The global export share of cobalt ores and concentrates varies significantly by country. As of 2023, Thailand leads with a substantial 90.08%, exhibiting a positive year-on-year growth of 7.83%. Belgium and Ireland maintain modest shares at 2.98% and 2.78%, respectively, showing mixed growth with Belgium declining by 9.04% and Ireland increasing by 2.91%. Germany, Spain, South Korea, the UK, and Qatar hold smaller shares, each under 1%, with Germany and Spain experiencing slight declines. Overall, fluctuations suggest dynamic market shifts among key and emerging exporters.
Future trends to consider include:
- The potential impact of geopolitical changes on cobalt sourcing and export practices, particularly in countries with smaller shares.
- Environmental regulations and technological advancements influencing cobalt mining and processing efficiency.
- Rising demand in the electric vehicle and electronics sectors potentially shifting market shares and driving new investment in mining infrastructure.
- Potential expansion or reduction in exports by major players like Thailand, impacting global distribution patterns.
Top countries in Export of Cobalt Ores and Concentrates Share by Country (Kilograms)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Thailand | 90.08 | 2023 | +2.92% | +7.83% | View data |
| 2 | 2 Belgium | 2.98 | 2023 | -8.39% | -9.04% | View data |
| 3 | 3 Ireland | 2.78 | 2023 | +2.12% | +2.91% | View data |
| 4 | 4 Germany | 0.76 | 2023 | -9.64% | -2.87% | View data |
| 5 | 5 Spain | 0.48 | 2023 | +5.28% | -1.38% | View data |
| 6 | 6 South Korea | 0.32 | 2023 | -0.91% | -0.53% | View data |
| 7 | 7 United Kingdom | 0.14 | 2023 | +1.94% | +5.71% | View data |
| 8 | 8 Qatar | 0.069 | 2023 | +6.73% | +0.99% | View data |
