The global import of cobalt ores and concentrates is significantly led by China at 109 million kilograms, followed by Zambia with 57.036 million kilograms. Lesser players like Spain, Luxembourg, Qatar, Slovakia, Czech Republic, and Madagascar exhibit minimal volumes under 0.2 million kilograms.
In 2023, year-on-year trends showed a contraction in China's imports by 4.62%, while Zambia experienced a modest increase of 3.38%. Spain demonstrated notable growth at 9.1%, though with smaller volumes. Luxembourg, Qatar, Slovakia, Czech Republic, and Madagascar saw declines, ranging from 4.25% to 25.79%.
Looking ahead, China's prominence is expected to continue but may face pressures related to supply chain dynamics and sustainability concerns. Other countries need to strategize on capacity expansion to leverage potential opportunities as the demand for cobalt in battery manufacturing rises, driven by the electric vehicle sector's growth.
Top countries in Import of Cobalt Ores and Concentrates by Country
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 109,000,000 | 2023 | -3.76% | -4.62% | View data |
| 2 | 2 Zambia | 57,036,000 | 2023 | +0.54% | +3.38% | View data |
| 3 | 3 Spain | 116,340 | 2023 | +4.79% | +9.1% | View data |
| 4 | 4 Luxembourg | 3,010 | 2023 | -35.86% | -21.36% | View data |
| 5 | 5 Qatar | 1,600 | 2023 | -20.13% | -11.18% | View data |
| 6 | 6 Slovakia | 161 | 2023 | -25.46% | -4.25% | View data |
| 7 | 7 Czech Republic | 135 | 2023 | -36.62% | -25.79% | View data |
| 8 | 8 Madagascar | 0.64 | 2023 | -26.44% | -20.06% | View data |
