South Africa - Cobalt - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCobalt Price in South Africa - 2024
Contents:
- Cobalt Price in South Africa (FOB) - 2022
- Cobalt Price in South Africa (CIF) - 2022
- Cobalt Exports in South Africa
- Cobalt Imports in South Africa
Cobalt Price in South Africa (FOB) - 2022
The average cobalt export price stood at $11,574 per ton in 2022, remaining constant against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cobalt export price decreased by -13.6% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by 47%. As a result, the export price reached the peak level of $13,402 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($14,224 per ton), while the average price for exports to Japan ($6,981 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cobalt Price in South Africa (CIF) - 2022
The average cobalt import price stood at $75,622 per ton in 2022, rising by 17% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 79%. The import price peaked at $81,621 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($210,071 per ton), while the price for the UK ($63,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Cobalt Exports in South Africa
In 2022, the amount of cobalt exported from South Africa fell sharply to 1.1K tons, waning by -29.1% against 2021. In general, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 65% against the previous year.
In value terms, cobalt exports declined sharply to $13M in 2022. Overall, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 70% against the previous year.
Export of Cobalt in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 8.6 | 5.3 | 4.3 | 4.9 | -17.1% |
Ireland | 1.0 | 1.1 | 2.1 | 2.0 | 26.0% |
United States | 4.4 | 1.5 | 1.2 | 2.0 | -23.1% |
United Arab Emirates | N/A | N/A | N/A | 1.5 | 0% |
Chile | 1.1 | 1.6 | 2.2 | 0.9 | -6.5% |
Japan | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
Hong Kong SAR | 0.2 | 0.4 | N/A | 0.3 | 14.5% |
China | 3.4 | N/A | 7.3 | N/A | 46.5% |
Canada | 3.1 | 0.1 | N/A | N/A | -96.8% |
Others | 0.2 | 0.2 | 0.4 | 0.5 | 35.7% |
Total | 22.3 | 10.5 | 17.8 | 12.6 | -17.3% |
Top Export Markets for Cobalt from South Africa in 2022:
- Netherlands (344.0 tons)
- United States (246.9 tons)
- Ireland (154.9 tons)
- United Arab Emirates (119.3 tons)
- Japan (71.1 tons)
- Chile (68.9 tons)
- Hong Kong SAR (33.8 tons)
Cobalt Imports in South Africa
In 2022, cobalt imports into South Africa contracted to 2.4 tons, waning by -2.3% compared with the previous year. Over the period under review, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year.
In value terms, cobalt imports rose markedly to $181K in 2022. Overall, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year.
Import of Cobalt in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 318 | 69.6 | 135 | 159 | -20.6% |
Italy | N/A | 0.3 | N/A | 20.8 | 732.7% |
Belgium | 2.2 | 8.3 | 11.4 | 0.6 | -35.2% |
Turkey | 9.4 | 1.2 | 2.4 | N/A | -49.5% |
Others | 58.6 | 5.2 | 10.1 | 1.0 | -74.3% |
Total | 389 | 84.6 | 159 | 181 | -22.5% |
Top Suppliers of Cobalt to South Africa in 2022:
- United States (2274.0 kg)
- Italy (99.0 kg)
- Belgium (11.0 kg)
This report provides an in-depth analysis of the cobalt market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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