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

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

The Europe cobalt oxides and hydroxides market shrank to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, posted buoyant growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, cobalt oxides and hydroxides production dropped to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. 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 stood at a somewhat lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Europe

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. Overall, exports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, cobalt oxides and hydroxides exports rose markedly to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Belgium (X tons) represented the key exporter of cobalt oxides and hydroxides and commercial cobalt oxides, creating X% of total exports. The Netherlands (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the UK (X%). Italy (X tons) and Spain (X tons) held a little 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%) and Spain (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. 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 ($X) remains the largest cobalt oxides and hydroxides supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Belgium totaled X%. In the other countries, the average annual rates were as follows: the UK (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Europe

In 2022, after two years of growth, there was significant decline in purchases abroad of cobalt oxides and hydroxides and commercial cobalt oxides, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained 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 rose slightly to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) was the main importer of cobalt oxides and hydroxides and commercial cobalt oxides, achieving X% of total imports. Spain (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Germany (X%), Italy (X%), the Netherlands (X%) and France (X%). The UK (X tons) took a minor 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 Europe, with a CAGR of X% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, Spain (X%) and France (X%) illustrated a downward trend over the same period. Belgium (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while the UK, Germany, Italy, France and Spain saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively.

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

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw 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 Europe amounted to $X per ton, picking up by X% against the previous year. Import price indicated a strong 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 most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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 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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