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United Kingdom - Cobalt - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCobalt Price in the UK - 2023
Contents:
- Cobalt Price in the UK (CIF) - 2022
- Cobalt Price in the UK (FOB) - 2022
- Cobalt Imports in the UK
- Cobalt Exports in the UK
Cobalt Price in the UK (CIF) - 2022
In 2022, the average cobalt import price amounted to $29,178 per ton, with an increase of 5.1% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cobalt import price increased by +15.3% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 48%. As a result, import price attained the peak level of $40,164 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($68,870 per ton), while the price for Turkey ($11,666 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Cobalt Price in the UK (FOB) - 2022
The average cobalt export price stood at $46,836 per ton in 2022, shrinking by -2.4% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 -4.3% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 74% against the previous year. As a result, the export price attained the peak level of $48,964 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($85,771 per ton), while the average price for exports to Turkey ($21,513 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 the United States (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Cobalt Imports in the UK
Cobalt imports into the UK soared to 5.2K tons in 2022, increasing by 29% against the year before. The total import volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cobalt imports surged to $152M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cobalt in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 1.0 | 0.5 | 3.4 | 41.7 | 246.8% |
Turkey | 0.8 | 3.5 | 20.2 | 32.5 | 243.8% |
United States | 7.8 | 8.0 | 9.6 | 12.0 | 15.4% |
China | 3.9 | 2.6 | 0.4 | 11.1 | 41.7% |
Japan | 0.7 | 2.4 | 1.0 | 10.6 | 147.4% |
Morocco | N/A | N/A | N/A | 9.0 | 0% |
Norway | N/A | N/A | 0.7 | 7.0 | 900.0% |
Russia | 6.8 | 6.2 | 1.5 | 6.9 | 0.5% |
Indonesia | N/A | N/A | N/A | 5.3 | 0% |
Mexico | N/A | N/A | 7.5 | 4.6 | -38.7% |
France | 0.6 | 0.5 | 0.4 | 3.6 | 81.7% |
Netherlands | 59.9 | 83.5 | 42.4 | 2.5 | -65.3% |
New Caledonia | 10.5 | 3.7 | N/A | N/A | -64.8% |
Others | 23.3 | 11.6 | 24.4 | 5.0 | -40.1% |
Total | 115 | 122 | 112 | 152 | 9.7% |
Top Suppliers of Cobalt to the UK in 2022:
- Turkey (2781.9 tons)
- Canada (784.3 tons)
- United States (231.9 tons)
- Japan (215.6 tons)
- China (204.7 tons)
- Indonesia (170.9 tons)
- Morocco (130.0 tons)
- France (124.6 tons)
- Norway (124.6 tons)
- Mexico (121.6 tons)
- Russia (119.2 tons)
- Netherlands (47.7 tons)
Cobalt Exports in the UK
In 2022, shipments abroad of cobalt decreased by -3.3% to 1.1K tons, falling for the second year in a row after two years of growth. In general, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2020 with an increase of 10%. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cobalt exports fell to $54M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 10% against the previous year. As a result, the exports reached the peak of $57M, and then fell in the following year.
Export of Cobalt in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 8.5 | 4.6 | 12.1 | 14.2 | 18.7% |
Netherlands | 5.6 | 24.9 | 11.6 | 9.6 | 19.7% |
United States | 12.3 | 2.7 | 3.5 | 5.2 | -24.9% |
Japan | 0.9 | 0.9 | 4.9 | 3.5 | 57.3% |
France | 1.2 | 0.5 | 2.7 | 3.5 | 42.9% |
Austria | 2.2 | 1.9 | 2.5 | 2.7 | 7.1% |
China | 0.4 | 2.8 | 2.8 | 2.5 | 84.2% |
India | 1.9 | 1.7 | 1.9 | 2.4 | 8.1% |
Switzerland | 2.3 | 2.4 | 1.8 | 1.8 | -7.8% |
Ireland | 0.8 | 1.0 | 0.8 | 1.6 | 26.0% |
Italy | 0.7 | 0.3 | 1.6 | 1.4 | 26.0% |
South Korea | 1.0 | 0.5 | 0.7 | 1.0 | 0.0% |
Turkey | 0.4 | 0.4 | 0.3 | 0.8 | 26.0% |
Others | 10.8 | 7.2 | 9.7 | 3.7 | -30.0% |
Total | 49.0 | 51.8 | 56.9 | 53.8 | 3.2% |
Top Export Markets for Cobalt from the UK in 2022:
- Germany (245.5 tons)
- Netherlands (237.2 tons)
- France (117.4 tons)
- Switzerland (79.7 tons)
- United States (77.7 tons)
- China (67.4 tons)
- Japan (65.0 tons)
- India (46.0 tons)
- Turkey (39.4 tons)
- Italy (32.8 tons)
- Austria (31.0 tons)
- South Korea (22.1 tons)
- Ireland (18.6 tons)
This report provides an in-depth analysis of the cobalt market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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