Report Update Jan 1, 2025

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

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Malaysia: Cobalt Market 2022

Cobalt Market Size in Malaysia

The Malaysian cobalt market soared to $X in 2021, growing by 272% against the previous year. Overall, consumption continues to indicate a significant increase. Cobalt consumption peaked in 2021 and is likely to continue growth in the near future.

Cobalt Production in Malaysia

In value terms, cobalt production dropped notably to $X in 2021 estimated in export price. In general, production showed significant growth. The growth pace was the most rapid in 2013 with an increase of 120%. Cobalt production peaked at $X in 2020, and then declined markedly in the following year.

Cobalt Exports

Exports from Malaysia

In 2021, exports of cobalt from Malaysia skyrocketed to X tons, with an increase of 122% compared with the previous year. Overall, exports posted significant growth. The growth pace was the most rapid in 2019 when exports increased by 6,247% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, cobalt exports contracted sharply to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 4,756% against the previous year. The exports peaked at $X in 2020, and then dropped notably in the following year.

Exports by Country

China (X tons) was the main destination for cobalt exports from Malaysia, accounting for a 97% share of total exports. It was followed by South Korea (X tons), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for cobalt exports from Malaysia, comprising 95% of total exports. The second position in the ranking was taken by South Korea ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

The average cobalt export price stood at $X per ton in 2021, falling by -72.9% against the previous year. In general, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 49%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+21.9%), while the prices for the other major destinations experienced a decline.

Cobalt Imports

Imports into Malaysia

Cobalt imports into Malaysia soared to X tons in 2021, with an increase of 918% compared with the previous year. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 2,668%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, cobalt imports soared to $X in 2021. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mozambique (X tons) constituted the largest cobalt supplier to Malaysia, accounting for a 57% share of total imports. Moreover, cobalt imports from Mozambique exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was taken by South Africa (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Mozambique amounted to +6,961.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+110.7% per year) and South Africa (0.0% per year).

In value terms, Mozambique ($X) constituted the largest supplier of cobalt to Malaysia, comprising 77% of total imports. The second position in the ranking was held by South Africa ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mozambique stood at +12,039.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and Taiwan (Chinese) (+62.6% per year).

Import Prices by Country

In 2021, the average cobalt import price amounted to $X per ton, increasing by 101% against the previous year. In general, the import price, however, showed a abrupt downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mozambique ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+71.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cobalt in the world?

China constituted the country with the largest volume of cobalt consumption, comprising approx. 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, comprising approx. 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. Canada ranked third in terms of total production with a 2.8% share.

What are the leading suppliers of cobalt to Malaysia?

In value terms, Mozambique constituted the largest supplier of cobalt to Malaysia, comprising 79% of total imports. The second position in the ranking was occupied by South Africa, with a 13% share of total imports. It was followed by China, with a 2.9% share.

What are the leading importers of cobalt from Malaysia?

In value terms, China emerged as the key foreign market for cobalt exports from Malaysia, comprising 90% of total exports. The second position in the ranking was occupied by South Korea, with a 4.7% share of total exports. It was followed by Switzerland, with a 3.5% share.

What is the average export price for cobalt in Malaysia?

In 2021, the average cobalt export price amounted to $10,307 per ton, declining by -61.7% against the previous year.

What is the average import price for cobalt in Malaysia?

In 2021, the average cobalt import price amounted to $3,102 per ton, declining by -10.4% against the previous year.

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

Malaysia

Data coverage:

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