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Australia Cobalt Industry Outlook 2022 - 2026

See how Australia Cobalt performed compared to key markets such as Canada, the United States and Russia.

Key Market Indicators

Australian exports of cobalt are expected to drop by 10.8% year on year over the next five years, from 2.4 million kilograms in 2021 to 1.2 million kilograms in 2026. Since 1995, annual exports have fallen by 8.1%. The UK was the leading exporter in 2021, followed by the US, Russia and China. Meanwhile, Australian imports of cobalt are projected to increase by an average of 3.6% year on year over the next five years, from 244,710 kilograms in 2021 to 302,730 kilograms in 2026. Since 1993, imports have risen by 15%. Sweden was the leading exporter in 2021, followed by Belgium, the US and Japan.

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