab Emirates totaled X tonnes, coming down by -X% against the previous year. Overall, cobalt imports continue to indicate a drastic setback. The pace of growth appeared the most rapid in 2012, when imports increased by X% y-o-y. Over the period under review, the cobalt imports attained its maximum volume of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, cobalt imports stood at $X in 2017. Overall, cobalt imports continue to indicate a slight growth. Over the period under review, the cobalt imports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Cobalt Imports by Country in the United Arab Emirates

China prevails in cobalt imports structure, recording X tonnes, which was approx. 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. 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 ($X) constitutes the largest market for imported cobalt into the United Arab Emirates, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 United Arab Emirates

The cobalt import price in the United Arab Emirates stood at $X per kg in 2017, coming up by X% against the previous year. Overall, cobalt import price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2008, an increase of X% against the previous year. Over the period under review, the import prices for cobalt attained its maximum level of $X per kg in 2014; however, from 2015 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