The analysis of global cobalt export data for 2023 shows Canada, China, and Norway as top exporters. Despite their leading positions, Canada faced a decline of 6.48%, while China and Norway saw modest growth. Emerging exporters like Madagascar and South Korea recorded notable increases of 4.2% and 9.33%, respectively. Eastern European countries such as Slovakia and Ukraine experienced significant growth, while Israel's export skyrocketed by 170.44%. In contrast, Poland and Indonesia noted declines. This diverse performance illustrates the volatility and emerging shifts in the market.
Looking to the future, watch for growth trends in emerging markets, particularly in Africa and Eastern Europe. The evolution of battery technologies and environmental regulations will likely impact global cobalt demands and exports. Sustainable mining practices will also play a crucial role in shaping the market dynamics.
Top countries in Export of Cobalt by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 450,240,000 | 2023 | +1.97% | -6.48% | View data |
| 2 | 2 China | 414,260,000 | 2023 | +5.01% | +2.32% | View data |
| 3 | 3 Norway | 358,270,000 | 2023 | +4.27% | +1.85% | View data |
| 4 | 4 United States | 335,840,000 | 2023 | +3.12% | +1.55% | View data |
| 5 | 5 Madagascar | 276,080,000 | 2023 | +5.56% | +4.2% | View data |
| 6 | 6 Australia | 245,530,000 | 2023 | +2.89% | +1.42% | View data |
| 7 | 7 Russia | 193,110,000 | 2023 | +2.55% | -2.15% | View data |
| 8 | 8 Germany | 185,390,000 | 2023 | +2.66% | +1.83% | View data |
| 9 | 9 Belgium | 185,170,000 | 2023 | +4.29% | -1.97% | View data |
| 10 | 10 United Kingdom | 169,970,000 | 2023 | +3.64% | +1.84% | View data |
