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

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

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CIS: Cobalt Market 2022

Cobalt Market Size in CIS

The CIS cobalt market skyrocketed to $X in 2021, surging by 111% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cobalt Production in CIS

In value terms, cobalt production rose markedly to $X in 2021 estimated in export price. In general, production recorded slight growth. The growth pace was the most rapid in 2018 when the production volume increased by 176% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Cobalt Exports

Exports in CIS

In 2021, overseas shipments of cobalt decreased by -52.3% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 33%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, cobalt exports reduced to $X in 2021. Over the period under review, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 249%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) represented roughly 99.9% of total exports in 2021.

Russia was also the fastest-growing in terms of the cobalt exports, with a CAGR of -10.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest cobalt supplier in the CIS.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to -2.1%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, growing by 89% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 176%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +8.9% per year.

Cobalt Imports

Imports in CIS

Cobalt imports surged to X tons in 2021, increasing by 35% on the previous year's figure. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by 65%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cobalt imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was approx. 96% of total imports in 2021. Belarus (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the cobalt imports, with a CAGR of +10.8% from 2012 to 2021. At the same time, Belarus (+3.5%) displayed positive paces of growth. Belarus (-2.1 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported cobalt in the CIS, comprising 95% of total imports. The second position in the ranking was held by Belarus ($X), with a 2.7% share of total imports.

In Russia, cobalt imports increased at an average annual rate of +11.6% over the period from 2012-2021.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, jumping by 24% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 56%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Belarus ($X per ton), while Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Russia remains the largest cobalt consuming country in the CIS, accounting for 100% of total volume.
Russia remains the largest cobalt producing country in the CIS, comprising approx. 100% of total volume.
In value terms, Russia remains the largest cobalt supplier in the CIS.
In value terms, Russia constitutes the largest market for imported cobalt in the CIS, comprising 95% of total imports. The second position in the ranking was occupied by Belarus, with a 2.7% share of total imports.
The export price in the CIS stood at $19,452 per ton in 2021, increasing by 89% against the previous year.
The import price in the CIS stood at $55,686 per ton in 2021, increasing by 19% against the previous year.

This report provides an in-depth analysis of the cobalt market in CIS. 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:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Production in CIS, split by region and country
    • Trade (exports and imports) in CIS
    • 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
      • Armenia
      • Azerbaijan
      • Belarus
      • Kazakhstan
      • Kyrgyzstan
      • Moldova
      • Russia
      • Tajikistan
      • Uzbekistan

    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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