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

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in the EU

The EU cobalt oxides and hydroxides market contracted to $X in 2022, reducing by X% against the previous year. In general, consumption, however, enjoyed temperate growth. Over the period under review, the market attained 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 the EU

In value terms, cobalt oxides and hydroxides production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked 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 the EU

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, however, enjoyed a temperate 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 tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, cobalt oxides and hydroxides exports amounted to $X in 2022. In general, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium represented the key exporter of cobalt oxides and hydroxides and commercial cobalt oxides in the European Union, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by the Netherlands (X tons), achieving a X% share of total exports. Italy (X tons) and Spain (X tons) followed a long way behind the leaders.

Exports from Belgium decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) and Spain (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium and the Netherlands increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Belgium ($X per ton) and Spain ($X per ton), while the Netherlands ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in the EU

In 2022, overseas purchases of cobalt oxides and hydroxides and commercial cobalt oxides decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, cobalt oxides and hydroxides imports expanded to $X in 2022. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Belgium was the major importer of cobalt oxides and hydroxides and commercial cobalt oxides in the European Union, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Spain (X tons) took the second position in the ranking, followed by Germany (X tons), Italy (X tons), the Netherlands (X tons) and France (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cobalt oxides and hydroxides imports into Belgium stood at X%. At the same time, the Netherlands (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Spain (X%) and France (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Germany (X p.p.), Italy (X p.p.), France (X p.p.) and Spain (X p.p.) displayed negative dynamics.

In value terms, the largest cobalt oxides and hydroxides importing markets in the European Union were Belgium ($X), Spain ($X) and Germany ($X), with a combined X% share of total imports. Italy, the Netherlands and France lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by X% against the previous year. Import price indicated a buoyant increase 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 2017 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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