In 2024, Canada led global cobalt exports, although slightly declining by 0.63% from 2023. The United States saw a 3.11% increase in exports, while China and Russia experienced a 2.29% rise and a 4.66% fall, respectively. Madagascar and South Korea had significant growth, with increases of 5.23% and 9.01%. Conversely, Belgium and Australia recorded declines of 5.5% and 7.88%. Smaller exporters like Mexico and Belarus noted substantial triple-digit growth, but Poland and Sweden saw marked decreases.
Future trends to watch:
- Continued rise in exports from Madagascar and South Korea.
- Potential recovery of traditional exporters like Belgium and Australia.
- Emergence of smaller exporters like Mexico and Belarus gaining more market share.
Top countries in Export of Cobalt Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 17.25 | 2023 | +0.96% | -0.63% | View data |
| 2 | 2 United States | 14.14 | 2023 | +3.97% | +3.11% | View data |
| 3 | 3 China | 9.77 | 2023 | +3.45% | +2.29% | View data |
| 4 | 4 Russia | 8.95 | 2023 | -3.7% | -4.66% | View data |
| 5 | 5 Japan | 6.92 | 2023 | +1.53% | +0.05% | View data |
| 6 | 6 Madagascar | 6.37 | 2023 | +3.82% | +5.23% | View data |
| 7 | 7 South Korea | 6.24 | 2023 | +4.31% | +9.01% | View data |
| 8 | 8 United Kingdom | 5.74 | 2023 | +3.61% | +1.72% | View data |
| 9 | 9 Belgium | 3.58 | 2023 | +1.62% | -5.5% | View data |
| 10 | 10 Morocco | 3.53 | 2023 | +1.55% | +2.65% | View data |
