Key Market Indicators
Hungary's cobalt imports are expected to reach 16,470 kilograms by 2026, a 1.2% increase year-on-year from 2021's 15,360 kilograms. Since 1997, demand has dropped by 3.1% yearly. Hungary was 42nd in the rankings in 2021, with Argentina leading the way at 15,360 kilograms. Belgium, the US and Japan respectively followed in 2nd, 3rd and 4th place. Exports of cobalt from Hungary are set to rise to 26,730 kilograms by 2026, with an average year-on-year growth of 3%. Since 2016, supply has grown by 13.6% yearly. Hungary came 29th in the rankings in 2021, with Austria taking the lead with 22,360 kilograms. The US, Russia and China ranked 2nd, 3rd and 4th respectively.
