Key Market Indicators
Croatian imports of cobalt are expected to dip to 2,120 kilograms by 2026, from 2,700 kilograms in 2021. That equates to an average annual decline of 4.1%. Since 2004, Croatian demand for cobalt has dropped 9% year-on-year. In 2021, Croatia was ranked 54th, with Belarus taking the lead at 2,700 kilograms. The United States, Belgium, and Japan ranked 2nd, 3rd, and 4th, respectively. Croatian exports of cobalt, meanwhile, are projected to reach 312.51 kilograms by 2026, up from 278.29 kilograms in 2021. This amounts to an annual CAGR of 2%. Since 2019, Croatian supply of cobalt has dropped 1.8%. In 2021, Croatia ranked 45th, with Argentina in the lead at 278.29 kilograms. The United States, Russia, and China ranked 2nd, 3rd, and 4th, respectively.