Northern America: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Northern America

The North American cobalt oxides and hydroxides market reduced to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Northern America

In value terms, cobalt oxides and hydroxides production amounted to $X in 2022 estimated in export price. In general, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Northern America

In 2022, cobalt oxides and hydroxides exports in Northern America reduced dramatically to X tons, shrinking by X% against the previous year. In general, exports saw a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides exports contracted remarkably to $X in 2022. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons) represented the major exporter of cobalt oxides and hydroxides and commercial cobalt oxides, committing X% of total exports. It was distantly followed by Canada (X tons), comprising a X% share of total exports.

The United States 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. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) remains the largest cobalt oxides and hydroxides supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, cobalt oxides and hydroxides exports declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue 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 United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Northern America

In 2022, the amount of cobalt oxides and hydroxides and commercial cobalt oxides imported in Northern America plummeted to X tons, reducing by X% against the previous year's figure. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides imports surged to $X in 2022. In general, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of cobalt oxides and hydroxides imports in 2022 were the United States (X tons), together recording X% of total import.

The United States 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. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Northern America.

In the United States, cobalt oxides and hydroxides imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price showed a buoyant expansion. 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 the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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