In 2023, China dominated the global cobalt import market with an 81.39% share, exceeding other countries by far. Belgium, the United States, and Japan followed, holding much smaller percentages. Over the past year, China's imports grew by 5.42%, and notable increases were observed in Singapore (12.45%) and Morocco (309.1%). Conversely, countries like Colombia and the Philippines experienced significant declines. The five-year CAGR indicates steady growth, particularly for China and Singapore.
Future trends suggest China will continue to lead due to its strategic focus on electric vehicle production and battery manufacturing. Monitoring emerging markets and technological advancements in alternative materials will be crucial for anticipating shifts in global cobalt import dynamics.
Top countries in Import of Cobalt Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 81.39 | 2023 | +4.6% | +5.42% | View data |
| 2 | 2 Belgium | 5.96 | 2023 | +6.5% | +3.66% | View data |
| 3 | 3 United States | 3.6 | 2023 | +1.56% | +1.59% | View data |
| 4 | 4 Japan | 2.49 | 2023 | -0.83% | -1.56% | View data |
| 5 | 5 United Kingdom | 1.85 | 2023 | +1.58% | +3.32% | View data |
| 6 | 6 South Korea | 1.02 | 2023 | +2.6% | +3.79% | View data |
| 7 | 7 Norway | 0.64 | 2023 | +1.59% | -5.82% | View data |
| 8 | 8 Netherlands | 0.63 | 2023 | +3.32% | +0.34% | View data |
| 9 | 9 France | 0.5 | 2023 | +1.58% | +2.74% | View data |
| 10 | 10 Malaysia | 0.32 | 2023 | +1.98% | +2.06% | View data |
