Africa: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Africa

The African cobalt oxides and hydroxides market rose to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed a prominent expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Africa

In value terms, cobalt oxides and hydroxides production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Africa

In 2022, cobalt oxides and hydroxides exports in Africa fell sharply to X tons, waning by X% on the previous year. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides exports reduced dramatically to $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Democratic Republic of the Congo (X tons) represented the major exporter of cobalt oxides and hydroxides and commercial cobalt oxides, generating X% of total exports. South Africa (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Namibia (X%). Zambia (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cobalt oxides and hydroxides exports from Democratic Republic of the Congo stood at X%. At the same time, South Africa (X%), Zambia (X%) and Namibia (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Democratic Republic of the Congo, Namibia and South Africa increased by X, X and X percentage points, respectively.

In value terms, Democratic Republic of the Congo ($X) remains the largest cobalt oxides and hydroxides supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Democratic Republic of the Congo was relatively modest. In the other countries, the average annual rates were as follows: Namibia (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, picking up by X% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2015 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Africa

In 2022, imports of cobalt oxides and hydroxides and commercial cobalt oxides in Africa surged to X tons, picking up by X% compared with the previous year. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, cobalt oxides and hydroxides imports surged to $X in 2022. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Zambia represented the key importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Mozambique (X tons) and Namibia (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest cobalt oxides and hydroxides importing markets in Africa were Zambia ($X), Mozambique ($X) and Namibia ($X), with a combined X% share of total imports.

Namibia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mozambique ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%).

Source: IndexBox Platform

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