| Product Code: ETC5352310 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Zambia continued to heavily rely on imports of cobalt sulfate, with top exporters being China, South Africa, UAE, Singapore, and India. The market showed a high concentration with a high Herfindahl-Hirschman Index (HHI). Despite a healthy compound annual growth rate (CAGR) of 6.08% from 2020 to 2024, the growth rate took a significant dip of -52.54% from 2023 to 2024. This fluctuation suggests potential shifts in market dynamics or external factors impacting cobalt sulfate imports to Zambia.

In the Africa region, the Cobalt Sulfate market in Zambia is projected to expand at a exponential growth rate of 15.73% by 2027. The largest economy is Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Zambia Cobalt Sulfate Market Overview |
3.1 Zambia Country Macro Economic Indicators |
3.2 Zambia Cobalt Sulfate Market Revenues & Volume, 2021 & 2031F |
3.3 Zambia Cobalt Sulfate Market - Industry Life Cycle |
3.4 Zambia Cobalt Sulfate Market - Porter's Five Forces |
3.5 Zambia Cobalt Sulfate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Zambia Cobalt Sulfate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles globally, which use cobalt sulfate in their batteries. |
4.2.2 Growth in the electronics industry, particularly in the production of smartphones and laptops that require cobalt sulfate. |
4.2.3 Government initiatives to promote renewable energy sources, leading to higher demand for cobalt sulfate in energy storage solutions. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of cobalt in the global market, impacting the profitability of cobalt sulfate manufacturers in Zambia. |
4.3.2 Environmental and ethical concerns related to cobalt mining practices, leading to potential regulatory challenges. |
4.3.3 Competition from alternative materials or technologies that could potentially replace cobalt sulfate in certain applications. |
5 Zambia Cobalt Sulfate Market Trends |
6 Zambia Cobalt Sulfate Market Segmentations |
6.1 Zambia Cobalt Sulfate Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Zambia Cobalt Sulfate Market Revenues & Volume, By Battery, 2021-2031F |
6.1.3 Zambia Cobalt Sulfate Market Revenues & Volume, By Pigment, 2021-2031F |
6.1.4 Zambia Cobalt Sulfate Market Revenues & Volume, By Others, 2021-2031F |
7 Zambia Cobalt Sulfate Market Import-Export Trade Statistics |
7.1 Zambia Cobalt Sulfate Market Export to Major Countries |
7.2 Zambia Cobalt Sulfate Market Imports from Major Countries |
8 Zambia Cobalt Sulfate Market Key Performance Indicators |
8.1 Average selling price of cobalt sulfate in the Zambian market. |
8.2 Percentage of cobalt sulfate production capacity utilized in Zambia. |
8.3 Investment in research and development for cobalt sulfate production technologies in Zambia. |
9 Zambia Cobalt Sulfate Market - Opportunity Assessment |
9.1 Zambia Cobalt Sulfate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Zambia Cobalt Sulfate Market - Competitive Landscape |
10.1 Zambia Cobalt Sulfate Market Revenue Share, By Companies, 2024 |
10.2 Zambia Cobalt Sulfate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |