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Cobalt Market Outlook 2022 - 2026

Daily Updated Industry Statistics and Top Emerging Trends about the Cobalt Industry

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?

Forecast: Global Import of Cobalt
Forecast: Global Export of Cobalt
Forecast: Export of Cobalt from Germany
Forecast: Import of Cobalt to Croatia
Forecast: Export of Cobalt from Switzerland
More in Cobalt Industry for 2027

What are the world's biggest Cobalt markets?

Global Import of Cobalt by Country
Global Export of Cobalt by Country
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Global Cobalt Statistics

Global Cobalt Industry Database