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

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Belarus: Cobalt Market 2022

Cobalt Market Size in Belarus

In 2021, the Belarusian cobalt market decreased by -16.3% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption continues to indicate a deep slump. Cobalt consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Cobalt Production in Belarus

In value terms, cobalt production stood at less than $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern.

Cobalt Exports

Exports from Belarus

In 2021, overseas shipments of cobalt were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cobalt exports skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons), Latvia (X tons) and Estonia (X tons) were the main destinations of cobalt exports from Belarus, with a combined 92% share of total exports. These countries were followed by Ukraine and Russia, which together accounted for a further 8.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +55.9%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Latvia ($X) and Estonia ($X) constituted the largest markets for cobalt exported from Belarus worldwide, together accounting for 93% of total exports. Ukraine and Russia lagged somewhat behind, together comprising a further 7.4%.

In terms of the main countries of destination, Ukraine, with a CAGR of +80.0%, 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

In 2021, the average cobalt export price amounted to $X per ton, with a decrease of -32.1% against the previous year. In general, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 403% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Estonia ($X per ton) and Lithuania ($X per ton), while the average price for exports to Russia ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.

Cobalt Imports

Imports into Belarus

In 2021, the amount of cobalt imported into Belarus skyrocketed to X tons, increasing by 25% on the previous year's figure. Overall, imports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 119% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, cobalt imports surged to $X in 2021. In general, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 88%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Russia (X tons) and France (X kg) were the main suppliers of cobalt imports to Belarus, together accounting for 69% of total imports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +5.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cobalt suppliers to Belarus were Russia ($X), Germany ($X) and France ($X), with a combined 64% share of total imports. China, Lithuania, Poland, Switzerland and Slovenia lagged somewhat behind, together comprising a further 32%.

Poland, with a CAGR of +16.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, reducing by -4.8% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+25.3%), 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 63% of total volume. Moreover, cobalt consumption in China exceeded the figures recorded by the second-largest consumer, Democratic Republic of the Congo, fourfold.

What are the largest producers of cobalt in the world?

Democratic Republic of the Congo remains the largest cobalt producing country worldwide, comprising approx. 53% of total volume. Moreover, cobalt production in Democratic Republic of the Congo exceeded the figures recorded by the second-largest producer, Canada, more than tenfold. The third position in this ranking was taken by Russia, with a 3.8% share.

What are the leading suppliers of cobalt to Belarus?

In value terms, Russia, Germany and France constituted the largest cobalt suppliers to Belarus, together accounting for 64% of total imports. These countries were followed by China, Lithuania, Poland, Switzerland and Slovenia, which together accounted for a further 32%.

What are the leading importers of cobalt from Belarus?

In value terms, the largest markets for cobalt exported from Belarus were Lithuania, Latvia and Estonia, together comprising 93% of total exports. Ukraine and Russia lagged somewhat behind, together accounting for a further 7.4%.

What is the average export price for cobalt in Belarus?

In 2021, the average cobalt export price amounted to $23,778 per ton, falling by -32.1% against the previous year.

What is the average import price for cobalt in Belarus?

The average cobalt import price stood at $86,363 per ton in 2021, dropping by -4.8% against the previous year.

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

Belarus

Data coverage:

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