Report Update Jan 1, 2025

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

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Sweden: Cobalt Market 2022

Cobalt Market Size in Sweden

In 2021, the Swedish cobalt market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Cobalt Exports

Exports from Sweden

In 2021, shipments abroad of cobalt decreased by -9.2% to X tons, falling for the second year in a row after three years of growth. In general, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 35% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, cobalt exports expanded rapidly to $X in 2021. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 76% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), China (X tons) and Mexico (X tons) were the main destinations of cobalt exports from Sweden, together comprising 65% of total exports. These countries were followed by Finland, Italy, Brazil, South Korea and the United States, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +47.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cobalt exported from Sweden were Germany ($X), China ($X) and Finland ($X), together comprising 62% of total exports. These countries were followed by Italy, Mexico, Brazil, South Korea and the United States, which together accounted for a further 29%.

Among the main countries of destination, Mexico, with a CAGR of +43.8%, recorded 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, with an increase of 22% against the previous year. Over the period under review, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 56% against the previous year. 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 remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Finland ($X per ton), while the average price for exports to Mexico ($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 Luxembourg (+69.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cobalt Imports

Imports into Sweden

In 2021, imports of cobalt into Sweden skyrocketed to X tons, increasing by 76% on the previous year. In general, imports, however, showed a abrupt contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cobalt imports skyrocketed to $X in 2021. Overall, imports, however, showed a slight shrinkage. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Austria (X tons) and Finland (X tons) were the main suppliers of cobalt imports to Sweden, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +321.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) constituted the largest supplier of cobalt to Sweden, comprising 50% of total imports. The second position in the ranking was taken by Finland ($X), with a 22% share of total imports. It was followed by Austria, with a 21% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-11.0% per year) and Austria (+287.4% per year).

Import Prices by Country

The average cobalt import price stood at $X per ton in 2021, almost unchanged from the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cobalt import price decreased by -33.0% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 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 Germany ($X per ton), while the price for Austria ($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 (+11.9%), 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, 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 Sweden?

In value terms, Belgium constituted the largest supplier of cobalt to Sweden, comprising 50% of total imports. The second position in the ranking was occupied by Finland, with a 22% share of total imports. It was followed by Austria, with a 21% share.

What are the leading importers of cobalt from Sweden?

In value terms, the largest markets for cobalt exported from Sweden were Germany, China and Finland, together accounting for 62% of total exports. Italy, Mexico, Brazil and South Korea lagged somewhat behind, together accounting for a further 29%.

What is the average export price for cobalt in Sweden?

In 2021, the average cobalt export price amounted to $41,900 per ton, jumping by 27% against the previous year.

What is the average import price for cobalt in Sweden?

The average cobalt import price stood at $47,227 per ton in 2021, approximately equating the previous year.

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

Sweden

Data coverage:

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