Key Market Indicators
Romania's imports of cobalt are expected to grow 3% year on year, from 10,580 kilograms in 2021 to 12,610 kilograms by 2026. Since 1996, the country's demand for cobalt has grown 14.8% year on year. In 2021, Romania ranked 45th in the world, with Lithuania ahead at 10,580 kilograms. Belgium, the United States and Japan respectively occupied the 2nd, 3rd, and 4th places in this ranking. In 2018, Romanian cobalt exports surged by 43.8% compared to 2017, from 3,240 kilograms to 4,660 kilograms. That year, Romania ranked 36th in the world, with Brazil surpassing it at 4,660 kilograms. The United States, Russia, and China respectively occupied the 2nd, 3rd, and 4th places in this ranking.