Netherlands: Cobalt Market 2024

Cobalt Market Size in the Netherlands

In 2023, after three years of growth, there was significant decline in the Dutch cobalt market, when its value decreased by X% to $X. Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Cobalt Production in the Netherlands

In value terms, cobalt production soared to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X,641,700% against the previous year. Cobalt production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

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Cobalt Exports

Exports from the Netherlands

In 2023, exports of cobalt from the Netherlands shrank sharply to X tons, which is down by X% against the previous year. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, cobalt exports shrank sharply to $X in 2023. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then declined significantly in the following year.

Exports by Country

Germany (X tons), Austria (X tons) and Belgium (X tons) were the main destinations of cobalt exports from the Netherlands, with a combined X% share of total exports. France, Sweden, the United States, the UK and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cobalt exported from the Netherlands were Germany ($X), Austria ($X) and Belgium ($X), with a combined X% share of total exports. France, Sweden, the UK, the United States and China lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cobalt export price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then reduced sharply in the following year.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and Germany ($X per ton), while the average price for exports to France ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cobalt Imports

Imports into the Netherlands

In 2023, cobalt imports into the Netherlands contracted dramatically to X tons, dropping by X% compared with 2022. Overall, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cobalt imports dropped significantly to $X in 2023. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2022, and then contracted remarkably in the following year.

Imports by Country

Canada (X tons), Madagascar (X tons) and China (X tons) were the main suppliers of cobalt imports to the Netherlands, with a combined X% share of total imports. Japan, Russia, Mexico, Morocco, South Africa, Norway, Zambia, Belgium and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Madagascar ($X) and China ($X) were the largest cobalt suppliers to the Netherlands, together accounting for X% of total imports. Japan, Morocco, Russia, Mexico, South Africa, Norway, Zambia, Australia and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Mexico, 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

The average cobalt import price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform