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

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

The Asian cobalt oxides and hydroxides market fell slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, posted a strong expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

In value terms, cobalt oxides and hydroxides production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Asia

After two years of growth, shipments abroad of cobalt oxides and hydroxides and commercial cobalt oxides decreased by X% to X tons in 2022. Over the period under review, exports saw a slight shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cobalt oxides and hydroxides exports stood at $X in 2022. Overall, exports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China represented the main exporter of cobalt oxides and hydroxides and commercial cobalt oxides in Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), making up a X% share of total exports. South Korea (X tons) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of cobalt oxides and hydroxides and commercial cobalt oxides. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. China (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cobalt oxides and hydroxides supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded a remarkable increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Asia

In 2022, approx. X tons of cobalt oxides and hydroxides and commercial cobalt oxides were imported in Asia; with a decrease of X% compared with the year before. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, cobalt oxides and hydroxides imports shrank remarkably to $X in 2022. Overall, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

South Korea represented the main importer of cobalt oxides and hydroxides and commercial cobalt oxides in Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Democratic People's Republic of Korea (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%) and India (X%). The following importers - the Philippines (X tons), Pakistan (X tons), Thailand (X tons) and China (X tons) - together made up X% of total imports.

Imports into South Korea decreased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic People's Republic of Korea (X%), the Philippines (X%), India (X%), Pakistan (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and China (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Democratic People's Republic of Korea (X p.p.), India (X p.p.), Japan (X p.p.), the Philippines (X p.p.), Pakistan (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Democratic People's Republic of Korea, with a X% share.

In South Korea, cobalt oxides and hydroxides imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Democratic People's Republic of Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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