Report Update Jan 1, 2025

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

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Pakistan: Cobalt Market 2022

Cobalt Market Size in Pakistan

The Pakistani cobalt market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption saw buoyant growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Cobalt Exports

Exports from Pakistan

In 2021, shipments abroad of cobalt decreased by -32.2% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 87% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell notably in the following year.

In value terms, cobalt exports fell notably to $X in 2021. Over the period under review, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 95%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) and China (X tons) were the main destinations of cobalt exports from Pakistan.

From 2012 to 2021, the biggest increases were in China (with a CAGR of -4.7%).

In value terms, South Korea ($X) remains the key foreign market for cobalt exports from Pakistan, comprising 87% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at -22.6%.

Export Prices by Country

The average cobalt export price stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 37%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: 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 South Korea (+16.6%).

Cobalt Imports

Imports into Pakistan

In 2021, after two years of decline, there was significant growth in supplies from abroad of cobalt, when their volume increased by 53% to X tons. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 165% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cobalt imports soared to $X in 2021. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 157%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) was the main supplier of cobalt to Pakistan, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled +34.3%.

In value terms, Canada ($X) constituted the largest supplier of cobalt to Pakistan.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +29.8%.

Import Prices by Country

The average cobalt import price stood at $X per ton in 2021, which is down by -3.8% against the previous year. Over the period under review, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 62% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Norway amounted to -1.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cobalt in the world?

The country with the largest volume of cobalt consumption was China, accounting for 88% of total volume.

What are the largest producers of cobalt in the world?

Democratic Republic of the Congo remains the largest cobalt producing country worldwide, 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 Pakistan?

In value terms, Canada constituted the largest supplier of cobalt to Pakistan, comprising 64% of total imports. The second position in the ranking was occupied by Singapore, with a 22% share of total imports.

What are the leading importers of cobalt from Pakistan?

In value terms, China remains the key foreign market for cobalt exports from Pakistan.

What is the average export price for cobalt in Pakistan?

In 2021, the average cobalt export price amounted to $16,041 per ton, falling by -34% against the previous year.

What is the average import price for cobalt in Pakistan?

The average cobalt import price stood at $15,197 per ton in 2021, reducing by -25.1% against the previous year.

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

Pakistan

Data coverage:

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