The import forecast for cobalt into France indicates a steady growth trajectory from 2024 to 2028, with values rising from 1.8766 million kilograms to 1.9947 million kilograms. Comparing the year-on-year growth, the imports are expected to grow on average by about 1.5% each year. This consistent increase suggests a Compound Annual Growth Rate (CAGR) of approximately 1.55% over the five-year period. In 2023, the estimated import value stood near 1.846 million kilograms, providing a baseline for these projections.
Future trends to monitor include:
- Potential disruptions in supply chain due to geopolitical tensions or environmental policies.
- Technological advances in recycling or alternative materials that might affect cobalt demand.
- Market shifts in industries reliant on cobalt, such as electric vehicle manufacturing.
