Global Cobalt Trends in 2022
Cobalt is part of Minor Metal. You may also be interested in Vanadium, Lithium and Manganese.
Global cobalt import is anticipated to reach 400 million kilograms by 2026, a rise of 2.8% compared to 2021. Since 2016, demand has increased by 7.7% each year. China tops the list of global cobalt importers with 272 million kilograms in 2021, followed by Belgium, the United States and Japan. Latvia saw an impressive 241.7% year-on-year increase, while Montenegro registered a 100% decrease since 2016. Global cobalt export is expected to reach 57 million kilograms in 2026, an increase of 0.6% from 2021. Since 2017, supply has grown 2% each year. Canada emerged as the leading exporter in 2021, with 9.6 million kilograms, followed by the United States, Russia and China. Estonia recorded an increase of 113.8%, while Brazil saw a 68.2% decrease since 2017.
Top 10 countries
In 2022 major markets in the Cobalt Industry were:
Cobalt Market Data and Forecasts
How much the Cobalt industry is expected to grow to 2026?
More in Cobalt Industry for 2028Global Cobalt Statistics
- Cobalt Import 171 countries (Asia, Africa, Sub-Saharan Africa...)
- Cobalt Export 104 countries (Europe, Asia, North America...)
- Cobalt Production 51 countries (Africa, Sub-Saharan Africa, East Africa...)
- Cobalt Demand 2 countries (United States, North America...)
- Cobalt Sales 6 countries (Europe, European Union, Finland...)
- Cobalt Reserves 2 countries (United States, North America...)
- Cobalt Price 2 countries (United States, North America...)
- Organic Chemicals Import 191 countries (Asia, Africa, Latin America...)
- Chemicals Export 187 countries (Asia, Europe, Latin America...)
- Chemicals Import 191 countries (Asia, Africa, Sub-Saharan Africa...)