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

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

The Indian cobalt oxides and hydroxides market shrank slightly to $X in 2022, falling by X% against the previous year. In general, consumption, however, enjoyed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, cobalt oxides and hydroxides production fell modestly to $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Cobalt oxides and hydroxides production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from India

In 2022, shipments abroad 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. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced 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 somewhat lower figure.

In value terms, cobalt oxides and hydroxides exports shrank notably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

The Netherlands (X tons) and the United Arab Emirates (X tons) were the main destinations of cobalt oxides and hydroxides exports from India.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%).

In value terms, the Netherlands ($X) and the United Arab Emirates ($X) were the largest markets for cobalt oxides and hydroxides exported from India worldwide.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average cobalt oxides and hydroxides export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price enjoyed prominent growth. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into India

In 2022, purchases abroad of cobalt oxides and hydroxides and commercial cobalt oxides was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cobalt oxides and hydroxides imports soared to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of cobalt oxides and hydroxides to India, with a X% share of total imports. Moreover, cobalt oxides and hydroxides imports from South Africa exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

In value terms, Belgium ($X), South Africa ($X) and China ($X) appeared to be the largest cobalt oxides and hydroxides suppliers to India, together comprising X% of total imports.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cobalt oxides and hydroxides import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for South Africa ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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