Key Market Indicators
Spanish demand for cobalt is forecast to grow 4.7% year on year on average between 2021 and 2026, reaching 901,230 kilograms. This is a 44.3% rise since 1994. In 2021, Spain ranked 17th in the world for cobalt imports, with India in the lead at 681,800 kilograms. Belgium, the United States and Japan followed in second, third and fourth place respectively. Meanwhile, cobalt exports from Spain are estimated to increase 1.8% year on year on average between 2021 and 2026, reaching 45,740 kilograms. This is a decrease of 8.8% since 1994. In 2021, Spain placed 27th in the world for cobalt exports, with the Czech Republic in first at 41,170 kilograms. The United States, Russia and China were in second, third and fourth positions respectively.