In 2023, the import of cobalt to France stood at an estimated value of 89 million US Dollars. The forecast for the following years suggests a steady growth in imports. In 2024, the import value is expected to reach 92.422 million US Dollars, showing a year-on-year increase. The trend continues upward with 95.858 million in 2025, 99.225 million in 2026, 102.53 million in 2027, and 105.76 million in 2028. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to highlight a consistent annual increase.
Future trends to watch for:
- Adoption of electric vehicles can drive increased demand for cobalt.
- Technological advances in battery materials may alter dependency levels.
- Global geopolitical factors could impact supply chain dynamics.
- Sustainable sourcing and recycling efforts could affect import volumes and values.
