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Report Africa - Cobalt - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Africa - Cobalt - Market Analysis, Forecast, Size, Trends and Insights

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Africa: Cobalt Market 2022

Cobalt Market Size in Africa

The African cobalt market contracted modestly to $X in 2021, waning by -3.8% against the previous year. Over the period under review, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level of $X, and then fell in the following year.

Cobalt Production in Africa

In value terms, cobalt production reduced to $X in 2021 estimated in export price. In general, production, however, showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, production attained the peak level of $X, and then fell in the following year.

Cobalt Exports

Exports in Africa

In 2021, the amount of cobalt exported in Africa shrank to X tons, declining by -12% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 91% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cobalt exports reduced slightly to $X in 2021. Over the period under review, exports, however, posted a strong increase. The growth pace was the most rapid in 2017 with an increase of 130% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then reduced modestly in the following year.

Exports by Country

The biggest shipments were from Democratic Republic of the Congo (X tons), together amounting to 95% of total export.

Democratic Republic of the Congo experienced a relatively flat trend pattern with regard to volume of exports of cobalt. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Democratic Republic of the Congo ($X) also remains the largest cobalt supplier in Africa.

From 2012 to 2021, the average annual rate of growth in terms of value in Democratic Republic of the Congo amounted to +16.1%.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when the export price increased by 37%. The level of export peaked in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2021, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +15.2% per year.

Cobalt Imports

Imports in Africa

In 2021, supplies from abroad of cobalt decreased by -38.7% to X tons, falling for the seventh consecutive year after three years of growth. Over the period under review, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 821% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cobalt imports dropped notably to $X in 2021. In general, imports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2013 with an increase of 855% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Tunisia was the key importing country with an import of about X tons, which amounted to 70% of total imports. It was distantly followed by Zimbabwe (X tons), achieving a 24% share of total imports. South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cobalt imports into Tunisia stood at +27.1%. At the same time, Zimbabwe (+103.5%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in Africa, with a CAGR of +103.5% from 2012-2021. By contrast, South Africa (-21.1%) illustrated a downward trend over the same period. Tunisia (+52 p.p.) and Zimbabwe (+24 p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by -34.9% from 2012 to 2021, respectively.

In value terms, Tunisia ($X) constitutes the largest market for imported cobalt in Africa, comprising 83% of total imports. The second position in the ranking was held by South Africa ($X), with a 6.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Tunisia amounted to +21.6%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (-13.7% per year) and Zimbabwe (+86.0% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, which is down by -46.6% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2020 an increase of 8.1%. As a result, import price attained the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Africa ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+9.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Congo remains the largest cobalt consuming country in Africa, accounting for 44% of total volume. Moreover, cobalt consumption in Congo exceeded the figures recorded by the second-largest consumer, Madagascar, threefold. South Africa ranked third in terms of total consumption with an 11% share.
Democratic Republic of the Congo remains the largest cobalt producing country in Africa, comprising approx. 91% of total volume. It was followed by Congo, with a 3% share of total production.
In value terms, Democratic Republic of the Congo remains the largest cobalt supplier in Africa.
In value terms, South Africa constitutes the largest market for imported cobalt in Africa, comprising 88% of total imports. The second position in the ranking was occupied by Tunisia, with a 3% share of total imports. It was followed by Egypt, with a 2.6% share.
In 2021, the export price in Africa amounted to $10,138 per ton, standing approx. at the previous year.
The import price in Africa stood at $46,936 per ton in 2021, jumping by 26% against the previous year.

This report provides an in-depth analysis of the cobalt market in Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Algeria
    • Angola
    • Benin
    • Botswana
    • Burkina Faso
    • Burundi
    • Cabo Verde
    • Cameroon
    • Central African Republic
    • Chad
    • Comoros
    • Congo
    • Democratic Republic of the Congo
    • Djibouti
    • Egypt
    • Equatorial Guinea
    • Eritrea
    • Ethiopia
    • Gabon
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Kenya
    • Lesotho
    • Liberia
    • Libya
    • Madagascar
    • Malawi
    • Mali
    • Mauritania
    • Mauritius
    • Mayotte
    • Morocco
    • Mozambique
    • Namibia
    • Niger
    • Nigeria
    • Reunion
    • Rwanda
    • Saint Helena, Ascension and Tristan da Cunha
    • Sao Tome and Principe
    • Senegal
    • Seychelles
    • Sierra Leone
    • Somalia
    • South Africa
    • Sudan
    • Swaziland
    • Tanzania
    • Togo
    • Tunisia
    • Uganda
    • Zambia
    • Zimbabwe
    • Cote d'Ivoire
    • Western Sahara
    • South Sudan

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Production in Africa, split by region and country
    • Trade (exports and imports) in Africa
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2024
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2024
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • Algeria
      • Angola
      • Benin
      • Botswana
      • Burkina Faso
      • Burundi
      • Cabo Verde
      • Cameroon
      • Central African Republic
      • Chad
      • Comoros
      • Congo
      • Democratic Republic of the Congo
      • Djibouti
      • Egypt
      • Equatorial Guinea
      • Eritrea
      • Ethiopia
      • Gabon
      • Gambia
      • Ghana
      • Guinea
      • Guinea-Bissau
      • Kenya
      • Lesotho
      • Liberia
      • Libya
      • Madagascar
      • Malawi
      • Mali
      • Mauritania
      • Mauritius
      • Mayotte
      • Morocco
      • Mozambique
      • Namibia
      • Niger
      • Nigeria
      • Reunion
      • Rwanda
      • Saint Helena, Ascension and Tristan da Cunha
      • Sao Tome and Principe
      • Senegal
      • Seychelles
      • Sierra Leone
      • Somalia
      • South Africa
      • Sudan
      • Swaziland
      • Tanzania
      • Togo
      • Tunisia
      • Uganda
      • Zambia
      • Zimbabwe
      • Cote d'Ivoire
      • Western Sahara
      • South Sudan

    12. LIST OF TABLES

      1. Key Findings In 2024
      2. Market Volume, In Physical Terms, 2012–2024
      3. Market Value, 2012–2024
      4. Per Capita Consumption, By Country, 2018–2024
      5. Production, In Physical Terms, By Country, 2012–2024
      6. Imports, In Physical Terms, By Country, 2012–2024
      7. Imports, In Value Terms, By Country, 2012–2024
      8. Import Prices, By Country Of Destination, 2012–2024
      9. Exports, In Physical Terms, By Country, 2012–2024
      10. Exports, In Value Terms, By Country, 2012–2024
      11. Export Prices, By Country Of Origin, 2012–2024

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2024
      2. Market Value, 2012–2024
      3. Consumption, By Country, 2024
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2024
      18. Production, In Value Terms, 2012–2024
      19. Production, By Country, 2024
      20. Production, In Physical Terms, By Country, 2012–2024
      21. Imports, In Physical Terms, 2012–2024
      22. Imports, In Value Terms, 2012–2024
      23. Imports, In Physical Terms, By Country, 2024
      24. Imports, In Physical Terms, By Country, 2012–2024
      25. Imports, In Value Terms, By Country, 2012–2024
      26. Import Prices, By Country, 2012–2024
      27. Exports, In Physical Terms, 2012–2024
      28. Exports, In Value Terms, 2012–2024
      29. Exports, In Physical Terms, By Country, 2024
      30. Exports, In Physical Terms, By Country, 2012–2024
      31. Exports, In Value Terms, By Country, 2012–2024
      32. Export Prices, 2012–2024

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