Key Market Indicators
Armenian Cobalt import is set to reach around 106 kilograms by 2026. This represents an average increase of 2.4% year on year from the current 92 kilograms. Since 2004, Armenian demand has decreased by almost 10% year on year. In 2021, Armenia was ranked 68th in the world in terms of Cobalt import. New Zealand overtook it at 92 kilograms. Belgium, the United States and Japan came in second, third and fourth respectively.