Report Update Jan 1, 2025

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

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Greece: Cobalt Market 2022

Cobalt Market Size in Greece

In 2021, after five years of growth, there was decline in the Greek cobalt market, when its value decreased by -1.3% to $X. Overall, consumption posted strong growth. Cobalt consumption peaked at $X in 2020, and then reduced modestly in the following year.

Cobalt Exports

Exports from Greece

Cobalt exports from Greece soared to X tons in 2021, picking up by 83% on the previous year's figure. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of 321%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cobalt exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 295%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X kg), the Czech Republic (X kg) and Bulgaria (X kg) were the main destinations of cobalt exports from Greece, with a combined 75% share of total exports. Turkey, Cyprus, Italy and India lagged somewhat behind, together comprising a further 25%.

From 2014 to 2021, the biggest increases were in Cyprus (with a CAGR of +71.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cobalt exported from Greece were the Czech Republic ($X), the United Arab Emirates ($X) and Bulgaria ($X), together comprising 81% of total exports. Turkey, Cyprus, Italy and India lagged somewhat behind, together comprising a further 19%.

Among the main countries of destination, Cyprus, with a CAGR of +41.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cobalt export price stood at $X per ton in 2021, waning by -9.3% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 22%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Cobalt Imports

Imports into Greece

In 2021, cobalt imports into Greece surged to X tons, with an increase of 25% on the year before. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 159%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, cobalt imports dropped modestly to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 156%. Imports peaked at $X in 2020, and then dropped slightly in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and France (X kg) were the main suppliers of cobalt imports to Greece, with a combined 61% share of total imports. The UK, Lithuania, the Netherlands, China and Belgium lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +77.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cobalt suppliers to Greece were Germany ($X), the UK ($X) and France ($X), together comprising 65% of total imports. China, Italy, the Netherlands, Belgium and Lithuania lagged somewhat behind, together comprising a further 25%.

China, with a CAGR of +54.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cobalt import price amounted to $X per ton, which is down by -23.7% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cobalt import price decreased by -36.7% against 2016 indices. The pace of growth was the most pronounced in 2016 an increase of 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cobalt in the world?

China remains the largest cobalt consuming country worldwide, accounting for 88% of total volume.

What are the largest producers of cobalt in the world?

The country with the largest volume of cobalt production was Democratic Republic of the Congo, accounting for 73% of total volume. Moreover, cobalt production in Democratic Republic of the Congo exceeded the figures recorded by the second-largest producer, Russia, more than tenfold. The third position in this ranking was occupied by Canada, with a 2.8% share.

What are the leading suppliers of cobalt to Greece?

In value terms, Germany, the UK and France appeared to be the largest cobalt suppliers to Greece, together comprising 65% of total imports. These countries were followed by China, Italy, the Netherlands, Belgium and Lithuania, which together accounted for a further 25%.

What are the leading importers of cobalt from Greece?

In value terms, the largest markets for cobalt exported from Greece were the Czech Republic, the United Arab Emirates and Bulgaria, together comprising 81% of total exports. These countries were followed by Turkey, Cyprus and Italy, which together accounted for a further 18%.

What is the average export price for cobalt in Greece?

The average cobalt export price stood at $160,239 per ton in 2021, dropping by -9.8% against the previous year.

What is the average import price for cobalt in Greece?

The average cobalt import price stood at $58,934 per ton in 2021, falling by -22.4% against the previous year.

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

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024