Eastern Europe: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Eastern Europe

The East European cobalt oxides and hydroxides market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption, however, saw strong growth. Over the period under review, the market reached the peak level 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 Eastern Europe

In value terms, cobalt oxides and hydroxides production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Eastern Europe

In 2022, the amount of cobalt oxides and hydroxides and commercial cobalt oxides exported in Eastern Europe contracted rapidly to X tons, falling by X% compared with the previous year. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cobalt oxides and hydroxides exports fell markedly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Estonia was the major exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Poland (X tons), making up a X% share of total exports. The Czech Republic (X kg) followed a long way behind the leaders.

Estonia was also the fastest-growing in terms of the cobalt oxides and hydroxides and commercial cobalt oxides exports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%) displayed positive paces of growth. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. Estonia (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Estonia ($X) remains the largest cobalt oxides and hydroxides supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports.

In Estonia, cobalt oxides and hydroxides exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. In general, the export price enjoyed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Eastern Europe

In 2022, supplies from abroad of cobalt oxides and hydroxides and commercial cobalt oxides increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cobalt oxides and hydroxides imports rose significantly to $X in 2022. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Russia represented the major importer of cobalt oxides and hydroxides and commercial cobalt oxides in Eastern Europe, with the volume of imports recording X tons, which was near X% of total imports in 2022. Slovakia (X tons) took the second position in the ranking, distantly followed by the Czech Republic (X tons) and Poland (X tons). All these countries together took near X% share of total imports. Ukraine (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the cobalt oxides and hydroxides and commercial cobalt oxides imports, with a CAGR of X% from 2012 to 2022. At the same time, Slovakia (X%) and Poland (X%) displayed positive paces of growth. By contrast, the Czech Republic (X%) and Ukraine (X%) illustrated a downward trend over the same period. Russia (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total imports, while Poland, Ukraine and the Czech Republic saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Russia, cobalt oxides and hydroxides imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Slovakia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cobalt oxides and hydroxides import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :