Key Market Indicators
Emirati cobalt exports are expected to drop by 22.4% year on year on average, to 853 kilograms by 2026. This is a marked decrease from the 3,450 kilograms exported in 2021. The UAE ranked 38th in 2021, lagging behind Poland. The United States, Russia and China followed in the rankings. Meanwhile, imports of cobalt to the UAE are expected to grow by 0.6% year on year on average, reaching 10,310 kilograms by 2026. This is an increase from the 9,960 kilograms imported in 2021, when the UAE ranked 46th. Belgium, the United States and Japan followed in the rankings.