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

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Slovakia: Cobalt Market 2022

Cobalt Market Size in Slovakia

In 2021, the Slovak cobalt market increased by 32% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption showed a buoyant expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Cobalt Exports

Exports from Slovakia

In 2021, shipments abroad of cobalt increased by 422% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,874% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, cobalt exports soared to $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 3,306% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for cobalt exports from Slovakia, accounting for a 78% share of total exports. Moreover, cobalt exports to Germany exceeded the volume sent to the second major destination, Belgium (X kg), sixfold. Russia (X kg) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.0% per year) and Russia (+126.8% per year).

In value terms, Germany ($X) remains the key foreign market for cobalt exports from Slovakia, comprising 94% of total exports. The second position in the ranking was held by Russia ($X), with a 2.9% share of total exports. It was followed by Belgium, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+155.4% per year) and Belgium (-2.9% per year).

Export Prices by Country

In 2021, the average cobalt export price amounted to $X per ton, reducing by -55.9% against the previous year. In general, the export price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 179% against the previous year. The export price peaked at $X per ton in 2020, and then shrank notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+85.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cobalt Imports

Imports into Slovakia

In 2021, supplies from abroad of cobalt increased by 38% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, cobalt imports dropped slightly to $X in 2021. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 136%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest cobalt supplier to Slovakia, with a 77% share of total imports. Moreover, cobalt imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), sixfold. France (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+149.1% per year) and France (+21.0% per year).

In value terms, Germany ($X) constituted the largest supplier of cobalt to Slovakia, comprising 97% of total imports. The second position in the ranking was held by the UK ($X), with a 1.6% share of total imports. It was followed by Romania, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+154.9% per year) and Romania (+675.1% per year).

Import Prices by Country

The average cobalt import price stood at $X per ton in 2021, shrinking by -29.9% against the previous year. In general, the import price, however, saw a strong increase. The growth pace was the most rapid in 2016 when the average import price increased by 79% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then dropped significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023