Cobalt: waste and scrap

In 2024, cobalt: waste and scrap trade exhibited significant decline, with global flows reaching $90,354,591 and a three-year compound annual growth rate of +0.1% (five-year: +0.1%). The all-time peak of $176,006,283 was recorded in 2018; the current level is 49% below that high-water mark.

Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-4.1% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.107). The three largest exporters — United Kingdom ($22.7M), Japan ($15.7M), and United States ($15.4M) — collectively dominate supply flows. The leading exporter has grown at +9.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.124). The three largest import markets are United States ($21.9M), United Kingdom ($15.4M), and Canada ($9.9M). The largest importing market sources from 26 different supplying countries.

The dominant trade corridor is United Kingdom → United States at $8.3M, representing 38.0% of the importer's total demand.

The volatility score for cobalt: waste and scrap is 17 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.