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

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

The Benelux cobalt oxides and hydroxides market shrank slightly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, saw buoyant growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, cobalt oxides and hydroxides production declined to $X in 2022 estimated in export price. In general, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs 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 Benelux

In 2022, after two years of growth, there was significant decline in overseas shipments of cobalt oxides and hydroxides and commercial cobalt oxides, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cobalt oxides and hydroxides exports rose markedly to $X in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium was the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by the Netherlands (X tons), mixing up an X% share of total exports.

Exports from Belgium decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2022. While the share of Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (X p.p.) displayed negative dynamics.

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

In Belgium, cobalt oxides and hydroxides exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price saw a strong expansion. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

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

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Benelux

For the third year in a row, Benelux recorded growth in supplies from abroad of cobalt oxides and hydroxides and commercial cobalt oxides, which increased by X% to X tons in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides imports surged to $X in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Belgium represented the major importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by the Netherlands (X tons), making up a X% share of total imports.

Imports into Belgium decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Belgium increased by X percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Benelux, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports.

In Belgium, cobalt oxides and hydroxides imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

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

Source: IndexBox Platform

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