U.S. - Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cobalt Oxides and Hydroxides in the United States - 2023
Contents:
- Price for Cobalt Oxides and Hydroxides in the United States (CIF) - 2023
- Price for Cobalt Oxides and Hydroxides in the United States (FOB) - 2023
- Imports of Cobalt Oxides and Hydroxides in the United States
- Exports of Cobalt Oxides and Hydroxides in the United States
Price for Cobalt Oxides and Hydroxides in the United States (CIF) - 2023
In October 2023, the average cobalt oxides and hydroxides import price amounted to $22,476 per ton, with an increase of 22% against the previous month. In general, the import price, however, saw a abrupt decline. Over the period under review, average import prices reached the maximum at $45,598 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($74,962 per ton), while the price for Finland ($21,418 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+5.3%), while the prices for the other major suppliers experienced a decline.
Price for Cobalt Oxides and Hydroxides in the United States (FOB) - 2023
The average cobalt oxides and hydroxides export price stood at $32,084 per ton in October 2023, with a decrease of -43.8% against the previous month. Over the period under review, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 163% month-to-month. The export price peaked at $57,095 per ton in September 2023, and then contracted notably in the following month.
Average prices varied somewhat for the major external markets. In October 2023, the country with the highest price was Canada ($41,080 per ton), while the average price for exports to Mexico stood at $31,560 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cobalt Oxides and Hydroxides in the United States
Cobalt oxides and hydroxides imports into the United States contracted rapidly to 1.9K tons in 2022, declining by -15.9% compared with 2021. In general, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. As a result, imports reached the peak of 2.2K tons, and then dropped notably in the following year.
In value terms, cobalt oxides and hydroxides imports skyrocketed to $89M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 144% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cobalt Oxides and Hydroxides in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 7.8 | 9.4 | 25.1 | 42.4 | 75.8% |
| United Kingdom | 11.6 | 9.6 | 20.5 | 21.9 | 23.6% |
| Belgium | 15.9 | 7.6 | 18.3 | 15.3 | -1.3% |
| Taiwan (Chinese) | 2.0 | 1.1 | 5.7 | 5.0 | 35.7% |
| China | 5.1 | 0.9 | 1.6 | 1.5 | -33.5% |
| South Korea | 2.1 | 0.9 | 1.3 | 1.3 | -14.8% |
| Others | N/A | 1.0 | 2.2 | 1.8 | 34.2% |
| Total | 44.6 | 30.6 | 74.7 | 89.1 | 25.9% |
Top Suppliers of Cobalt Oxides and Hydroxides to the United States in 2022:
- Finland (933.3 tons)
- United Kingdom (401.6 tons)
- Belgium (280.4 tons)
- Taiwan (Chinese) (101.0 tons)
- China (52.5 tons)
- South Korea (44.0 tons)
Exports of Cobalt Oxides and Hydroxides in the United States
In 2022, cobalt oxides and hydroxides exports from the United States contracted notably to 46 tons, with a decrease of -56.7% compared with the previous year. In general, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports attained the peak of 107 tons, and then shrank notably in the following year.
In value terms, cobalt oxides and hydroxides exports contracted sharply to $1.9M in 2022. Over the period under review, exports recorded a noticeable decline. The pace of growth was the most pronounced in 2020 when exports increased by 43%.
| Export of Cobalt Oxides and Hydroxides in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 55.8 | 17.2 | 27.4 | 539 | 113.0% |
| China | N/A | 36.3 | 161 | 339 | 205.6% |
| Netherlands | N/A | N/A | N/A | 271 | 0% |
| Canada | 689 | 2,393 | 2,694 | 254 | -28.3% |
| Spain | 6.0 | N/A | N/A | 203 | 223.4% |
| Mexico | 747 | 389 | 455 | 126 | -44.7% |
| Belgium | 490 | N/A | 135 | N/A | -47.5% |
| Others | 97.1 | 151 | 408 | 142 | 13.5% |
| Total | 2,085 | 2,986 | 3,880 | 1,874 | -3.5% |
Top Export Markets for Cobalt Oxides and Hydroxides from the United States in 2022:
- Germany (12.6 tons)
- China (7.4 tons)
- Mexico (6.8 tons)
- Netherlands (6.4 tons)
- Canada (5.6 tons)
- Spain (4.4 tons)
This report provides an in-depth analysis of the market for cobalt oxides and hydroxides in the U.S.. 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:
- Prodcom 20121930 - Cobalt oxides and hydroxides, commercial cobalt oxides
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for cobalt oxides and hydroxides in the U.S..
768
This report provides an in-depth analysis of the global market for cobalt oxides and hydroxides.
468
This report provides an in-depth analysis of the market for cobalt oxides and hydroxides in the U.S..
768
This report provides an in-depth analysis of the global market for cobalt oxides and hydroxides.
1395
In value terms, cobalt oxides and hydroxides imports amounted to $X in 2016. Overall, cobalt oxides and hydroxides imports continue to indicate a noticeable slump. In that year, global cobalt oxide...
1049
In value terms, cobalt oxides and hydroxides exports totaled $X in 2016. Overall, cobalt oxides and hydroxides exports continue to indicate a mild contraction. Global cobalt oxides and hydroxides e...
1395
In value terms, cobalt oxides and hydroxides imports amounted to $X in 2016. Overall, cobalt oxides and hydroxides imports continue to indicate a noticeable slump. In that year, global cobalt oxide...
1049
In value terms, cobalt oxides and hydroxides exports totaled $X in 2016. Overall, cobalt oxides and hydroxides exports continue to indicate a mild contraction. Global cobalt oxides and hydroxides e...
